M&A Deal Summary

BMO Acquires Radicle Group

On July 20, 2022, BMO acquired software company Radicle Group

Acquisition Highlights
  • This is BMO’s 1st transaction in the Software sector.
  • This is BMO’s 3rd transaction in Canada.
  • This is BMO’s 1st transaction in Alberta.

M&A Deal Summary
Date 2022-07-20
Target Radicle Group
Sector Software
Buyer(s) BMO
Deal Type Add-on Acquisition
Advisor(s) Citigroup Investment Banking (Financial)
Borden Ladner Gervais (Legal)

Target

Radicle Group

Calgary, Alberta, Canada
Radicle Group is a developer of an advanced software platform to measure, qualify, and aggregate greenhouse gas emissions, the company has taken root internationally to leverage data, insights, and technology to safeguard our shared tomorrow. Radicle Group was founded in 2008 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

BMO

Montreal, Quebec, Canada
Category Company
Founded 1817
Sector Financial Services
Employees55,767
Revenue 33.1B CAD (2023)
DESCRIPTION

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 incorporated in 1817 and is based in Montreal, Quebec.

DEAL STATS #
Overall 7 of 7
Sector (Software) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Alberta) 1 of 1
Country (Canada) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 BMO - EMEA Asset Management Business

London, United Kingdom

BMO's EMEA Asset Management Business accelerates Ameriprise’s strategy of growing its fee-based businesses and increasing the overall contribution of Wealth Management and Asset Management within its diversified business. BMO's EMEA Asset Management Business is based in London, United Kingdom.

Sell £615M
Mergr

Product

Company

Legal