Saskatchewan’s Information Services Corporation (ISC) announced Tuesday it has entered into a $1.2 billion purchase agreement with a major investment firm.
The transaction between the former Crown corporation and Plenary Americas LP is expected to close in the third quarter of 2026.
According to the announcement, the Government of Saskatchewan will maintain its stake in the company with “enhancements and additional benefits” that include veto rights in respect to ISC’s intellectual property and any assets connected with operating Saskatchewan registries.
The province, through the Crown Investments Corporation (CIC), will have a right to appoint two members of ISC’s board of directors.
In late April, the Government of Saskatchewan introduced several amendments to the Information Services Corporation Act, which allowed for several of the deal’s aforementioned provisions.
The deal will also ensure that ISC’s head office will remain headquartered in Regina and claims to not change the way it serves Saskatchewan residents.
The company said the deal will build on the brand’s relationship with the province by “preserving jobs and creating economic activity” within Saskatchewan.
“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,” ISC president and CEO Shawn Peters said in a news release.
“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.”
Established in 2000 as the Saskatchewan Land Information Services Corporation, the organization was given the role of administrating the province’s land registry and land survey.
After numerous expansions, ISC transitioned to a publicly traded company in 2013. The province, through the CIC, owns around 30 per cent of ISC’s stock in a “Golden Share.”
Plenary Americas LP is owned by La Caisse, Canada’s second-largest public pension fund manager. La Caisse is headquartered in Quebec City.
Plenary Americas LP is headquartered in Toronto with locations in Vancouver, Denver, Los Angeles and Tampa.
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Correction
A previous version of this story listed Plenary Americas LP as a U.S. based company. Plenary Americas LP is headquartered in Toronto, Ont. and owned by Quebec-based La Caisse.
