Plenary Americas Closes $1.2B Acquisition of ISC
Information Services Corporation is now privately held after Plenary Americas completed its CAD$51/share buyout, valuing ISC at roughly $1.2 billion.
ISC shareholders just cashed out. Information Services Corporation, the Saskatchewan-based data and registry services company traded on the TSX, has been taken private after Plenary Americas LP wrapped up its acquisition through a statutory plan of arrangement under Saskatchewan's Business Corporations Act.
If you held Class A Limited Voting Shares, you're getting CAD$51.00 per share in cold, hard cash. No waiting, no earnouts — just a clean exit at a fixed price. The deal pegs ISC's total implied enterprise value at approximately $1.2 billion, a number that frames exactly how Plenary Americas sized up the business.
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There's one carve-out worth knowing: certain members of ISC's senior management team aren't taking the cash. They signed equity rollover agreements, meaning they're keeping skin in the game and retaining an ownership stake in the now-private company. That's a classic signal that insiders believe there's more value to unlock on the other side of the public markets.
For retail investors who rode ISC on the TSX, the story ends here. The shares are done trading, and the company moves entirely into Plenary Americas' hands. Plenary Americas is a well-capitalized infrastructure-focused investment platform, and ISC's government registry and data services business fits squarely in that kind of long-duration, stable-cash-flow portfolio. Don't expect this one back on a public exchange anytime soon.
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