AEG Facilities and SMG announced on Tuesday the completion oftheir long-planned merger, forming a new standalone venue management mega-company called ASM Global. ASM’s sprawling portfolio includes 310 venues, notably the U.K.’s Manchester Arena and Chicago’s Soldier Field, as well as numerous convention centers and performing arts venues in North and South America, Asia, the Middle East and Europe.
Headquartered in Los Angeles, with key operational offices near Philadelphia, as well as in England (London and Manchester), Australia (Brisbane), and Brazil (Sao Paulo), ASM is led by former AEG Facilities president Bob Newman, who has been named president and CEO of the new company. SMG’s former chief executive Wes Westley will be working to ensure a “seamless integration” of the two properties, though his official role going forward was not defined.
First announced in February, the even-split merger of AEG Facilities, owned by Philip Anschutz’s AEG, and SMG, a portfolio company of private equity firm Onex, was previously cleared by both the U.K.’s Competition and Markets Authority and the U.S. Department of Justice.