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Tuesday 20 August 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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12 Aug 2019
Beijing 2008 legacy has 'inspired millions' – will dovetail with 2022 Winter Games
The Beijing 2008 Olympic Games has resulted in a 'massive increase' in sports participation among the Chinese population.
09 Aug 2019
Own the Ride looks to inspire more people to take up cycling ahead of UCI world championships
A legacy campaign looks to utilise the forthcoming 2019 UCI Road World Championships and attract more people to take up cycling.
07 Aug 2019
MPs to press cricket chiefs over World Cup legacy plans
Members of Parliament will quiz cricket chiefs over their plans to capitalise on England's recent World Cup triumph.
05 Aug 2019
ukactive National Summit to position physical activity as critical to health policy
This year's ukactive National Summit will discuss plans to shape the future of public health, the workplace and the high street.
02 Aug 2019
FIFA to expand Women's World Cup to 32 teams
The success of the recent Women's World cup – and the resulting increase in interest in women's football – has led the world governing body FIFA to expand the number of teams taking part in the tournament from 24 to 32.
01 Aug 2019
ISPA to host Talent Symposium and Resource Partner Summit in 2020
The International SPA Association (ISPA) has announced the addition of the ISPA Talent Symposium and ISPA Resource Partner Summit, taking place 14-15 April 2020 at The Ritz-Carlton, Bacara in Santa Barbara, California.
01 Aug 2019
Kristen Bell to speak at Bold 2019
Digital wellness platform Mindbody has announced that actress and entrepreneur Kristen Bell will deliver a keynote speech at the 2019 edition of its Bold conference.
31 Jul 2019
FHT reveals details of 2019 conference
The Federation of Holistic Therapists (FHT) has released details of this year's conference, which will take place on 29 November at The King's Fund in London's Cavendish Square, and will focus on research, best practice and positive body image.
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