Black Lake Capital LLC
04/17/2023 | Press release | Archived content
Black Lake Capital announces the successful exit of Set Solutions
Black Lake Capital is pleased to announce that its portfolio company Set Solutions was acquired by Trace3, a leading provider of IT strategy, solutions, and services backed by American Securities.
Headquartered in Houston, TX, Set Solutions is the largest enterprise-focused cybersecurity solutions provider in the TOLA (Texas, Oklahoma, Louisiana, Arkansas) market, with a 25+ year history of advising and supporting enterprise clients to assess, select, implement, and support on-premise and cloud-oriented cybersecurity solutions. With a robust sales force, expert in-house technical engineers, and deep expertise within the energy, financial services, healthcare, and technology verticals, Set Solutions is viewed as a trusted advisor to its expansive roster of blue-chip clients.
Black Lake Capital is a private investment firm partnering with technology and innovation-enabled businesses generating $2-12M in annual cash flow. More information on Black Lake is available on its website.
Black Lake invested in Set Solutions with Third Century, a private equity firm focused on investing in middle-market founder-led and family-owned businesses in the business services, specialized services, industrial, and consumer products sectors. TM Capital served as the exclusive financial advisor to Set Solutions in connection with the transaction.
Headquartered in Irvine, CA, Trace3 provides advanced technology consulting services and solutions, from artificial intelligence and data science to cloud computing and security consulting. American Securities is a private equity firm focused on investing in market-leading North American companies with annual revenues ranging from $200 million to $2 billion.
Trace3's press release announcing the transaction is available here.
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Black Lake Capital is a private investment firm partnering with technology and innovation-enabled businesses generating $2-12M in annual cash flow. Since 2013, we have completed seven transactions.
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Black Lake Capital LLC published this content on April 17, 2023, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 30, 2026 at 11:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]