Plenary Americas Completes $1.2B Acquisition of ISC
Plenary Americas has finalized its takeover of Information Services Corporation, paying CAD$51.00 per share in a deal valuing ISC at roughly $1.2 billion.
Plenary Americas LP has closed its acquisition of Information Services Corporation (TSX: ISC), the Regina, Saskatchewan-based company announced Monday, marking the end of a publicly traded chapter for one of Canada's leading registry and information services providers. The deal was executed through a statutory plan of arrangement under Saskatchewan's Business Corporations Act, 2021, with a wholly-owned Plenary Americas subsidiary taking over ISC.
Under the terms of the transaction, ISC shareholders received cash consideration of CAD$51.00 per Class A Limited Voting Share, delivering a straightforward cash exit for most investors. The all-in deal valued ISC at an implied enterprise value of approximately $1.2 billion, reflecting the strategic premium Plenary Americas placed on the company's established position in registry and data services.
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Not every ISC insider walked away with cash, however. Certain senior management members entered into equity rollover agreements, allowing them to retain a continuing ownership stake in the company rather than receiving the CAD$51.00 per-share payout. That structure aligns leadership incentives with Plenary Americas' long-term ownership goals and signals confidence in ISC's future performance under private ownership.
Plenary Americas, the North American arm of a global infrastructure investment and management firm, adds ISC to a portfolio built around essential services and long-term assets. The acquisition underscores growing institutional appetite for data and registry infrastructure, which generates durable, recurring revenue streams that appeal to infrastructure-focused investors with patient capital horizons.
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