LTi Technology Solutions (LTi) has been acquired by Diversis Capital, L.P. (Diversis), a Los Angeles-based private equity firm focused on building and scaling high-growth software and technology-enabled services companies.
Founded in 1989, LTi has spent more than three decades developing technology that supports the complex operational needs of equipment finance organizations. Its flagship platform, ASPIRE, is a highly configurable equipment finance lifecycle management system designed to streamline operations across originations, servicing, portfolio management and reporting. The acquisition marks a significant milestone in LTi’s evolution and positions the company to accelerate product innovation and expand its global presence.
As part of the transaction, LTi’s Co-Founders Randy Haug and Russ Hallberg will retain minority ownership and remain actively involved with the company, continuing to support the organization and its strategic direction. Jeff Van Slyke will continue to lead LTi as president and chief executive officer, along with the existing leadership team, ensuring continuity of leadership, strategic focus and operational stability as LTi enters its next phase of growth.
“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 recognizes 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 capitalize on the significant opportunities ahead as we continue to innovate and support the evolving needs of the equipment finance market.”
The acquisition comes at a pivotal moment for the equipment finance industry as organizations increasingly modernize legacy systems to support digital operations, enhance data transparency, and add more sophisticated reporting requirements. The acquisition will enable LTi to
accelerate product development, harness expanding AI capabilities and ultimately strengthen its ability to support the increasingly complex operational, regulatory, and analytical needs of equipment finance organizations.
“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 Ron Nayot, managing partner at Diversis. “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 organizations worldwide.”
KeyBanc Capital Markets served as the exclusive advisor to LTi Technology Solutions throughout the process of this acquisition.
