Stonepeak has completed the acquisition of BMO Financial Group's Transportation Finance and Vendor Finance businesses in the US and Canada, launching the newly formed entity Longview. The transaction establishes a major commercial equipment finance platform with a strong North American footprint. Longview is recognized as one of the largest lenders in the commercial truck and trailer sector, while also offering tailored financing solutions across logistics, construction, agriculture, healthcare, and technology industries.
The business will operate through two distinct divisions: Longview Transportation Finance and Longview Vendor Finance. This strategic move expands Stonepeak's presence in the equipment finance market and enhances its vendor finance programmes.
Source: PE Insights · Summarized by HeadlinesBriefing