SMG (property Management)
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SMG (property Management)
SMG was an American worldwide venue management group headquartered in West Conshohocken, Pennsylvania, that specialized in managing publicly owned facilities. It began their operation in 1977 with management of the Louisiana Superdome. 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. 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 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 even ... merged to make a new company called ASM Global. Properties managed Arenas ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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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 located approximately two miles north of, and on the opposite side of the river from, West Conshohocken. History West Conshohocken Borough was incorporated October 6, 1874 from land taken almost equally from the Townships of Lower and Upper Merion. As a river borough, there existed a large number of mills and other industries utilizing water power. The Dougherty Quarry was a prosperous business, producing stone of superior quality known as ''Conshohocken'' or ''Merion Blue''. It was much sought after for public buildings, and was shipped by rail throughout the East before supplies were exhausted in the mid-twentieth century. Today, with its proximity to highways I-76 and I-476 (Blue Route), this small borough and its sister Conshohocken ...
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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 billion of assets under management. History Founder Gerry Schwartz had previously worked at Bear Stearns in New York City during the 1970s, under investor Jerome Kohlberg Jr., who later became a founding partner of Kohlberg Kravis Roberts. Schwartz returned to Canada, where he started working with Izzy Asper. Schwartz founded Onex in 1984 and took the company public in 1987. The firm focused on private equity investing in North America using capital from its balance sheet for the first 16 years of its history. In 2000, it started raising investment vehicles with third-party capital with the launch of ONCAP, which focuses on smaller and middle market opportunities. In 2003, the first Onex Partners fund was raised. Today, the majority of ...
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Venue
Venue is the location at which an event takes place. It may refer to: Locations * Venue (law), the place a case is heard * Financial trading venue, a place or system where financial transactions can occur * Music venue, place used for a concert or musical performance * Sport venue, place used for a sporting event * Theater (structure), or venue, a place used for performing theater Other uses * ''Venue'' (magazine), the "what's on" magazine for the Bristol and Bath areas of the UK * Venue (sound system), a brand of live sound mixing consoles * Dell Venue, an Android smartphone manufactured by Dell * Hyundai Venue, a car model manufactured by Hyundai Motor Company See also * The Venue (other) The Venue may refer to any of various places including: * The Venue (Liverpool), former nightclub and cinema in Liverpool * The Venue (Leicester Square, London), now the Leicester Square Theatre * The Venue, also known as Big V or Venners, a nightc ...
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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 of the National Football League (NFL). Plans were drawn up in 1967 by the New Orleans modernist architectural firm of Curtis and Davis and the building opened as the Louisiana Superdome in 1975. Its steel frame covers a expanse and the dome is made of a lamellar multi-ringed frame and has a diameter of , making it the largest fixed domed structure in the world. The Superdome has routinely hosted major sporting events; it has hosted seven Super Bowl games (and will host its eighth, Super Bowl LIX, in 2025), and five NCAA championships in men's college basketball. In college football, the Sugar Bowl has been played at the Superdome since 1975, which is one of the "New Year's Six" bowl games of the College Football Playoff (CFP). It also ...
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Hyatt
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. The Hyatt Corporation owned by Isaiah Giles came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. In 1969, Hyatt began expanding internationally. Hyatt has grown by developing new properties and through acquisitions, with the biggest growth coming from the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, and Two Roads Hospitality in 2018. In August 2021, Hyatt Hotels Corporation (NYSE: H) acquired Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group, from affiliates ...
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Aramark
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 States and Canada) and an additional 20 countries, including United Kingdom, Germany, Philippines, South Korea, Chile, Ireland, and Spain. The company is headquartered in Center City, Philadelphia, Pennsylvania. Aramark's revenues totaled US$14.604 billion in 2018, and the company was listed as the 27th largest employer on the Fortune 500. Purchasing Aramark negotiates pricing and makes purchases directly from national manufacturers and through distributors such as Sysco Corporation. The products range from healthcare, dairy, meats, seafood, frozen, canned and dry, paper & disposables, chemicals & janitorial, supplies & equipment, produce, and beverage. Aramark has had distribution agreements with Sysco for more than 20 years. In 2016, ...
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Anschutz Entertainment Group
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 events. Under the AEG Presents brand, it is the world's second-largest presenter of live music and entertainment events, after Live Nation. AEG Presents was founded in 2002 as AEG Live. Overview AEG owns and operates a variety of venues, sport teams, and entertainment concerns. For venues, AEG owns and operates Crypto.com Arena and Dignity Health Sports Park, and managed the XL Center and Rentschler Field. In England, it operates The O2 which includes a 20,000 capacity arena. As part of the development of the O2, Anschutz also purchased the London river service company Thames Clippers, and supported the development of the nearby David Beckham Academy (which also had a branch at the Home Depot Center). The company had its headquarters in Dow ...
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Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation (Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network for companies with ...
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Billboard (magazine)
''Billboard'' (stylized as ''billboard'') is an American music and entertainment magazine published weekly by Penske Media Corporation. The magazine provides music charts, news, video, opinion, reviews, events, and style related to the music industry. Its music charts include the Hot 100, the 200, and the Global 200, tracking the most popular albums and songs in different genres of music. It also hosts events, owns a publishing firm, and operates several TV shows. ''Billboard'' was founded in 1894 by William Donaldson and James Hennegan as a trade publication for bill posters. Donaldson later acquired Hennegan's interest in 1900 for $500. In the early years of the 20th century, it covered the entertainment industry, such as circuses, fairs, and burlesque shows, and also created a mail service for travelling entertainers. ''Billboard'' began focusing more on the music industry as the jukebox, phonograph, and radio became commonplace. Many topics it covered were spun-off ...
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