Global secured finance technology provider Solifi has acquired Leasepath, a provider of loan and lease management software for the mid-market equipment finance sector, according to a press release.
Solifi is a privately held, private-equity-backed company. In October 2024, global growth investor TA Associates acquired a majority stake in Solifi, while existing backer Thoma Bravo retained a significant minority share. Solifi was originally formed in 2021 through the merger of White Clarke Group (backed by Five Arrows) and IDS (backed by Thoma Bravo), creating a unified cloud-based platform serving automotive, equipment, wholesale/floorplan, and working capital finance sectors.
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The transaction, completed for an undisclosed amount, marks a strategic expansion for Solifi into the mid-market segment and reinforces its position as a global player in cloud-based finance solutions.
Solifi will integrate Leasepath’s expertise and technology to broaden its reach and product capabilities. The acquisition also opens new market opportunities for both companies, particularly in the EMEA and APAC regions, the companies said in a statement.
“Leasepath is an exciting addition to Solifi’s portfolio of proven secured finance solutions,” said Dan Corazzi, CEO of Solifi. “This acquisition not only strengthens our presence in the mid-market, but also supports Leasepath’s growth ambitions by enabling access to new markets and resources.”
Leasepath will continue to operate under the leadership of CEO Jeff Bilbrey, who called the acquisition a pivotal moment for the company. “This represents a key milestone in our journey,” Bilbrey said. “It allows us to better serve our existing customers and expand globally with the backing of a leading platform like Solifi.”
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By GlobalDataBoth companies will retain their existing headquarters and regional offices, and will continue offering their full suite of products and services. The integration aims to deliver enhanced innovation, service, and scale to customers across the secured finance landscape.
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