PE firm buys mortgage tech company formerly known as Voxtur

A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years.

Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur's existing senior secured indebtedness from Bank of Montreal in September, an obligation the company had been working to pay back for years. Hale Capital now owns the company down right.

The financial details of the acquisition were not disclosed.

"Apex Analytics has exactly the profile we seek: a strong team supporting mission-critical products in a large and underserved market with a deeply loyal customer base," Hale Capital CEO Martin Hale said in a press release Friday. "We saw an opportunity to work with the existing management team to act decisively, recapitalize the business and relaunch the company on a sound footing. We look forward to working with the Apex Analytics team to unlock the significant growth potential we see in this business."

Voxtur, a Toronto-based mortgage technology company that operated in the United States and Canada, had not released its earnings results since the first quarter of 2025, when it posted a net loss of $5.5 million. In the fourth quarter of 2024, Voxtur recorded a loss of $46.2 million. 

It delayed future filings as the company awaited information required to complete financial statements, Voxtur said in a press release.

Hale Capital provides money to its portfolio companies, as well as a network of operating executives and hands-on support through financial and operational transformation. As part of this investment, Hale Capital welcomed Rob Cain as the chief restructuring officer of Apex to support the existing management team.

"My focus now is on developing our team as we accelerate organic growth in our core business units leveraging Hale Capital's expertise and partnerships," Cain said in the press release.

Voxtur named Ryan Marshall, former founder and CEO of Benutech, as its CEO in August 2024 after the company announced it would sell a majority stake it held in Blue Water Financial Technologies and fended off a challenge to its board from a group of investors. Marshall will stay on as CEO of Apex, according to his LinkedIn profile.

Voxtur's plan to sell a majority stake in Blue Water was centered around strengthening its balance sheet by removing corporate debt, the company said in a statement at the time. But Voxtur cancelled the deal a few months later in order to provide clarity to the markets regarding its assets during a review of its strategic options, Chief Investment Officer Jordan Ross said at the time.

Hale Capital's purchase of Voxtur's indebtedness in September provided the foundation for the restructuring and acquisition. The company has since rebranded to Apex and will operate independently under Hale Capital's ownership, according to the release.