BMO Financial Group closed the previously announced sale of its transportation finance and vendor finance businesses to Stonepeak.
At closing, BMO transferred approximately 75% (C$11 billion) of the estimated C$14.5 billion total combined loan and lease portfolio to Stonepeak, with the remaining balances expected to transfer in Q1/27, subject to customary conditions. In addition, BMO and Stonepeak have entered into a transitional services agreement under which BMO will provide certain services to support an orderly transition for clients.
As previously announced, BMO now holds a 19.9% interest in the Stonepeak-managed entity that acquired the businesses, enabling BMO to continue participating in their long-term value creation. The businesses will now operate under the name Longview Capital Solutions.
The transaction is expected to improve the bank’s common equity Tier 1 (CET1) ratio by approximately 23 bps in Q4/26.
