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Thursday 21 February 2019
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11 Feb 2019
AEG Facilities and SMG merge to create global venue management business

AEG Facilities and SMG have revealed plans to merge, creating a standalone global facility management and venue services company which will operate under the name ASM Global.

AEG Facilities the venue management subsidiary of Anschutz Entertainment Group (AEG), the worldwide sporting and music entertainment giant and one of the world's largest owners of sports teams and sports events.

SMG is a stadium and sports arena manager owned by Canadian private equity group Onex.

The deal will see Onex and AEG each own 50 per cent of ASM Global.

The newly created company will be headquartered in Los Angeles, California, with key operations also based in Philadelphia, Pennsylvania.

The company will operate AEG's and SMG's diversified portfolio of arenas, stadiums, convention centres and performing arts centrws.

In total, the estate will have more than 310 venues across five continents.

High profile venues to be operated by ASM Global will include the Barclays Center in New York, US; AT&T Center in San Antonio, US; Dubai Arena in the UAE; Ericsson Globe in Stockholm, Sweden and the Suncorp Stadium in Brisbane, Australia.

“This merger is a major step for our industry," said Wes Westley, CEO and president of SMG.

"We plan to accelerate innovation by combining our expertise to deliver increased value and offer enhanced capabilities to municipalities and venue owners worldwide.

"At the same time, we expect that this transaction will offer employees at both our corporate headquarters and field operations tremendous new opportunities.”

Bob Newman, president of AEG Facilities, added: This exciting new company brings together the two organisations and draws upon the depth of our combined talent and resources to create an organisation that will deliver value and long-term success, as well as innovative services to our clients around the world.”

Newman will become president and CEO of ASM, while Westley will join ASM’s board of directors.

AEG will retain ownership of its real estate holdings outside of the new venture, including its entertainment districts and owned venues in Los Angeles, London, Hamburg and Berlin. It will also retain its development, sports, music and sponsorship divisions.

Onex is contributing its entire equity investment in SMG into the merger. The transaction is expected to be completed later this year subject to regulatory approvals.


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19 Feb 2019
Elevate and ukactive tie the knot to strengthen event seminar programme
ukactive has signed a three-year partnership with physical activity trade show Elevate.
14 Feb 2019
IAAPA winter forum addresses crisis issues
Crisis management and public relations were mixed with water and wildlife as more than 60 attractions industry professionals from 14 countries attended trade association IAAPA’s EMEA Winter Forum in the Canary Islands, Spain, at the end of January 2019.
14 Feb 2019
Speakers announced for Women in Wellness event
The Women in Wellness Leadership Conference, set to take place on 12 March in New York City, has announced a host of speakers designed to motivate attendees and galvanise them to take charge of their careers and lead with confidence.
11 Feb 2019
Tokyo 2020 medals to be made from salvaged metals from recycled electronic devices
All medals at the Tokyo 2022 Olympic and Paralympic Games will be made from recycled electronic devices – such as discarded mobile phones, digital cameras, laptops and other handheld devices.
08 Feb 2019
Seven sports secure UK Sport funding to help with Tokyo 2020 plans
Seven sports will receive extra funding to support their plans for the Tokyo 2020 Olympic and Paralympic Games.
08 Feb 2019
Bryan Williams to receive the ISPA Dedicated Contributor Award
Dr Bryan Williams will be the recipient of the 2019 ISPA Dedicated Contributor Award. Williams is an international speaker and author who first spoke to ISPA members in 2006 and focuses on service excellence and leadership effectiveness.
05 Feb 2019
Chris Evans launches RunFestRun event
Radio DJ and media personality Chris Evans has launched a new running and music festival.
31 Jan 2019
2021 Rugby League World Cup venues revealed – Old Trafford to host finals day
Old Trafford in Manchester will host the "finals day" of the 2021 Rugby League World Cup (RLWC2021).
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Diary dates
24-25 Feb 2019
International Manufacturers & Distributors Forum
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(IWF Shanghai 2019) Int'l Health, Wellness, Fitness Expo
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China (Wuhan) Int’l Game and Amusement Fair (GAF 2019)
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International Esthetics, Cosmetics & Spa Conference New York
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Women in Wellness Leadership Conference
tbc
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SAPCA Annual Conference, Awards and Annual Dinner
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Asia Pacific Spa & Wellness Coalition Round Table
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FIT Summit
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