BMO - M&A Summary and Business Overview

Financial ServicesCompany

BMO M&A Summary

BMO has acquired 7 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

BMO’s largest acquisition to date was in 2021, when it acquired Domtar for $3.0B. It’s largest disclosed sale occurred in 2021, when it sold BMO - EMEA Asset Management Business to Ameriprise Financial for $947M. BMO has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include financial services (43%) and food (15%).

BMO Business Overview

Where is BMO headquartered?

BMO is headquartered in Tornoto, Quebec.

What is BMO’s revenue?

BMO disclosed revenue of 26,259M CAD for 2022 and 26,909M CAD for 2021.

How many employees does BMO have?

BMO has 46,000 employees.

What sector is BMO in?

BMO is a financial services company.

When was BMO founded?

BMO was founded in 1817.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 2

BMO

Bank of Montreal

129 rue Saint Jacques,
Tornoto, Quebec H2Y 1L6
Canada,
(416) 867-7366
www.bmo.com

BMO is a diversified financial services provider. BMO provides a broad range of personal and commercial banking, wealth management, and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. BMO was founded in 1817 and is based in Montreal, Quebec.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 4 1 1 1 - - 7
vol $3.0B $3.0B
Sell (0.2/yr) # 1 - 1 - - - 2
vol $947M $947M
  9

Most Recent M&A

Company Date Value Type
Radicle Group, Inc. 2022-07-20 - Add-on Acquisition
Calgary, Alberta · www.radiclebalance.com
BMO - EMEA Asset Management Business 2021-11-08 947M GBP Divestiture
London, United Kingdom
Domtar Corp. 2021-05-11 3.0B USD Add-on Acquisition
Fort Mill, South Carolina · www.domtar.com
Clearpool Group, Inc. 2020-01-22 - Add-on Acquisition
New York, New York · www.clearpoolgroup.com
KGS-Alpha Capital Markets LP 2018-05-01 - Add-on Acquisition
New York, New York · www.kgsalpha.com
Le Groupe Multibar, Inc. 2015-01-01 - Trade Sale
Montreal, Quebec · www.multibar.com
Aver Media LP 2013-04-01 - Add-on Acquisition
Toronto, Ontario · www.averlp.com
Le Groupe Multibar, Inc. 2011-12-23 - Growth Capital
Montreal, Quebec · www.multibar.com
Marshall & Ilsley Corp. 2011-07-05 - Add-on Acquisition
Milwaukee, Wisconsin · www.micorp.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
BMO Financial Corp.    - Bank of the West, Inc. 2023-01-17 2
Chicago, Illinois San Francisco, California · www.bankofthewest.com
Domtar Corp. 2021-05-11 DKP Pulp ULC 2022-05-12 1
Fort Mill, South Carolina · www.domtar.com Kamloops, British Columbia
BMO Financial Corp.    - BMO Capital Markets GKST, Inc. 2015-07-20 3
Chicago, Illinois Chicago, Illinois
BMO Financial Corp.    - BMO Retirement Services 2015-06-26 2
Chicago, Illinois , United States
BMO Financial Corp.    - Citi Diners Club Inc. 2009-11-24 1
Chicago, Illinois Chicago,, Illinois
BMO Financial Corp.    - HARRISdirect LLC 2005-08-08 1
Chicago, Illinois Jersey City, New Jersey

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (43%) - 1 (50%) 947M (100%)
Food 1 (14%) - 1 (50%) -
Forest Products 1 (14%) 3.0B (100%) - -
Information Technology 1 (14%) - - -
Software 1 (14%) - - -
Total 7 $3.0B 2 $947M

By Geo

State/Country Buy Value Sell Value
Canada 3 - 1 -
  Quebec 1 - 1 -
  Ontario 1 - - -
  Alberta 1 - - -
United States 4 3.0B - -
  New York 2 - - -
  Wisconsin 1 - - -
  South Carolina 1 3.0B - -
United Kingdom - - 1 947M
Domestic 3 (43%) - 1 (50%) -
Cross-border 4 (57%) 3.0B (100%) 1 (50%) 947M (100%)
Total 7 $3.0B 2 $947M

Top M&A Advisors

Financial Deals
BMO Capital Markets
1
Legal Deals
Torys LLP
1

Deal Values

buy # Total
> $1B 1 $3.0B
TOTAL $3.0B
Largest Domtar Corp.
$3.0B (2021-05-11)
sell # Total
$100M to $1B 1 $947M
TOTAL $947M
Largest BMO - EMEA Asset Management Business
$947M (2021-11-08)

M&A Connections

Deals
Acquired from
Investor(s)
29%
2 (29%)
Divested to
Strategic(s)
100%
2 (100%)

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