Stonepeak Completes Acquisition of BMO's Transportation Finance Units
The Facts -
- Stonepeak acquires BMO's finance businesses, launching Longview Capital.
- Longview provides tailored financing across diverse industries in North America.
- Longview remains customer-focused with no major operational changes planned.
Stonepeak Finalizes Acquisition, Launches Longview Capital Solutions
Amidst a strategic move to enhance its infrastructure investments, Stonepeak has successfully acquired BMO Financial Group's Transportation Finance and Vendor Finance divisions. This acquisition includes operations across both the United States and Canada, setting the stage for the formation of Longview Capital Solutions, a newly independent entity.
Longview stands as a significant player in the commercial equipment finance sector, particularly in North America. Known for its extensive industry experience, Longview offers tailored financial solutions covering a wide range of sectors including transportation, logistics, construction, agriculture, healthcare, and technology. The company operates primarily through its specialized divisions, Longview Transportation Finance and Longview Vendor Finance.
"The launch of Longview marks the beginning of an exciting new chapter for our company," expressed Gary Kempinski, Chief Executive Officer at Longview. "The Longview brand reflects our mission to help customers move their businesses forward through fast, easy, and secure financing solutions. While our name is changing, our commitment remains the same. We will continue delivering the responsive service, industry expertise, and financing solutions our customers depend on while pursuing new opportunities for growth as an independent company."
With a commitment to sustaining Longview's growth trajectory, Stonepeak is dedicated to furthering investments in the company's capital solutions, technology, and capabilities. Will Schleier, Senior Managing Director at Stonepeak, affirmed, "Stonepeak is excited to support Longview, and we and the management team will continue to invest in its capital solutions, technology, and capabilities while preserving the customer-focused culture that has been instrumental to the Company’s success."
During this transition to independence, Longview’s customers will experience continuity in their services; they will engage with the same teams and utilize existing systems. BMO will continue to handle current and future loans under a transition services arrangement, ensuring a seamless experience for all clients and partners throughout this phase.
About Longview Capital Solutions
Longview Capital Solutions leads the commercial equipment finance domain, delivering tailored financial products to customers across North America across sectors like transportation, construction, and healthcare. Backed by Stonepeak, Longview focuses on driving business progress with innovative financing and expert service. More information is available at longviewcapitalsolutions.com.
About Stonepeak
With approximately $98 billion in assets under management, Stonepeak is a premier alternative investment firm specializing in infrastructure. The company focuses on defensive, hard-asset businesses to ensure sound investments with strong risk-adjusted returns. For further information, visit www.stonepeak.com.
Media Contacts
Stonepeak
Maya Brounstein
publicaffairs@stonepeak.com
+1 (212) 907-5100
Longview Capital Solutions
Robert Walker
robert.walker5@bmo.com
214-492-4550
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