AEG Facilities and SMG merge to create global venue management business
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Legoland Discovery Centre
Competitive
Plymouth Meeting, PA, USA
British Weight Lifting
Competitive Salary & Benefits
Nationwide
Central Foundation Girls' School
Scale 5 (Spine point 24) £22,240 actual salary
London, UK
Aspire Sports and Cultural Trust
Excellent Salary and Benefits Package
Gloucestershire, UK
Mytime Active
£15,600 per annum
Bromley Region, United Kingdom

AEG Facilities and SMG merge to create global venue management business

Job opportunities
Harlow Leisurezone
Competitive Salary + Full Gold Membership of the Centre + Pension
location: Harlow, UK
Trafford Leisure
Circa £22k - £25k dependant on experience
location: Trafford, UK
Central Bedfordshire Council
£30,141 - £31,587 per annum, pro rata
location: Shefford, UK
more jobs

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.

Sign up for FREE ezines & magazines
AEG Facilities and SMG has revealed plans to merge, creating a standalone global facility management and venue services company that will operate as ASM Global.
SAR,COL,EVT
imagesX/THUMB340740_322600_288213.jpg

More News

1 - 15 of 38,425
15 Feb 2019
Fitness operator HITIO Gym has signed its first franchise agreement in the UK. The Norway-based chain, which combines a traditional gym and studio offering with ... More
15 Feb 2019
Water safety charity The Royal Life Saving Society UK (RLSS UK) has launched a new campaign which looks to create a more diverse workforce in ... More
15 Feb 2019
Leisure operator Everyone Active will begin offering its members free access to a digital resource that will help develop their swimming skills. The service is ... More
14 Feb 2019
Only 5 per cent of staff members are not white at Arts Council England (ACE) major partner museums (MPMs) while 16 per cent of the ... More
14 Feb 2019
Budget yoga chain MoreYoga has opened a studio in Woolwich, London. The launch is the first of 25 planned openings for 2019 and will be ... More
14 Feb 2019
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 ... More
Alliance Leisure
Alliance Leisure
14 Feb 2019
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 ... More
13 Feb 2019
Chris Evans launches running and music festival, regular exercise linked to better eating habits, The Heritage Lottery Fund is renamed and Center Parcs reveals plans ... More
13 Feb 2019
Sport England has partnered with the Alzheimer’s Society to produce a dementia-friendly sport and physical activity guide. The guide, funded by National Lottery money, aims ... More
13 Feb 2019
VisitScotland is looking to tap into one of the fastest growing outbound tourism markets by launching a new app targeting millions of Chinese social media ... More
13 Feb 2019
InterContinental Hotels Group (IHG) has acquired wellness resort brand Six Senses from Pegasus Capital Advisors for a reported US$300m in cash. The sale includes the ... More
13 Feb 2019
UK Sport has set out its funding blueprint for the next Olympic and Paralympic cycles, covering the Paris 2024 and Los Angeles 2028 Games. The ... More
Focus Training
Focus Training
12 Feb 2019
Corporate fitness sales specialist Gympass has secured a three-year extension to its deal with premium fitness operator Bannatyne. The deal follows an initial 12-month partnership ... More
12 Feb 2019
NHS Wales benefitted from an estimated cost saving of £295.17m during 2016-17, thanks to physical activity and sport lowering the need for people seeking medical ... More
11 Feb 2019
Bury St. Edmunds Leisure Centre in Suffolk has become the first facility in the UK to be awarded a new quality standard for exercise referral ... More
Ridgeway Furniture
Ridgeway Furniture
1 - 15 of 38,425
employer of choice
Would you like to work for a gym operator that allows you to develop and use your skills to the full whilst being well rewarded? The Gym is totally committed to allowing 'the manager to manage' and rewarding our key personnel for delivery... More
Active IQ
Active IQ