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PR Newswire·

BMO Closes Sale of Transportation and Vendor Finance Businesses

  • BMO Financial Group closed the sale of its Transportation Finance & Vendor Finance businesses to Stonepeak on October 29, 2026.
  • Approximately 75% of the combined loan & lease portfolio, valued at C$11 billion, transferred to Stonepeak at closing from a total estimated portfolio of C$14.5 billion.
  • Remaining balances are expected to transfer in the first quarter of fiscal 2027, subject to customary conditions.
  • BMO & Stonepeak entered a transitional services agreement for an orderly client transition.
  • BMO holds a 19.9% interest in the Stonepeak-managed entity, allowing participation in long-term value creation.
  • The acquired businesses will operate under the new name Longview Capital Solutions.
  • The transaction is expected to improve BMO's common equity Tier 1 ratio by approximately 23 basis points in the fourth quarter of fiscal 2026.