BMO Financial Group Closes Sale of Transportation and Vendor Finance Businesses to Stonepeak

BMO Financial Group announced on October 29, 2026, that it has closed the previously announced sale of its Transportation Finance and Vendor Finance businesses to Stonepeak. The businesses will now operate under the name Longview Capital Solutions.

At closing, BMO transferred approximately 75%, or C$11 billion, of the estimated C$14.5 billion total combined loan and lease portfolio to Stonepeak. The remaining balances are expected to transfer in the first quarter of fiscal 2027, subject to customary conditions.

Transaction Details and Structure

• Ownership Interest: BMO holds a 19.9% interest in the Stonepeak-managed entity that acquired the businesses.
• Capital Impact: The transaction is expected to improve BMO's common equity Tier 1 (CET1) ratio by approximately 23 basis points in the fourth quarter of fiscal 2026.
• Transitional Support: BMO and Stonepeak entered into a transitional services agreement to ensure an orderly transition for clients.

Practical Implications and Verification

Clients and stakeholders affected by the transaction can verify official details through BMO Financial Group's investor relations announcements or Stonepeak's corporate communications. The transaction involves ongoing transitional agreements and future balance transfers expected in early 2027.