Transactions

Transactions

Overview

Acquisition of Studio City Toronto and Studio City Rentals by Sunbelt Rentals of Canada

December 02, 2022

On December 2, 2022, Studio City Toronto Inc. (“Studio City Toronto”), an iconic studio complex located in Toronto’s Port Lands, and Studio City Scaffold Ltd. (“Studio City Rentals”), a specialty equipment rental provider for the North American film and entertainment industry, were acquired by Sunbelt Rentals of Canada, Inc.

Studio City Toronto soundstages, part of the former Showline Studios built in 1988 and acquired by the City of Toronto in 2017, have played host to location shoots for Netflix’ Luckiest Girl Alive, CBC’s Strays and Kim’s Convenience, Amazon’s The Expanse, and CBS’s Rabbit Hole, starring Kiefer Sutherland. Since 2021, the complex has been home to Oscar-winning visual effects company Pixomondo and William F. White International's LED volume for virtual productions. Studio City Rentals offers rigging and scaffolding rentals for the film and entertainment industry in Toronto, Vancouver, and Los Angeles.

Wildeboer Dellelce LLP acted for Studio City Toronto and Studio City Rentals in connection with the transaction with a team comprised of Chris Partridge (M&A and Corporate/Debt Products), James Brown, Ragu Anantharajah, and Nathan Holloway (M&A and Corporate/Securities), Jonathan Born and Brendan Wu (Real Estate), and Katy Pitch and Marija Tasevska (Tax).