Information Services Corporation announced that it has entered into an agreement to be acquired by Plenary Americas in an all-cash transaction valued at approximately $1.2 billion enterprise value.
Under the agreement, shareholders of ISC will receive $51.00 in cash per share, representing a 55% premium over the company’s unaffected closing share price prior to the announcement of its strategic review process in September 2025. The transaction is expected to close in the third quarter of 2026.
ISC said the acquisition will provide the company with long-term capital support while maintaining its headquarters in Regina, Saskatchewan. The company also emphasized that it will continue operating independently, preserve its existing management team, and maintain current service standards, pricing protections, and data residency commitments tied to Saskatchewan registry operations.
The Saskatchewan government’s Class B Golden Share will remain in place through Crown Investments Corporation of Saskatchewan, including enhanced veto rights related to intellectual property and registry assets as well as the ongoing right to appoint two directors to ISC’s board.
ISC launched its strategic review process in September 2025 to evaluate options for maximizing shareholder value, including potential divestitures, acquisitions, business combinations, or a sale of the company. According to ISC, the review process involved outreach to a broad group of buyers and resulted in multiple acquisition proposals, with Plenary Americas’ offer ultimately selected as the preferred outcome.
The company stated that the transaction received unanimous approval from both a special committee of independent directors and ISC’s Board of Directors, with government-appointed directors abstaining from the vote. RBC Capital Markets and National Bank Capital Markets each provided fairness opinions supporting the financial fairness of the consideration for shareholders, excluding certain rollover shareholders and Crown Investments Corporation of Saskatchewan.
ISC also disclosed that President and CEO Shawn Peters and several members of senior management have agreed to roll over equity interests into the private company following the close of the transaction.
The transaction has received support and voting agreements from Crown Investments Corporation of Saskatchewan along with all ISC directors and officers, representing approximately 29.5% of outstanding shares.
The acquisition remains subject to shareholder approval, court approval, regulatory clearances, and other customary closing conditions. ISC shareholders are expected to vote on the transaction at a special meeting anticipated for June 2026.
Founded in Regina, Saskatchewan, ISC provides registry and information management services focused on public records, registry operations, and technology solutions. Plenary Americas specializes in long-term public infrastructure investments and is principally owned by La Caisse, formerly known as CDPQ.
KEY QUOTES:
“Over the course of a comprehensive Strategic Review, the Special Committee evaluated a wide range of alternatives with a view to maximizing value for shareholders, while securing ISC’s future as a Saskatchewan-based company. This transaction achieves all our objectives by delivering immediate value for shareholders and positioning ISC to continue its growth, all while remaining headquartered in Regina, governed by the same regulatory protections, and led by the same management team that has, together with all ISC employees, built this company into what it is today.”
Dion Tchorzewski, Chair of the Special Committee
“ISC has built a strong, resilient business that has consistently delivered for our stakeholders, running the registries that underpin Saskatchewan’s economy and delivering critical services to other customers across the country and internationally. This transaction recognizes the success of our strategy to date while leveraging a future capital structure to accelerate our growth through Plenary’s long-horizon commitment, ensuring the Company’s continued success for customers and employees.”
Shawn Peters, President and CEO, ISC
“We see a strong alignment between Plenary Americas’ long-term approach to developing and investing in essential infrastructure and ISC’s proven capabilities in delivering critical public registry services and technology as well as complementary services to banks, law firms, and other financial and legal customers. We look forward to working with the ISC team on growth strategies while preserving the company’s legacy and role as a trusted service provider.”
Brian Budden, President & CEO, Plenary Americas
