BMO Financial Group Completes Sale of Transportation Finance and Vendor Finance Businesses to Stonepeak

07:22 AM EDT, 10/30/2026 (MT Newswires) -- BMO Financial Group (BMO.TO, BMO) closed the sale of its Transportation Finance and Vendor Finance businesses to Stonepeak, it said after markets closed Thursday. BMO transferred approximately 75% (CA$11 billion) of the estimated CA$14.5 billion total combined loan and lease portfolio to Stonepeak at closing, a statement said. The remaining balances are expected to be transferred in the first quarter of fiscal 2027, subject to customary conditions, it added. BMO and Stonepeak have also entered into a transitional services agreement under which BMO will provide certain services to support an "orderly transition" for clients, it said. BMO expects the transaction to improve the bank's common equity Tier 1 (CET1) ratio by approximately 23 bps in the fourth quarter of fiscal 2026, it added. "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 statement added. "The businesses will now operate under the name Longview Capital Solutions."