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Francisco Partners to Acquire Moneris for C$2.0 Billion
August 11, 2026
Francisco Partners has agreed to acquire Canadian payments company Moneris from BMO and RBC for about C$2.0 billion, with closing expected by the end of the banks' first fiscal quarter of 2027.
Moneris and Francisco Partners announced in a press release that Francisco Partners has agreed to acquire Moneris from BMO Financial Group and RBC for cash consideration of about C$2.0 billion. BMO and RBC will each receive 50 percent of the proceeds.
The agreement includes long term referral arrangements with BMO and RBC, under which both banks will refer customers to Moneris. The transaction is subject to regulatory approvals and closing conditions, including reviews under Canada's Retail Payment Activities Act and Competition Act.
Jeff Sloan, former President and CEO of Global Payments, will join Moneris as chairman after the transaction. Moneris said it has nearly 2,000 team members in Canada and supports payments at more than 325,000 points of commerce.
The deal is expected to close by the end of the first quarter of BMO and RBC's fiscal year 2027.
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