SOLD – SMG Acquired by American Capital on June 14

TSE STAFF
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Philadelphia, PA and Bethesda, MD – SMG, thePhiladelphiabasedmanagement firm for over 200 public assembly facilities including 60 convention centers, was sold yesterday to  American Capital for an undisclosed amount. The transaction was handled by Morgan Stanley and the announcement was confirmed by Gregg Caren, who is rejoining SMG  in ten days (see two related articles on TSE’s home page). SMG will continue to operate as a stand-alone company.

Reach Greg at (215) 592-6644 (his former phone number at SMG which has been reactivated) or gcaren@smgworld.com  or at his present phone number (609) 449-1000  x5829