AEG Facilities and SMG Complete Transaction to Create ASM Global

Los Angeles, CA, West Conshohocken, PA, – Oct 1, 2019 -- AEG Facilities, LLC (“AEG Facilities”), the venuemanagement affiliate of Anschutz Entertainment Group, Inc. (“AEG”), and SMG, a portfolio company of Onex(TSX: ONEX) and its affiliated funds, today announced they completed their business combination to create a new, standalone global facility management and venue services company, ASM Global (“ASM”).

ASM is headquartered in Los Angeles, CA, with key operations based in West Conshohocken, PA, a suburb ofPhiladelphia. The company also has corporate offices in London, England; Manchester, England; Brisbane,Australia; and Sao Paulo, Brazil. ASM operates a diversified portfolio of arenas, stadiums, convention and exhibition centers, performing arts centers, theaters and other venues with more than 300 facilities across fivecontinents.

Bob Newman, former President of AEG Facilities, has been named President and CEO of ASM, effectiveimmediately. Prior to joining AEG Facilities, Mr. Newman spent more than 20 years at SMG, last serving as aregional Vice President for the company. Wes Westley, former CEO and President of SMG, will focus his efforts on key strategic growth initiatives and ensuring a seamless integration.

Bob Newman, President and CEO of ASM, said, “This marks the beginning of an exciting new chapter in ourindustry and one that will establish a new standard of excellence in managing live experiences. Bringing togetherthe combined global expertise of each company with the best content and cutting-edge technologies, we will be able to realize the full potential of the world’s greatest spaces, places and events, create amazing experiences forguests, offer exciting new opportunities to employees and deliver the highest value for all stakeholders. Equally important, our deep bench of talent and shared resources will enableASM to accelerate innovation and capitalize on the growing market opportunities.”

Wes Westley added, "I am very proud to have had the opportunity to lead such an incredible organization asSMG. We have a long history of working closely with our public and private partners and are confident in our ability to continue to meet and exceed their expectations. ASM’s focus moving forward will be on providing added value and best-in-class services to its customers. We are well-prepared for a seamless integration process.”

Onex, AEG and their respective affiliates are contributing their entire equity investments in SMG and AEGFacilities, respectively, into the combined business and are now equal co-owners of ASM.

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