BMO Mergers and Acquisitions Summary

Financial ServicesCompany

BMO has acquired 7 companies, including 4 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 forest products (15%).

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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 ≤ '18 '19 '20 '21 '22 '23 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 - Add-on Acquisition
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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