TORONTO and CHICAGO, Oct. 29, 2026 /PRNewswire/ — 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 and real assets with approximately $88 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.
Caution Regarding Forward Looking Statements
Certain statements in this press release are forward-looking statements. All such statements are made pursuant to the “safe harbor” provisions of, and are intended to be forward-looking statements under, the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements with respect to the expected closing of the remaining portion of the transaction and capital impact of the proposed transaction, and include statements made by our management. Forward-looking statements are typically identified by words such as “expect”, “will” or negative or grammatical variations thereof.
By their nature, forward-looking statements are based on various assumptions and are subject to inherent risks and uncertainties. We caution readers of this press release not to place undue reliance on our forward-looking statements as the assumptions underlying such statements may not turn out to be correct and a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. Such factors include, but are not limited to: the possibility that the remaining portion of the transaction does not close when expected or at all because conditions to closing are not satisfied on a timely basis or at all; the anticipated benefits from the transaction, such as it improving BMO’s common equity Tier 1 capital ratio (CET 1 ratio), are not realized in the time frame anticipated or at all. We caution that the foregoing list is not exhaustive of all possible factors. These factors should be considered in addition to other uncertainties and potential events, and the inherent uncertainty of forward-looking statements.
Assumptions about BMO expected financial performance (including balance sheet, income statement and regulatory capital figures), expected closing date of the remaining portion of the transaction, restructuring costs, and assumed accounting treatment were considered in estimating the impact of the transaction on BMO’s CET1 ratio.
BMO does not undertake to update any forward-looking statement, whether written or oral, that may be made, from time to time, by the organization or on its behalf, except as required by law.
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SOURCE BMO Financial Group
