Information Services Corp. has agreed to be acquired by La Caisse, through a subsidiary, in an all-cash transaction valued at approximately $1.2 billion, taking the Regina-based registry and information management company private.

Under the agreement, shareholders of Information Services Corporation will receive $51 per Class A limited voting share, representing a 55-per-cent premium to the company’s unaffected closing share price before it launched a strategic review in September 2025. The transaction is expected to close in the third quarter of 2026.

The purchaser, 102236027 Saskatchewan Ltd., is wholly owned by Plenary Americas, which is principally owned by La Caisse.

ISC said the Saskatchewan government will retain its class B golden share through Crown Investments Corporation of Saskatchewan, preserving enhanced veto rights over transfers of registry-related intellectual property, assets and functions. The province has supported the deal and will also continue to appoint two directors to ISC’s board, while registry data will remain the property of the Saskatchewan government.

“Over the course of a comprehensive strategic review, the special committee evaluated a wide range of alternatives with a view to maximizing value for shareholders, while securing ISC’s future as a Saskatchewan-based company,” said Dion Tchorzewski, chair of the special committee. “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 that has, together with all ISC employees, built this company into what it is today.”

ISC president and CEO Shawn Peters said the deal validates the company’s growth strategy and provides additional capital to expand the business.

“ISC has built a strong, resilient business that has consistently delivered for our stakeholders, running the registries that underpin Saskatchewan’s economy and delivering critical services to other customers across the country and internationally,” Peters said. “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.”

Brian Budden, president and CEO of Plenary Americas, said the acquisition aligns with the infrastructure investor’s long-term investment strategy.

“We see a strong alignment between Plenary Americas’ long-term approach to developing and investing in essential infrastructure and ISC’s proven capabilities in delivering critical public registry services and technology as well as complementary services to banks, law firms, and other financial and legal customers,” Budden said. “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.”

ISC said it will maintain its Regina headquarters and continue operating independently from other Plenary Americas portfolio companies. The company also said the transaction is expected to create new hiring opportunities in Saskatchewan and other offices.

The arrangement agreement includes a $55-million termination fee payable by ISC in certain circumstances and a $66-million reverse termination fee payable by the purchaser if the transaction fails to close under specified conditions. The transaction is not subject to financing conditions.

The deal requires approval from two-thirds of shareholder votes cast at a special meeting expected in June 2026, along with approval from minority shareholders and Crown Investments Corporation as holder of the golden share.

ISC provides registry and information-management services for public data and records through registry operations, services and technology solutions businesses.

Plenary Americas is a developer, investor and manager of public infrastructure projects across North America. La Caisse is a long-term institutional investor with more than US$330 billion in net assets.

Photo: ISC