Moneris Partners with Francisco to Propel Canadian Commerce Forward

On August 10, 2026, Moneris Solutions Corporation, a recognized leader in Canadian commerce solutions, declared its upcoming acquisition by Francisco Partners, a distinguished global investment firm focused on technology partnerships. This announcement signifies a pivotal moment for Moneris as it aims to escalate its innovation and efficiency in servicing Canadian businesses.

The transaction, which is approximated at C$2.0 billion, will see Moneris acquired from its previous owners, Bank of Montreal (BMO) and Royal Bank of Canada (RBC), each holding equal stakes. This strategic move not only emphasizes Moneris' standing as a trusted payments partner in Canada but also secures long-term referral agreements with BMO and RBC, ensuring continuity and stability in customer relationships.

Francisco Partners brings extensive expertise to the table, particularly in the fintech and payments sector, coupled with a strong history of fostering technological advancement in companies across the globe. Their illustrious portfolio boasts investments in successful entities such as Hypercom and Paymetric, underscoring their commitment to operational excellence. With this influx of resources and knowledge, Moneris is positioned to accelerate its future growth and innovation trajectory.

As part of this new chapter, former President and CEO of Global Payments Inc., Jeff Sloan, will assume the role of Chairman at Moneris. Sloan’s vast experience and esteemed reputation in the payments industry will be invaluable to Moneris as it navigates this transition.

James Hicks, President and CEO of Moneris, expressed enthusiasm regarding the partnership, asserting that it places Moneris in an advantageous position to expand its ambitious strategy. The company’s endeavor to enhance its offerings and support for Canadian businesses remains steadfast, despite the ownership change.

This acquisition arrives at a crucial juncture as the payments landscape continues to evolve. Both BMO and RBC articulated their continued commitment to Moneris and the shared vision that has fostered strong relationships over the years. The ongoing referral agreements affirm the confidence these institutions have in Moneris’ ability to deliver trusted solutions to their clients.

In view of its impressive track record, Moneris has empowered businesses to modernize their operations and connect with a wider consumer base through innovative payment solutions. It operates over 325,000 points of commerce across Canada, reflecting its market prevalence. Moneris boasts a comprehensive suite of offerings including e-commerce solutions, point-of-sale systems, and business intelligence tools, buttressed by unparalleled 24/7 customer support.

From its headquarters in Toronto, along with offices in other major cities, Moneris’s unwavering focus on community and customer service will remain unchanged. This is a testament to its commitment to maintaining a robust Canadian identity while striving to lead in the payments solution sector.

Peter Christodoulo from Francisco Partners praised Moneris, recognizing its strong brand and technological capabilities in navigating the demands of modern commerce. He noted that the partnership aims to cultivate long-term growth while upholding the core values that have contributed to Moneris’ success.

As this transaction awaits standard regulatory approvals and conditions, it stands clear that the future is bright for Moneris under Francisco Partners’ stewardship. The anticipated closing of this deal is projected by the end of the first quarter of BMO and RBC's fiscal year 2027, with advisory firms already engaged to ensure a seamless transition.

In summary, the acquisition of Moneris by Francisco Partners marks a significant evolution in the Canadian commerce landscape, promising greater innovation and opportunities for businesses across the nation. With a steadfast commitment to its customers and partners, Moneris is poised to continue empowering Canadian commerce in unprecedented ways.