This Just In
  • Tom Cindric joins Winsight as President, Exhibitions to oversee National Restaurant Show. Mary Pat Heftman now Vice Chairman of Winsight.
  • Emerald Expositions Events Inc. tapped former UBM exec, Sally Shankland, to serve as its President and CEO. Phil Evans continues as CFO.
  • The division of Informa PLC created by the combination of UBM and Informa has been renamed and rebranded as Informa Markets.
  • Trade Show Executive won three prestigious ASBPE “Azbee” Awards in Chicago. TSE is also a national finalist for Magazine of the Year Award.
  • Informa PLC launched Informa Ventures offering capital, access to markets, mentorship, and expertise to knowledge and information start-ups.
  • Freeman Vice Chair Carrie Freeman Parsons promoted to Chair replacing Don Freeman, who will become Chairman Emeritus in July.
  • Marketplace Events (MPE), producer of 66 consumer shows in North America, acquired the Arizona Bridal Shows from Townsquare Live Events LLC.
  • Nominations for 2019 Trailblazers Opens for Trade Show Executive’s Trailblazers program which recognizes the industry’s up-and-comers.
  • Informa Exhibitions reported a 6.7% jump in underlying revenues for 2018 even as it absorbed the blockbuster acquisition of UBM.

AEG Facilities and SMG Merge, Form New Global Company

Jamie Bartosch
, Senior News Editor
February 7, 2019
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A major merger announced Thursday will create a giant, new global facility management and venue services company.

AEG Facilities, the venue management subsidiary of AEG, and SMG, an Onex (ONEX) portfolio company, have agreed to merge and form a new standalone company, ASM Global (“ASM”).

ASM Global will operate more than 310 venues around the world, including arenas, stadiums, convention centers and performing arts centers.

AEG will retain ownership of its real estate holdings outside of this venture, including its owned venues in Los Angeles, London Hamburg and Berlin. Onex is contributing its entire equity investment in SMG into the merger. 

Management-wise, AEG Facilities President Bob Newman – who spent nearly two decades working at SMG – will lead ASM Global as its President and CEO. Wes Westley, SMG’s CEO and President, will serve on ASM Global’s Board of Directors.

Westley called the merger “a major step for our industry.” 

The terms of the transaction were not disclosed, but Onex and AEG’s subsidiary will each own 50 percent of the company. The merger is subject to government approval. 

The new company will be headquartered in Los Angeles, with key operations in the Philadelphia suburb of West Conshohocken, Pennsylvania.

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