BMO Closes Sale of Transportation and Vendor Finance Businesses to Stonepeak

BMO Financial Group closed the sale of its Transportation Finance and Vendor Finance businesses to Stonepeak, transferring about 75% of an estimated C$14.5 billion combined loan and lease portfolio, or C$11 billion, at closing. PR Newswire published the announcement on October 29, 2026.

BMO's C$14.5 Billion Stonepeak Divestiture

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. Stonepeak is an alternative investment firm focused on infrastructure and real assets with approximately $88 billion of assets under management.

The remaining balances are expected to transfer in the first quarter of fiscal 2027, subject to customary conditions. BMO and Stonepeak entered a transitional services agreement under which BMO will provide certain services to support an orderly transition for clients. The businesses will now operate under the name Longview Capital Solutions.

BMO holds a 19.9% interest in the Stonepeak-managed entity that acquired the businesses, which the bank said lets it keep participating in their long-term value creation. 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. TradingView also reported the roughly 23 basis point CET1 improvement and the 19.9% retained stake. Stonepeak completed its acquisition of Chicago Parking Meters from a consortium of Morgan Stanley Infrastructure Partners, Allianz and ADIA, Pulse 2.0 reported on October 27, 2026.

BMO's Deal Terms in Company Records

According to akta.pro company records, BMO announced the sale of the two businesses, with a C$14.5 billion combined loan and lease portfolio, in May 2026, expecting a close in the fourth quarter of 2026 and a CET1 ratio improvement of approximately 28 basis points. The same records show BMO entered a definitive agreement with Stonepeak for the sale in May 2026, with an expected fourth-quarter 2026 close subject to regulatory approvals. BMO's total assets were $1.5 trillion as of April 30, 2026, and its second-quarter 2026 net income was $2.63 billion, up 34% from $1.962 billion a year earlier.

BMO's Capital Markets Push Before the Closing

In June 2026, BMO agreed to acquire Euroz Hartleys Group's Australia-based capital markets business for $145 million, according to akta.pro company records. BMO hired Todd Burns, a former UMB market president and Wells Fargo executive, to lead its Southwest commercial banking business, American City Business Journals reported in October 2026. BMO was named to Forbes' 2027 list of America's Most Trusted Companies for the second consecutive year, Stock Titan reported on October 22, 2026.

BMO Financials Conference Set for November

BMO will host its inaugural Financials Conference on November 9-10, 2026, in Boca Raton, Florida, through BMO Capital Markets, Stock Titan reported. Ares Management CFO Jarrod Phillips will present at the conference on November 10, 2026, at 9:30am ET, PR Newswire reported.