SMG (property Management)
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SMG Property Management
SMG
TypePrivate
FateMerged into ASM Global
Headquarters
OwnerOnex Corporation
Websitewww.smgworld.com[dead link]

SMG was an American worldwide venue management group headquartered in West Conshohocken, Pennsylvania, that specialized in managing publicly owned facilities. It began their operation in 1977 with management of the Louisiana Superdome. It was one of the largest property management corporations in the world.[1]

SMG was a joint venture in general partnership form with two equal principals, The Hyatt Hotel Company and Aramark Corporation. SMG was bought by American Capital in 2007 for US$631 million,[2] 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.[3][4]

Properties managed

Arenas

The company managed arenas in Canada, United Kingdom, Germany, Norway, United Arab Emirates, Puerto Rico, United States.

Convention centers

It managed convention centers in Canada, Mexico, United States.

Stadiums

It managed stadiums in Poland, United States.

Theatres

It managed theatres in United Kingdom, Germany, United States.

Other venues

Other types of managed venues were in Germany and United States.

References

  1. ^ Live Nation Among Bidders to Buy Venue Giant SMG
  2. ^ Reports: American Capital buys SMG
  3. ^ "AEG Facilities and SMG Complete Transaction to Create ASM Global" (Press release). West Conshohocken, Pennsylvania: ASM Global. Business Wire. October 1, 2019. Archived from the original on November 2, 2019. Retrieved 2019.
  4. ^ Schneider, Marc (October 1, 2019). "AEG Facilities & SMG Finalize Merger to Form ASM Global". Billboard. Eldridge Industries. Archived from the original on November 2, 2019. Retrieved 2019.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

SMG_(property_management)
 



 



 
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