Go to deals
Private Equity | TMT

Set Solutions has been Acquired by Trace3

Third Century and Black Lake Capital have sold Set Solutions, Inc. to Trace3.

Headquartered in Houston, Texas, Set Solutions is the largest enterprise-focused cybersecurity solutions provider in the Texas market, with more than 25 years of history of advising and supporting enterprise clients to assess, select, implement and support on-premise and cloud-oriented cybersecurity solutions.

Headquartered in Irvine, California, Trace3 is a multi-billion dollar technology solutions provider delivering strategy consultancy, managed services and engineering services with expertise across the cloud, security, and data and analytics ecosystem.

Third Century manages a series of private equity funds focused on investing in middle-market founder-led and family-owned businesses in the business services, IT services and industrial and energy services sectors. Black Lake Capital is a private investment firm focused on partnering with technology and innovation-enabled businesses.

Oaklins TM Capital in the US served as the exclusive financial advisor to Set Solutions, a portfolio company of Third Century and Black Lake Capital, in connection with its sale to Trace3.

Service
M&A sell-side
Parties
“We selected Oaklins TM Capital to be our advisor based on their IT services expertise and their commitment to dedicating a senior-led, experienced deal team who would drive our transaction to a successful outcome. The team delivered on every level, and was instrumental in helping us identify the best partner for Set Solutions, navigate the complexities of the process and ultimately close the transaction with Trace3. We truly valued Oaklins TM’s commitment and perseverance throughout the engagement. Their industry relationships and transaction expertise, combined with their hard work, were major factors in generating a successful outcome for our team and our investors.”

John B. Marler

CEO, Set Solutions, Inc.

Talk to the deal team

Bradford A. Adams

Bradford A. Adams

Managing Director
Boston, United States
Oaklins TM Capital
View profile Get in touch
Jarrad Zalkin

Jarrad Zalkin

Managing Director
Boston, United States
Oaklins TM Capital
View profile Get in touch
Bradley S. Goldstein

Bradley S. Goldstein

Associate Director
Atlanta, United States
Oaklins TM Capital
View profile Get in touch
Kevin Corcoran

Kevin Corcoran

Associate
Boston, United States
Oaklins TM Capital
View profile Get in touch
Marissa Guzzo

Marissa Guzzo

Analyst
Boston, United States
Oaklins TM Capital
View profile Get in touch

Related deals

Thrive Freeze Dry has successfully sealed the acquisition deal with Paradiesfrucht GmbH
Private Equity | Food & Beverage

Thrive Freeze Dry has successfully sealed the acquisition deal with Paradiesfrucht GmbH

Paradiesfrucht GmbH, a gobal freeze dryer of fruits, fruit preparations, drops, powders and granulates, has been acquired by Thrive Freeze Dry (Thrive), a portfolio company of Entrepreneurial Equity Partners (e2p) and Mubadala Capital. The transaction is expected to close in 2024, subject to customary closing conditions, including antitrust approval.

Learn more
Perkbox has been acquired by Great Hill Partners
Private Equity | TMT

Perkbox has been acquired by Great Hill Partners

Molten Ventures has sold Perkbox to Great Hill Partners.

Learn more
Arculus Cyber Security has been acquired by Bridewell
Private Equity | TMT

Arculus Cyber Security has been acquired by Bridewell

The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.

Learn more