American Securities Acquires Trace3 from H.I.G. Capital
September 27, 2021
Affiliates of private equity firm American Securities have agreed to acquire Trace3 from an affiliate of H.I.G. Capital. Trace3 is an Irvine, California–based IT solutions and managed services provider serving over 2,500 commercial and enterprise clients; financial terms were not disclosed and the deal remains subject to customary closing conditions.
- Buyers
- American Securities
- Targets
- Trace3
- Sellers
- H.I.G. Capital (affiliate)
- Industry
- IT Services
- Location
- California, United States
- Transaction Type
- Buyout
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