Who bought out SMG?

Asked by: Joel Filloon

SMG was bought by American Capital in 2007 for US$631 million, and American Capital was sold to Ares Management in January 2017. Ares Management sold SMG to Onex Corporation in 2017. In October 2019, SMG and AEG Facilities merged to make a new company called ASM Global.

Who did SMG merge with?

AEG Facilities

The merger between Onex-owned venue management services company SMG and AEG Facilities, the venue management subsidiary of sports and entertainment giant AEG, has been completed, the two companies announced today (Tuesday).

Who is SMG management?

SMG is an enterprise-level experience management (XM) provider that offers a software with a service (SwaS) solution—uniquely combining technology with hands-on professional services to help organizations generate new revenue, grow existing revenue, reduce churn and detractors, and drive operational efficiencies.

When did SMG AEG merge?

1 October

AEG’s venue management arm, AEG Facilities, and Onex-owned SMG announced today (1 October) that they have completed their merger to create a single global facility management and venue services company, ASM Global.

Is ASM Global owned by AEG?

Onex, AEG and their respective affiliates are contributing their entire equity investments in SMG and AEG Facilities, respectively, into the combined business and are now equal co-owners of ASM. ASM Global is the world’s leading venue management and services company.

When was ASM Global formed?

October 2019

ASM Global was formed in October 2019 from the merger of AEG Facilities, the global innovator in live entertainment venues, and SMG, the gold standard in event management.

What does ASM Global own?

ASM Global is the world’s largest and most trusted venue management and services company operating the most prestigious entertainment, sports, and exhibition venues spanning five continents, with a portfolio of more than 300 stadiums, arenas, convention centers, entertainment districts, theaters, amphitheaters, and …

What is SMG entertainment?

Founded in 1977, SMG provides management services to more than 220 public assembly facilities including convention and exhibition centers, arenas, stadiums, theatres, performing arts centers, equestrian facilities, science centers and a variety of other venues.

How does SMG surveys work?

Our proprietary technology assigns a unique digital ID to every device that takes your survey. We then quarantine data from duplicate digital IDs in real time so this suspicious data never makes it into your reporting.

Is ASM Global a private company?

In October 2019, SMG and AEG Facilities merged to make a new company called ASM Global.
SMG (property management)

Who is the CEO of ASM Global?

Ron Bension

TThe March 2021 announcement that Ron Bension had been named president/CEO of ASM Global, the world’s largest facility management company, was received with great interest in the live-event industry.