Apollo Global Funds Acquire Trace3, Boosting Data Center Expansion
ByAinvest
Monday, Aug 11, 2025 6:00 pm ET1min read
APO--
American Securities will retain a significant minority stake in Trace3. While financial terms were not disclosed, the deal aims to accelerate Trace3's growth through strategic M&A and expansion of high-value service offerings. Apollo's acquisition of Trace3 aligns with its demonstrated track record in the IT services sector, following previous investments in Presidio and TD SYNNEX [1].
In addition to the Trace3 acquisition, Apollo Global Management is reportedly close to acquiring Kelvion, a German-based heat exchanger manufacturer, from Triton. The Kelvion acquisition is part of Apollo's broader strategy to leverage automation, green energy, and reshoring trends in industrial manufacturing. This deal aligns with the $102.6 billion in U.S. semiconductor investments and the IRA/CHIPS Act-driven supply chain localization efforts [2].
Apollo has also priced $500 million in 5.150% senior notes due 2035. This funding round underscores Apollo's continued commitment to growth and expansion, particularly in the technology and industrial sectors.
References:
[1] https://www.stocktitan.net/news/APO/apollo-funds-reach-agreement-with-american-securities-to-acquire-x6t1ejlmm1e2.html
[2] https://www.ainvest.com/news/apollo-strategic-move-acquire-kelvion-catalyst-creation-industrial-manufacturing-2508/
SNX--
Apollo Global Funds are set to acquire Trace3, a US-based IT services company. Apollo Global Management is also reportedly close to acquiring Kelvion, a German-based heat exchanger manufacturer, from Triton. Additionally, the company has priced $500 million in 5.150% senior notes due 2035.
Apollo Global Funds, a prominent alternative asset manager, has announced plans to acquire Trace3, a leading enterprise and commercial technology solutions provider. The acquisition is part of Apollo's strategic move to expand its IT services portfolio, targeting growth in the AI and digital transformation markets. Trace3, founded in 2002, serves numerous Fortune 500 clients and is positioned to capitalize on increasing demand for next-generation IT infrastructure and AI adoption [1].American Securities will retain a significant minority stake in Trace3. While financial terms were not disclosed, the deal aims to accelerate Trace3's growth through strategic M&A and expansion of high-value service offerings. Apollo's acquisition of Trace3 aligns with its demonstrated track record in the IT services sector, following previous investments in Presidio and TD SYNNEX [1].
In addition to the Trace3 acquisition, Apollo Global Management is reportedly close to acquiring Kelvion, a German-based heat exchanger manufacturer, from Triton. The Kelvion acquisition is part of Apollo's broader strategy to leverage automation, green energy, and reshoring trends in industrial manufacturing. This deal aligns with the $102.6 billion in U.S. semiconductor investments and the IRA/CHIPS Act-driven supply chain localization efforts [2].
Apollo has also priced $500 million in 5.150% senior notes due 2035. This funding round underscores Apollo's continued commitment to growth and expansion, particularly in the technology and industrial sectors.
References:
[1] https://www.stocktitan.net/news/APO/apollo-funds-reach-agreement-with-american-securities-to-acquire-x6t1ejlmm1e2.html
[2] https://www.ainvest.com/news/apollo-strategic-move-acquire-kelvion-catalyst-creation-industrial-manufacturing-2508/
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet