BMO Closes Sale of Transportation and Vendor Finance Businesses

BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has 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 the first quarter of fiscal 2027, 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 the fourth quarter of fiscal 2026.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure with approximately $98 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Source : BMO Financial Group