BMO 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.