BMO Financial Group agreed to sell its Transportation Finance and Vendor Finance businesses, including related loan portfolios in the United States and Canada, to Stonepeak.
BMO’s Transportation Finance business provides specialized financing for trucks and trailers predominantly through dealer-managed relationships, and its Vendor Finance business offers equipment financing through original equipment manufacturers and their dealer networks. The combined loan and lease portfolio in the United States and Canada totals C$14.5 billion.
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2026.
The S&C team advising BMO includes Andrew Gerlach and Dylan Handelsman. Joyce Kwok and Katy Beeson are advising on financing matters. Kristen Klein and Brittney Kidwell are advising on executive compensation matters. Eric Wang and Eli Dubin are advising on tax matters. Mehdi Ansari and Elianne Neuman Schiff are advising on intellectual property matters.