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BMO closes sale of transportation equipment and vendor finance business to Stonepeak

By Public Technologies
  • BMO has completed the previously announced sale of its transportation equipment financing and vendor finance business to Stonepeak.
  • The closing transferred about 75%, or CAD 11 billion, of the roughly CAD 14.5 billion combined loan and lease portfolio.
  • The remaining balances are expected to transfer in the first quarter of fiscal 2027, subject to customary conditions.
  • The bank retains a 19.9% stake in the Stonepeak-managed acquiring entity, now operating as Longview Capital Solutions.
  • The transaction is expected to improve the bank’s common equity Tier 1 capital ratio by about 23 basis points in fiscal fourth-quarter 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BMO - Bank of Montreal published the original content used to generate this news brief via CNW (Ref. ID: 202610291830CANADANWCANADAPF_C8831) on October 29, 2026, and is solely responsible for the information contained therein.

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