Saskatchewan to sell Crown registry corporation for $1.2 billion, netting province $277 million for health infrastructure
The Saskatchewan government announced Tuesday it will sell Information Services Corporation (ISC), the Crown corporation that manages the province’s land titles, business filings, and property registries, to a subsidiary of Plenary Americas — an infrastructure investment arm of Quebec’s Caisse de dépôt et placement du Québec — in an all-cash deal valued at approximately $1.2 billion.
The province expects to receive roughly $277 million from the transaction before fees and closing costs, with proceeds earmarked for health-care infrastructure. Further details are expected within the coming week.
A premium price for a province-wide registry
Plenary Americas will acquire 100 per cent of ISC’s Class A Limited Voting Shares — including those held by the Crown Investments Corporation of Saskatchewan (CIC) — at $51 per share. That price represents a 55 per cent premium over ISC’s unaffected closing share price before the company launched its strategic review in September 2025.
ISC’s board of directors and a special committee of independent directors unanimously approved the deal. The special committee reviewed outreach to a broad pool of potential buyers and evaluated multiple acquisition proposals before selecting Plenary Americas.
“The agreement delivers value for shareholders while preserving ISC’s Saskatchewan roots,” said Dion Tchorzewski, chair of the special committee.
What ISC does — and what changes
Every parcel of farmland and every property with a home or business in Saskatchewan is registered through ISC. The Regina-based company also provides registry technology and information management services across Canada and internationally.
Under the terms of the sale, ISC’s headquarters will remain in Regina. The provincial government will retain its Golden Share in the corporation — a mechanism that gives the government authority to ensure the company’s property and head office stay in Saskatchewan.
Crown Investments Corporation Minister Jeremy Harrison endorsed the transaction. CIC, as ISC’s largest shareholder, has committed to vote its shares in favour of the deal.
Timeline and approvals
The transaction is expected to close in the third quarter of 2026, pending shareholder, court, and regulatory approvals.
ISC was taken public by the Saskatchewan government in 2013. Plenary Americas is an infrastructure investment vehicle of La Caisse, Canada’s second-largest public pension fund manager.
