The infrastructure arm of Caisse de dépôt et placement du Québec, Plenary Americas LP, has announced a definitive agreement to acquire Canadian database company Information Services Corp. (ISC) in a transaction valued at $1.2 billion. The deal will take ISC private, offering shareholders $51 in cash per share.
ISC, which manages land titles and business registrations primarily in Saskatchewan, saw its shares rise 8.8 percent in Toronto trading to $50.58 following the announcement. The purchase price represents a 55 percent premium over ISC's closing share price before the company disclosed a strategic review of alternatives on September 8. That review came after months of pressure from activist investor Plantro Ltd., which had been pushing for board changes to enhance shareholder value.
Details of the Transaction
In a statement released on Tuesday, Plenary Americas confirmed the offer, which is expected to close in the third quarter of 2026. ISC's board retains the ability to consider unsolicited proposals from third parties during the process. The company's CEO, Shawn Peters, will continue to lead ISC after the deal closes.
“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,” Peters said in the statement.
Government Stake and Enhancements
Crown Investments Corp., the holding company of the Saskatchewan government, currently owns 29 percent of ISC, according to data compiled by Bloomberg. Following the sale, those shares will continue to be held by the corporation “with enhancements and additional benefits,” the statement noted.
The transaction underscores the growing interest in data management and digital records systems. In August 2025, ISC announced a contract to build a digital records system for Ontario’s environment ministry. The company also serves a global client base, providing critical data infrastructure services.
The deal is subject to customary closing conditions, including regulatory approvals. ISC's strategic review had been initiated to explore options to maximize shareholder value, culminating in this agreement with Plenary Americas.
