AEG's Facilities subsidiary and Onex-backed SMG formed a joint venture called ASM Global.

AEG Facilities, the venue management subsidiary of Anschutz Entertainment Group, and Onex-backed SMG, a management services provider, formed a joint venture called ASM Global. “This merger is a major step for our industry. We are excited to bring together these complementary businesses to further elevate the standard of excellence in venue management. We plan to accelerate innovation by combining our expertise to deliver increased value and offer enhanced capabilities to municipalities and venue owners worldwide. At the same time, we expect that this transaction will offer employees at both our corporate headquarters and field operations tremendous new opportunities,” Wes Westley, SMG CEO and President.