• DEALS

    Search by

Plenary Americas acquires Information Services Corporation in $1.2 billion take-private

On May 19, 2026, Information Services Corporation announced that it had entered into an arrangement agreement with 102236027 Saskatchewan Ltd., a wholly owned subsidiary of Plenary Americas LP, pursuant to which ISC will be taken private for all-cash consideration of $51.00 per Class A Limited Voting Share, representing an enterprise value of approximately $1.2 billion. The consideration represents a 55 percent premium over ISC's unaffected closing share price on September 8, 2025, the date on which ISC announced the commencement of its strategic review of alternatives. The transaction will be implemented by way of a plan of arrangement under The Business Corporations Act, 2021 (Saskatchewan) and is expected to close in the third quarter of 2026, subject to two-thirds shareholder approval, minority shareholder approval, approval by Crown Investments Corporation of Saskatchewan as holder of the Class B Golden Share, court approval and customary regulatory clearances. The Government of Saskatchewan, through Crown Investments Corporation, has entered into a voting support agreement with respect to its approximately 29.5 percent stake (together with all ISC directors and officers) and will retain its Class B Golden Share with enhanced veto rights over the transfer of registry-related intellectual property, assets and functions, together with the right to appoint two directors to ISC's post-closing board. In late April 2026, the Government of Saskatchewan introduced amendments to the Information Services Corporation Act to facilitate the transaction. ISC will maintain its Regina headquarters, existing management team and current service standards.

Company

Information Services Corporation

Law Firm / Organization
Stikeman Elliott LLP

Company

Plenary Americas

Law Firm / Organization
Davies Ward Phillips & Vineberg LLP
Merger & Acquisition
Infrastructure
$ 1,200,000,000
Active