Plenary Americas Completes $1.2B Acquisition of ISC
Plenary Americas LP has finalized its takeover of Information Services Corporation, paying CAD$51.00 per share in a deal valued at roughly $1.2 billion.
Plenary Americas LP completed its acquisition of Information Services Corporation (TSX: ISC) on Monday, finalizing a statutory plan of arrangement under Saskatchewan's Business Corporations Act, 2021 that values the Regina-based company at an implied enterprise value of approximately $1.2 billion.
Under the terms of the deal, ISC shareholders received CAD$51.00 in cash for each Class A Limited Voting Share they held. A narrow exception applied to certain senior management members who entered into equity rollover agreements, allowing them to retain an ownership stake in the company rather than receiving the full cash payout.
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The transaction marks a significant ownership transition for ISC, a publicly traded provider of registry and information services that has long operated as a key data services infrastructure company in Saskatchewan. By going private under the Plenary Americas umbrella, ISC exits the Toronto Stock Exchange after years as a listed entity.
Plenary Americas, the North American arm of the global infrastructure investment and asset management group Plenary Group, has been expanding its footprint across essential services and infrastructure assets. The acquisition of ISC aligns with that broader strategy of acquiring stable, government-adjacent service businesses with predictable cash flows.
The closing of the transaction delivers immediate liquidity to public shareholders at a defined premium while preserving continuity for ISC's operations and leadership team through the rollover arrangements. Continue reading at GlobalNewswire.
