Plenary Americas has completed its acquisition of Information Services Corporation (ISC), marking the successful close of a previously announced transaction valued at approximately CAD$1.2 billion. The acquisition was carried out through a wholly owned subsidiary of Plenary Americas under a statutory plan of arrangement in Saskatchewan, with ISC shareholders receiving CAD$51.00 per Class A Limited Voting Share in cash, subject to certain equity rollover arrangements involving senior management. Following the completion of the deal, ISC's shares will be delisted from the Toronto Stock Exchange, and the company will seek to cease being a reporting issuer under Canadian securities laws.
The transaction represents Plenary Americas' entry into the registry and information management services sector, adding a well-established Canadian business to its infrastructure portfolio. ISC will continue to operate from its headquarters in Regina, Saskatchewan, maintaining its Registry Operations, Services and Technology Solutions businesses. Backed by Plenary Americas' long-term investment approach and global infrastructure expertise, ISC is expected to benefit from additional capital to accelerate innovation, enhance technology capabilities, and pursue strategic growth opportunities while continuing to deliver secure and reliable services to customers.
As part of the transition, ISC's existing board members have stepped down, with Plenary Americas appointing a new board of directors. In line with commitments made during the transaction, the Government of Saskatchewan has also appointed two directors to ensure provincial interests remain represented at the board level. Company executives from both organisations described the acquisition as the beginning of a new chapter that combines ISC's strong operational track record with Plenary Americas' expertise in long-term infrastructure investment, positioning the business for sustained growth while preserving its Saskatchewan roots and commitment to customer service.
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