REGINA — Information Services Corporation has agreed to be acquired by Plenary Americas LP in an all-cash transaction valued at approximately $1.2 billion, a major deal that will keep the company headquartered in Regina while positioning it for future expansion across Canada and the United States.
The announcement was made Tuesday in a series of news releases issued by ISC, the Government of Saskatchewan and Plenary Americas.
Under the agreement, shareholders will receive $51 in cash per share, representing a 55 per cent premium over ISC’s unaffected closing share price before the company launched its strategic review process in September 2025.
ISC said the transaction is expected to close in the third quarter of 2026, pending shareholder, court and regulatory approvals.
The Regina-based company operates Saskatchewan’s land titles, corporate and personal property registries and provides registry technology and information management services across Canada and internationally.
The company’s Class B Golden Share, which is indirectly owned by the Government of Saskatchewan through Crown Investments Corporation of Saskatchewan, will remain in place following the transaction.
The province said the strengthened Golden Share protections ensure ISC’s intellectual property, registry operations, head office functions and associated jobs remain in Saskatchewan.
The government also confirmed Saskatchewan registry data will continue to remain under provincial ownership and existing fee structures and data protection standards will remain governed by the long-term master service agreement that runs until 2053.
“We have been clear that we will only support a transaction that is in the best interests of Saskatchewan people,” Minister of Crown Investments Corporation for the province Jeremy Harrison said in a news release.
“In reviewing what ISC has announced, it is clear that this transaction will provide significant benefits to various stakeholders, including shareholders, while positioning the company for growth right from its Regina headquarters.”
The province said it expects to receive approximately $277 million from the sale of its shares before fees and closing costs. Government officials stated the proceeds will be directed toward future health care infrastructure projects, with additional details expected in the coming weeks.
ISC launched its strategic review in September 2025 to explore options aimed at maximizing shareholder value, including possible acquisitions, asset sales, business combinations or a complete sale of the company.
According to the company, the review process involved outreach to a broad pool of potential buyers and multiple acquisition proposals before Plenary Americas was selected.
ISC’s board of directors and a special committee of independent directors unanimously approved the transaction.
Special committee chair Dion Tchorzewski said in a news release that the agreement delivers value for shareholders while preserving ISC’s Saskatchewan roots.
“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,” Tchorzewski stated.
ISC president and CEO Shawn Peters will remain in his role after the transaction closes alongside the company’s existing senior leadership team.
Peters said the agreement recognizes the company’s long-term strategy while providing additional capital to support expansion.
“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,” Peters said in a news release.
Plenary Americas said it plans to use ISC as a platform for expanding registry and regulatory-related services into additional jurisdictions while continuing to grow its existing operations.
The infrastructure investment company specializes in long-term public infrastructure partnerships and is principally owned by La Caisse, formerly known as CDPQ, one of Canada’s largest pension fund managers with more than US$330 billion in net assets.
Plenary Americas president and CEO Brian Budden said the acquisition aligns with the company’s focus on long-term infrastructure and government service investments.
“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,” Budden said in a news release.
The transaction will require approval from ISC shareholders at a special meeting expected to take place in June.
If approved, ISC shares will eventually be delisted from the Toronto Stock Exchange and the company will transition to private ownership.
