TORONTO (BRAIN) — Onex Corporation has completed the purchase of SMG Holdings, a global manager of convention centers, arenas, theaters and other venues.
Onex owns about 77 percent of Emerald Expositions, the owner of Interbike and the Outdoor Retailer expo, as well as many other events.
The Colorado Convention Center in Denver, where the OR show is being held later this week, is among the many publicly owned facilities that SMG manages; SMG does not manage the Reno-Sparks Convention Center, where Interbike will be held this year.
Onex's purchase of SMG was made by Onex Partners IV, Onex' $5.7 billion fund. Onex had announced in December that it planned to acquire SMG. The terms of the transaction were not disclosed. Emerald Expositions owns Bicycle Retailer & Industry News, which is operated under license by NBDA Services Inc.
More information: smgworld.com | Onex press release.
