Desjardins to acquire Bennington Financial

Desjardins has agreed to acquire Bennington Financial , a Canadian commercial equipment leasing and financing company owned by Equitable Bank, a subsidiary of EQB Inc.

Bennington has approximately $1.1 billion in assets and operates nationally through an equipment finance broker network. The acquisition will add specialized equipment leasing and financing capabilities to Desjardins’ business services offering, supporting sectors including manufacturing, agriculture, agri-food, construction and healthcare.

Bennington will continue operating as a standalone business following the transaction.

The deal is expected to close in the first quarter of 2027, subject to regulatory approvals and customary closing conditions. Financial terms were not disclosed.

The agreement follows Desjardins’ acquisition of Guardian Capital Group, completed in March 2026.