Vancouver Film Studios (VFS) has been sold to L.A.-based real estate investor Hackman Capital Partners (HCP).

Former VFS owner The McLean Group announced the acquisition Friday (June 30), which also includes affiliate companies Pacific Backlot, a lighting and grip equipment rental company, and communications service provider Signal Systems.

VFS is an independent production studio with a total of 13 soundstages, as well as construction mills and office space. Recent productions at the studio include Showtime’s Yellowjackets and the CW Network’s The Flash.

HCP, meanwhile, is the owner of the MBS Group, a network of more than 30 studios in North America and Europe.

The studio will continue to operate with its current management team, now with access to HCP’s network of studios, according to a news release. Financial terms of the sale, which closed on Friday, were not disclosed.

New York-based financial services company Jefferies LLC was the exclusive financial advisor to VFS on the transaction, said the release.

“Not only is the facility purpose-built and state of the art, but we are inheriting a management team that is among the best in the business,” said Michael Hackman, founder and CEO of HCP, in a statement.

Image courtesy of The McLean Group