Moneris announces acquisition by Francisco Partners

Francisco Partners has announced a definitive agreement to acquire Moneris Solutions Corporation for approximately C$2.0 billion. The transaction, which is subject to customary regulatory approvals and closing conditions, will see the Bank of Montreal (BMO) and Royal Bank of Canada (RBC) each receiving a 50 percent share of the proceeds. This acquisition, revealed on August 10, 2026, underscores Francisco Partners' commitment to investing in technology-driven companies within the payments and commerce solutions sector.

Moneris Solutions Corporation is a prominent player in the Canadian payments landscape, providing a range of commerce solutions to businesses across the country. Established over two decades ago, Moneris has built a reputation for delivering secure and innovative payment solutions that cater to the evolving needs of Canadian businesses. With nearly 2,000 employees and a robust technology infrastructure based in Canada, Moneris has positioned itself as a trusted partner in the payments ecosystem. The acquisition by Francisco Partners is expected to enhance Moneris' operational capabilities and accelerate its growth strategy, leveraging FP's extensive experience in the fintech sector.

Francisco Partners specializes in technology investments and has a proven track record of supporting the growth of companies in the payments industry. The firm’s portfolio includes notable investments in companies such as Hypercom, Paymetric, and Verifone, reflecting its expertise in scaling technology-enabled businesses. The addition of Moneris to its portfolio aligns with Francisco Partners' strategy to invest in companies with strong market positions and growth potential. Furthermore, the appointment of Jeff Sloan, former President and CEO of Global Payments Inc., as Chairman of Moneris, is anticipated to bring valuable industry insights and leadership to the company.

The long-term referral agreements established between Moneris and its former owners, BMO and RBC, will ensure continuity and collaboration moving forward. These agreements will allow both banks to exclusively refer customers to Moneris, reinforcing the company’s status as a key player in the Canadian commerce landscape. This arrangement not only reflects the confidence that BMO and RBC have in Moneris but also provides a solid foundation for future growth and innovation.

The broader market implications of this transaction highlight the ongoing evolution of the payments sector, particularly in Canada. As businesses increasingly seek advanced payment solutions to navigate a rapidly changing digital economy, the acquisition positions Moneris to capitalize on emerging opportunities. With Francisco Partners' backing, Moneris is expected to enhance its technology offerings and expand its market presence, ultimately benefiting Canadian businesses and consumers alike. The transaction signals a robust outlook for the payments industry, as investment in innovation and technology continues to drive growth and transformation in the sector.