BMO Completes Sale of Equipment Finance Units to Stonepeak
MT newswire2026/10/29 23:48Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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07:48 PM EDT, 10/29/2026 (MT Newswires) -- BMO Financial Group has sold its Transportation Finance and Vendor Finance businesses in the United States and Canada to infrastructure investor Stonepeak, which has completed the acquisition and relaunched them as Longview Capital Solutions, Stonepeak said Thursday. Longview will operate as an independent commercial equipment finance company with two lines of business, Longview Transportation Finance and Longview Vendor Finance. Gary Kempinski is its chief executive. Customers will see no material operational changes for now, Stonepeak said. BMO will keep servicing and originating current and future loans for Longview under a transition services arrangement, the company said.
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