Los Angeles & West Conshohocken, 1st October: AEG Facilities, LLC, the venue management affiliate of Anschutz Entertainment Group, Inc., and SMG, a portfolio company of Onex, formally completed the combination of their businesses. The two organisations will create a new, standalone global facility management and venue services company, ASM Global.
Headquartered in Los Angeles, the company has corporate offices in London, Manchester, Brisbane, and Sao Paulo. It operates and manages arenas, stadiums, convention and exhibition centres, performing arts centres, theatres and other venues with more than 300 facilities under management across five continents.
Bob Newman, former President of AEG Facilities, has been appointed as President and CEO of ASM. Wes Westley, former CEO and President of SMG, will focus on key strategic growth initiatives and oversee the integration.
Bob Newman, stated, “This marks the beginning of an exciting new chapter in our industry and one that will establish a new standard of excellence in managing live experiences. Bringing together the combined global expertise of each company with the best content and cutting-edge technologies, we will be able to realize the full potential of the world’s greatest spaces, places and events, create amazing experiences for guests, offer exciting new opportunities to employees and deliver the highest value for all stakeholders. Equally important, our deep bench of talent and shared resources will enable ASM to accelerate innovation and capitalize on the growing market opportunities.”
Source: AEG Worldwide press release