industry-news

Two Mega Venue Management Companies – AEG Facilities and SMG – Set to Merge

AEG Facilities, the venue management subsidiary of AEG, and SMG, an Onex portfolio company and venue management company, have signed a definitive agreement to merge.

This combination will create a new, standalone global facility management and venue services company that will operate as ASM Global (“ASM”).

Onex and AEG’s subsidiary will each own 50 percent of the company following the completion of the transaction.

Diversified Communications Names Mary Larkin President of U.S. Division

Diversified Communications’ President and CEO Theodore Wirth promoted Mary Larkin to President of Diversified Communications’ U.S. operating division.

“In 2014, we took the unusual step and established a three-person EVP team. Bill Springer, Mike Lodato and Mary Larkin were able to grow the business, but three-person leadership teams are challenging at best and we felt it was the right time to appoint one leader,” Wirth said.

TSNN Interview: Joe Popolo, CEO, The Freeman Company

Is the next recession coming? Joe Popolo, CEO of Freeman, doesn’t seem to think so. In the past twelve months, the Dallas-based company completed several acquisitions and sales to stay nimble in the changing marketplace and is gaining ground around the world.

TSNN sat down with Popolo at EFI Connect, a conference for digital imaging and printing that took place last month in Las Vegas, where he shared his thoughts on growing a family company to a $3 billion business, the role of new technologies and overall market trends.

Informa’s Charlie McCurdy Talks M&A, UBM Integration and Trends for 2019

To say that last year was a monumental one for Informa Exhibitions, which is led by CEO Charlie McCurdy, would be quite an understatement.

2018 marked the largest mergers and acquisitions deal in history, with Informa buying fellow U.K.-based exhibition company, UBM, for a whopping $5.2 billion.

Now that the deal has been closed for several months, TSNN sat down with McCurdy to talk through what’s next and some overall exhibition market trends.

Despite Government Shutdown, Washington, D.C. is Open for Business

With the U.S. government shutdown still in effect — and stretched longer than any other in history — many association meeting planners and trade show organizers are concerned about how this might impact their events.

Destination DC has been actively campaigning to let the world know that the city is open for business and ready to welcome both events and leisure travelers.