A leadership succession accompanies the change in ownership at FGI.

Co-founder and president Sami Altaher is taking the chief executive role as Goldman Sachs Alternatives acquires the commercial finance firm, the companies said.

David DiPiero, who had served as CEO, steps down.

FGI provides asset-based lending, factoring, and other working-capital solutions to middle-market businesses across the United States.

The firm finances companies against receivables, inventory, and other collateral, serving borrowers that often lack access to traditional bank credit.

Goldman Sachs Alternatives, the alternatives business of Goldman Sachs, oversees more than $500 billion in assets and has been investing across private equity, credit, real estate, and infrastructure for over 35 years.

The acquisition adds a direct position in middle-market commercial finance to its platform.

Altaher, who co-founded FGI and had been president, remains in an operational role alongside the existing management team.