The Government of Saskatchewan has announced its support for the sale of the Information Services Corporation to Plenary Americas LP, a deal that is expected to generate approximately $277 million for the province. The funds from this transaction are earmarked for healthcare infrastructure projects, with more details to be shared in the coming weeks.
Under the agreement, Plenary Americas LP will acquire all Class A Limited Voting Shares of the company at $51 per share. This price represents a 55 per cent premium over the share price from September 2025. The Government of Saskatchewan, through the Crown Investments Corporation, will maintain its involvement by keeping its Class B Golden Share. This share provides the province with special oversight powers, including the right to appoint two directors and veto rights regarding the transfer of intellectual property.
Protections introduced under Bill 57, The Information Services Corporation Amendment Act 2026, are intended to ensure that the head office and associated jobs remain in Regina. The company manages vital provincial registries, including land titles, personal property, and corporate filings, with data protected under a contract that extends to 2053. Plenary Americas LP is a subsidiary of La Caisse, a major pension fund manager.
The sale has drawn varied reactions. While the provincial government supports the move, the Saskatchewan New Democratic Party has expressed opposition, arguing that the province is trading a steady stream of long-term revenue for a single one-time payment. Additionally, University of Regina economics professor Jason Childs noted that the province has opted to replace a flow of revenue with an asset, questioning the necessity of the sale given the province’s current credit standing.
The transaction, which values the company at approximately $1.2 billion, is expected to close in the third quarter of 2026. Final completion is subject to regulatory clearances, court approval, and a vote by shareholders at a special meeting expected to take place in June 2026.
