Plenary Americas Completes $1.2B Acquisition of ISC

Information Services Corporation, the Saskatchewan-based data and registry services firm traded on the Toronto Stock Exchange, has officially transitioned to private ownership following the completion of its acquisition by Plenary Americas LP. The deal, structured as a statutory plan of arrangement under Saskatchewan's Business Corporations Act, 2021, valued ISC at an implied enterprise value of approximately $1.2 billion Canadian dollars.

Shareholders holding ISC's Class A Limited Voting Shares received a cash payout of CAD$51.00 per share — a straightforward exit for most investors. However, a subset of ISC's senior management negotiated equity rollover agreements, allowing them to retain a stake in the company rather than cash out entirely. That carve-out signals that leadership continuity is a priority for Plenary Americas as it integrates the company into its portfolio.

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Plenary Americas, the North American arm of the Plenary Group, specializes in long-term infrastructure investments, making ISC's government-linked registry and information services business a strategically coherent addition. ISC manages critical provincial registries — including land titles and corporate records — in Saskatchewan, assets that generate stable, recurring revenue streams well-suited to an infrastructure-focused acquirer's investment model.

The delisting of ISC from the TSX marks the end of its chapter as a public company and raises natural questions about what private ownership means for the municipalities, businesses, and individuals who rely on ISC's registry services. While the transaction terms are now settled, the longer-term story will be how Plenary Americas deploys capital within ISC and whether it pursues geographic or service-line expansion beyond Saskatchewan's borders.

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