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On June 19, 2025, BMO Financial Group (“BMO”) and Burgundy Asset Management Ltd. (“Burgundy”) announced the signing of a definitive agreement for BMO to acquire Burgundy for a purchase price of approximately C$625 million.
Burgundy’s acquisition will be an expansion of BMO Wealth Management, strengthening BMO's offering in the Canadian Investment Counsel space catering to high-net-worth and ultra-high-net-worth clients.
The transaction was completed on November 3, 2025.
Parties
Bank
BMO Financial Group
Bank
Burgundy Asset Management Ltd.
Deal Type
Merger & AcquisitionIndustry
Banking/FinanceTransaction
$ 625,000,000Deal Status
ClosedClosing Date
03 November 2025