BMO closes sale of transportation equipment and vendor finance business to Stonepeak
BMO•BMO completed the sale of its transportation equipment financing and vendor finance business to Stonepeak, transferring about 75% of a roughly CAD 14.5 billion loan and lease portfolio. The transaction is expected to improve BMO’s common equity Tier 1 capital ratio by about 23 basis points in fiscal fourth-quarter 2026.
1. Sale closes
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. BMO retains a 19.9% stake in the Stonepeak-managed acquiring entity, which is operating as Longview Capital Solutions.
