Diversis Capital acquires LTi Technology Solutions

Private equity firm Diversis Capital has acquired LTi Technology Solutions, a long-established provider of software to the equipment finance industry, in a move aimed at expanding product development and accelerating technological innovation.

LTi, founded in 1989, develops software designed to manage the full lifecycle of equipment finance operations, including originations, servicing, portfolio management and reporting. Its core platform, ASPIRE™, is used by finance providers to handle complex operational processes and adapt to changing regulatory and reporting requirements.

The acquisition comes as firms across the equipment finance sector continue to invest in modernising legacy systems, driven by increasing demand for digital capabilities, improved data transparency and more advanced analytics.

As part of the transaction, LTi co-founders Randy Haug and Russ Hallberg will retain minority stakes in the business and remain involved in its strategic direction. Jeff Van Slyke will continue as president and chief executive officer, alongside the existing leadership team.

Diversis Capital, based in Los Angeles, focuses on investing in software and technology-enabled services companies. The firm said it intends to support further development of LTi’s platform, including the integration of artificial intelligence capabilities.

“This acquisition reflects the strength of LTi’s technology platform, the trust we have earned from our customers, and the extraordinary team that has built the Company over the past three decades,” said Van Slyke.

“We see tremendous opportunity ahead to innovate in ways that further advances the equipment finance industry. Diversis recognises the value of our people, our customers and our history as the foundation for what comes next. Their growth mindset, combined with deep operational expertise and strategic discipline, makes Diversis the right partner to help LTi capitalise on the significant opportunities ahead as we continue to innovate and support the evolving needs of the equipment finance market.”

Diversis managing partner Ron Nayot said the firm identified opportunities to build on LTi’s existing platform and industry expertise, with plans to invest in product innovation and expand its global reach.

“From our earliest meetings with LTi, it was clear this team had built something exceptional—a highly configurable, deeply embedded technology platform powered by real industry expertise and an unwavering commitment to their customers,” said Nayot.

“We see tremendous opportunity to invest in product innovation, bring AI-powered capabilities to LTi’s clients, and build on a foundation of trust that few software companies can match. We’re excited to partner with Russ, Randy, Jeff and the entire LTi team to deliver best-in-class solutions to equipment finance organisations worldwide.”

The transaction follows a period of increasing activity in the equipment finance technology market, as providers respond to operational complexity and regulatory pressures by adopting more flexible and scalable software systems.

KeyBanc Capital Markets acted as exclusive financial advisor to LTi on the transaction. Financial terms of the deal were not disclosed.