3LS, Inc. Acquires Intrust IT

3LS Acquires ESOP Advisory Firm 40 Million Owners

September 4, 2025

Professional Services

3LS, an employee-owned family of companies headquartered in Nashville, announced the acquisition of ESOP advisory firm 40 Million Owners, which will join the company's Professional Services division. Co-founders Mike Brady and Michael Morosi will take leadership roles within 3LS (Brady as Managing Director of 40 Million Owners and Morosi as 3LS Chief Investment Officer) as 3LS expands its advisory capabilities around employee ownership and ESOP-driven acquisitions.

Intrust IT Acquires IT Support Division of Entegrity Consulting Group

January 1, 2025

IT Services

Intrust IT, an employee-owned managed services provider based in Cincinnati, completed the acquisition of the IT support division of Entegrity Consulting Group of Dayton, Ohio effective January 1, 2025. The deal expands Intrust IT's footprint in the Cincinnati and Dayton regions and brings Entegrity’s clients and longtime employee Ben Schubert into Intrust’s portfolio to strengthen its managed IT, cybersecurity, and cloud service offerings.

Innovative Lab Services Acquires MLS Technologies

October 16, 2024

Healthcare Services

Innovative Lab Services LLC (ILS), a provider of analytical instrument maintenance and repair, has acquired MLS Technologies, Inc., an analytical instrument services and support company. The deal expands ILS's technical capabilities and geographic reach—adding multi‑OEM service coverage and a local presence in the Pacific Northwest—while MLS employees will transition to ILS.

Trace3 Acquires LaSalle Solutions (Business Division of Fifth Third Bank) to Expand Enterprise IT Lifecycle Services

March 9, 2022

IT Services

Trace3 entered into a definitive agreement to purchase LaSalle Solutions, a business division of Fifth Third Bank, to expand Trace3’s technology solutions portfolio and national footprint. The deal is expected to close in April 2022 and will combine LaSalle’s IT lifecycle management platform (LAMP) with Trace3’s capabilities across cloud, data intelligence, security, and enterprise IT services.

Entrust Acquires HyTrust

January 14, 2021

Cybersecurity

Entrust Corporation acquired HyTrust, Inc., a Mountain View–based provider of virtualized and multi‑cloud data encryption, key management, and cloud security posture management solutions. The acquisition adds encryption, cryptographic key management and cloud security policy capabilities to Entrust’s identity and data protection portfolio; terms were not disclosed.

NXTsoft Acquires Integrated Legacy Solutions

March 6, 2019

Software

NXTsoft, a provider of intelligent risk management solutions, has acquired Birmingham, Alabama-based Integrated Legacy Solutions (ILS). The acquisition adds approximately $5 million of annual revenue, brings ILS's data conversion and migration technology into NXTsoft's portfolio, and will enable cross-selling of NXTsoft's compliance, data analytics and cybersecurity offerings to ILS's bank and credit union customers.