AEG FACILITIES AND SMG COMPLETE TRANSACTION TO CREATE ASM GLOBAL



LoAngeles, CA, West Conshohocken, PA, – Oct 1, 2019 -AEG Facilities, LLC (AEG Facilities)the venuemanagement affiliatoAnschutz Entertainment Group, Inc(AEG), and SMG, a portfolicompany oOnex(TSXONEX) and itaffiliated fundstoday announced they completed theibusinescombinatiotcreate a newstandalone global facilitmanagement and venue services companyASGlobal (ASM).

ASis headquarterein LoAngelesCAwitkey operations based in West Conshohocken, PA, a suburofPhiladelphia.  The company also has corporatoffices in London, England; Manchester, England; Brisbane,Australia; and SaPaulo, Brazil. ASoperates a diversified portfoliof arenasstadiumsconvention and exhibitiocenters, performing artcenterstheaters and othevenues witmorthan 300 facilities across fivecontinents.

Bob Newman, former President oAEG Facilities, has been named President and CEO of ASM, effectiveimmediately.   PriotjoininAEG FacilitiesMr. Newman spent morthan 20 yearaSMG, lasserving as aregional VicPresident fothcompany Wes Westleyformer CEO and President oSMGwill focuhis effortokey strategigrowth initiatives and ensuring a seamlesintegration.

Bob Newman, President and CEO oASMsaid, “This markthbeginning of an exciting new chapter iourindustry and one that will establish a nestandarof excellencimanaging live experiences. Bringing togetherthcombined global expertisof eaccompany witthbescontent and cutting-edgtechnologieswwill be able trealize thfull potential othe worldgreatesspaces, places and eventscreate amazing experiences forguestsoffer excitinneopportunitieto employees and deliver thhighesvalufor all stakeholders. Equally importantour deep bencotalent and shareresources will enableASto acceleratinnovation and capitalize othgrowing market opportunities.”

Wes Westley added, "I am verprouto have had thopportunitto lead such an incredible organization asSMG We have a long historoworking closely witour public and private partners and arconfident iour abilittcontinutmeet and exceed their expectations.  ASM’s focumoving forwarwill bon providing added value and best-in-classervicetitcustomers. We arwell-prepared for a seamless integration process.”


OnexAEG and theirespective affiliates arcontributing their entire equitinvestmentiSMG and AEGFacilitiesrespectivelyintthcombined business and are now equal co-owneroASM.