Bank of Montreal sells truck and trailer financing business to Stonepeak for C$14.5B
Bank of Montreal is selling its truck, trailer, and equipment financing business to Stonepeak for C$14.5 billion.Summary
The Bank of Montreal (BMO) has agreed to sell its Transportation Finance and Vendor Finance businesses to Stonepeak, a New York-based infrastructure investment firm, for C$14.5 billion in cash. The deal, announced on May 11, 2026, will see BMO retain a 19.9% minority stake post-closing. The transaction is being financed by PGIM and arranged by Bank of America, with an expected closing in the fourth quarter of 2026, subject to regulatory approvals. This sale allows BMO to free up capital for other priorities, while the retained stake avoids full consolidation on its balance sheet. Stonepeak manages over $58 billion in assets and has been active in infrastructure investments. The cross-border nature of the deal may attract regulatory scrutiny.
(Source：Crypto Briefing)