SMG was an American worldwide
venue management group headquartered in
West Conshohocken, Pennsylvania
West Conshohocken is a borough in Montgomery County, Pennsylvania, United States. The population was 1,320 at the 2010 census.
Its sister community is Conshohocken, located across the Schuylkill River. Montgomery County's seat, Norristown, is l ...
, that specialized in managing publicly owned facilities. It began their operation in 1977 with management of the
Louisiana Superdome
The Caesars Superdome, commonly known as the Superdome (formerly known as Mercedes-Benz Superdome), is a multi-purpose stadium located in the Central Business District of New Orleans, Louisiana. It is the home stadium of the New Orleans Saints ...
. It was one of the largest property management corporations in the world.
SMG was a joint venture in general partnership form with two equal principals, The
Hyatt Hotel Company and
Aramark Corporation
Aramark Corporation, known commonly as Aramark, is an American food service, facilities, and uniform services provider to clients in areas including education, healthcare, business, prisons, and leisure. It operates in North America (United Sta ...
. SMG was bought by American Capital in 2007 for US$631 million, and American Capital was sold to Ares Management in January 2017. Ares Management sold SMG to
Onex Corporation
Onex Corporation is an investment manager founded in 1984. The firm manages capital on behalf of Onex shareholders, institutional investors and high net worth clients around the world. As of September 30, 2022, Onex had approximately US$47.2 ...
in 2017. In October 2019, SMG and
AEG Facilities
The Anschutz Entertainment Group (AEG), also known as AEG Worldwide, is an American global sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. It is the world's largest owner of sports teams and sports event ...
merged to make a new company called ASM Global.
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
External links
*{{Official website, http://www.smgworld.com
Companies based in Philadelphia