Los Angeles-based Streamland is set to acquire Sim Video International’s post-production business, Sim Post, amid a period of vast change for the Canadian-owned company.

The deal with Streamland is expected to close in the first half of 2021 and is financially backed by Trive Capital and Five Crowns Capital. Streamland said the transaction will cause no interruption to Sim’s clients during the integration period, adding that “all employees dedicated to the Sim post-production business will be a part of the transition.”

The acquisition will expand Streamland’s footprint in L.A. and Vancouver, in addition to allowing it to branch into New York for the first time. Financial terms were not disclosed.

There have been significant changes within Sim’s ownership structure in recent months. Earlier this year, MBS, a production services provider based in the U.S., acquired Sims’ lighting and grip division, in addition to its studios operation.

While various parts of the business have been sold to MBS and Streamland, Sim’s camera division continues to be owned and operated independently by Sim. “Following the closure of this latest deal, Sim will remain committed exclusively to our camera operations,” a Sim spokesperson told Playback Daily.

For many years, Sim’s various subsidiaries, including Toronto-based Tattersall Sound & Picture and Pixel Underground, operated under independent brand names. That changed in 2017 when Sim streamlined its brand and brought its eight founding companies under the Sim umbrella and more clearly delineated its three lines of business into three segments: studios, cameras and lighting & grip.

Sim has been the subject of takeover bids and speculation in recent years. In September 2018, Saban Capital Acquisition announced it had inked a deal to acquire Sim and L.A.-based camera company Panavision. However, five months later the deal fell through, with Sim and Saban Capital Acquisition noting that the volatility of the U.S. stock market and time constraints contributed to the collapse of the agreement.

Streamland, parent company of Picture Head and Formosa, has made waves in the industry of late, most recently announcing its intention to buy Technicolor Post in January.

“The addition of Sim Post solidifies our commitment to creating an incomparable post production community that relies upon a team of talented individuals,” said Streamland Media CEO Bill Romeo in a statement.