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Or sign-in if you have an account.The sale to Caisse is slated for completion in the third quarter of the year, and shareholders’ equity will be liquidated to $51 per Class A share. Photo by Allen McInnis/MONTREAL GAZETTEAn investment firm owned by the Quebec pension fund manager La Caisse is buying a Regina-based data management service for $1.2 billion in cash.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorInformation Services Corp. announced the sale to Plenary Americas LP. on Tuesday morning, citing that the change in ownership will support its growth ambitions with “long-term, stable capital.”The Crown Investments Corp. of Saskatchewan, a provincially owned holding company, will continue to hold a 29.5 per cent stake in the company. The remaining will be owned by Plenary Americas, a long-term investor specializing in public-private partnerships and a subsidiary of Quebec institutional investor La Caisse.The sale is slated for completion in the third quarter of the year, and shareholders’ equity will be liquidated to $51 per Class A share.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe terms state that the Regina head office will be retained under the new ownership model.Information Services will also continue to be led by chief executive Shawn Peters.“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,” Peters said in a prepared statement.Information Services was initially established as a Saskatchewan Crown corporation for administering land registries in 2000. It later took on managing various public data and records for governments and the private sector.It became publicly traded on the Toronto Stock Exchange in 2013 with the province maintaining a “golden share” with the largest stake in the company.Saskatchewan passed amendments to its provincial rules on May 14 that allow it to veto any transfer of the company’s intellectual property or assets that relate to provincial registries.Questions about the future of Information Services started swirling in March 2025 when shareholder Plantro Ltd. pushed for a refreshed board to lead the company. Days later, Information Services urged shareholders to reject Plantro’s offer to buy up stocks at $27.25 per share, calling it “unsolicited and coercive.”In September, the company started a strategic review to identify what paths would maximize shareholder value, including asset divestments, acquisitions, transformative business combinations or selling the business.The same committee of independent directors on the strategic review unanimously approved the takeover sale.Information Services, now three years into a five-year growth plan, intends to double its size.Plenary Americas’s chief executive Brian Budden said the company plans to expand the services into new jurisdictions in Canada and the U.S.“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,” he said.Information Services released its first quarter results on May 15 with net income up at $9.2 million from $7.5 million in the same period last year. The company attributed the performance to Saskatchewan’s favourable real estate market driving its land registries segment.The company cancelled its Tuesday morning earnings call with investors.The Saskatoon Star Phoenix has created an Afternoon Headlines newsletter that can be delivered daily to your inbox so you are up to date with the most vital news of the day. Click here to subscribe. With some online platforms blocking access to the journalism upon which you depend, our website is your destination for up-to-the-minute news, so make sure to bookmark thestarphoenix.com and sign up for our newsletters so we can keep you informed. Click here to subscribe. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.