058-2000 LTC

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  • 8/15/2019 058-2000 LTC

    3/8

    Stadium

    o j e r a t o r s

    M

    G ,

    LMI

    merging

    lMI,

    F R O M

    lC

    not

    expected

    to

    c h a n ge

    day-

    to-

    day

    activities

    at

    LMI-

    managed

    facilities,

    said

    Erin

    Rush,

    direc-

    tpr

    of

    operation

    for El

    Paso's

    convention

    and

    tourism

    bureau,

    and

    Francis

    Paez,

    executive

    director

    of

    the

    Miami

    Sports

    and

    Exhibition

    Authority,

    owner

    of

    the

    Mami

    rena

    Ron

    Castell,

    Huizenga'

    s

    spokesman,

    said

    the

    sale

    will

    not,

    greatly

    affect

    Huizenga'

    s

    Em;

    Lauderdale

    operation.

    We

    have

    investments

    in

    lpts

    of

    things,"

    Castell

    said.

    i:

    We

    were

    just

    part

    ofan

    own-

    ersh ip

    group."

    I

    H,

    jzenga

    became

    involved

    with

    LMI

    in

    1994,

    10

    years

    after

    Mike

    McGee

    co-

    founded

    the

    ompany

    in

    H o u s t o n

    to

    chase

    he

    am

    A r e n a

    contract.

    In

    984,

    McGee

    and

    two

    ouston

    p a r t n e r s

    fo rmed

    Decoma

    Ven-

    tue

    h i c h

    was

    e s i g n e d

    to

    o n c e i v e

    and

    perate

    the

    Mami

    Arena.

    he

    group

    won

    2 -

    year

    contract

    a

    a

    im e

    whcn

    privae m a n a g e m e n t

    o

    p u b l i c

    f a c i l i t i e s

    was

    still

      a

    young

    i n d u s t r y .

    In

    1993,

    McGee

    bought

    ou t

    lis

    r i g i n a l

    partners

    wth

    a

    group

    o

    Houston

    b u s i n e s s m e n

    and

    r o m o t e d

    LM

    e t e r a n

    John

    Blaisdell

    to

    resident

    and

    che

    p e r a t i n g

    officer.

    McGee

    became

    chairman

    and

    h i e f

    execut ive.

    When

    c G e e

    sea rched for

    more

    a r t n e r s ,

    he

    turned

    to

    u i z e n g a ,

    w ho

    con

    rolled

    one

    of

    the

    Mam

    Are-

    na

    s

    an

    tenants,

    the

    lorida

    Papthers

    N a t i o n a l

    H o c k e y

    League

    eam

    u i z e n g a

    Hod-

    n g s ,

    which

    oversees

    Hui-

    e n g a '

     s

    rivate

    i n v e s t m e n t s ,

    b o u g h t

    a

    50

    e r c e n t

    s t a k e

    in

    l..

    .

    The

    a le

    is

    nother

    s i g n

    tha

    Huizenga

    is

    i v e s t i n g

    h i m s e l t i

    of

    sports

    proper t ies .

    He

    has

    sod

    his

    F l o r i d a

    Marlins

    a s e -

    bal

    t e a m

    and

    hs

    70

    erce }

    t

    stake

    in

    he

    sportsChanne~

    c a b l e

    nework.

    Hs

    u b l i c I

    traded

    B o c a

    R e s o r t s

    ha

    announced

    tha

    it

    ntends

    to

    sel,

    he

    F l o r i d a Panther

    hockey

    t e a m . ,

    grew

    ou

    of

    one

    man'

    I

    I

    uccess

    owning

    the

    h i l a d e l

    phi

    a

    Flyers

    p r o f e s s i o n a

    h o c k e y

    team

    In

    1980s

    s p o r t s

    m o g u l

    Ed

    S n i d e r

    per,

    I

    uaded

    the

    city

    to

    g i v e

    him ,

    50

    ea r

    lease

    on

    he

    h i l a d e l

    I

    hia

    the

    Flyers'

    h o m e ,

    which

    he

      e v e l o p e

    in

    l

    he

    n a t i o n s

    b u s i e s t

    arena.

    n ide r

    parlayed

    tha

    succes.

    i

    i n f o

    tarting

    S p e c t a t o r

    Man~

    gement

    Goup (

    ow

    SMG

    J

    c o m p a n y

    that

    m a n a g e s

    arena

    t a d i u m s

    a n d

      o n v e n t i o n

    ce

    te '

    e m

    the

    country,

    T O d :

    AT

     

    G L A N C E

    SMG

    t

    Headquarters:

    P h i l a d e l p h i a .

    t

    hief

    e x e c u t i v e

    Wes

    Westley.

    t

    mployees:

    10

    00

    abou

    1

    00

    ful

    t i m e .t

    anages:

    32

    arenas

    and

    stadiums,

    28

    c o n v e n t i o n

    centers,

    10

    theaters

    and

    two

    t

    In

    outh

    Florida:

    Miami

    Beach

    C o n v e n t i o n

    Cener,

      a c k i

    Geason

    Theater,

    Convention

    C e n t e r .

     

    ome

    o t h e r

    c l i e n t s :

    Long

    Beach

    Cif.)

    Convention &

     

    C e n t e r ,

    i

    O k l a h o m a

    C i t y

    Convention

    Center,

    T a m p a

    s

    ce

    Pa lace ,

    Nassau

    V e t e r a n s

    Memorial

    Colliseum

    I (

    ew

    Y o r k ) .

    LM

    t

    e a d q u a r t e r s :

    Houston.t

    Chief

    e x e c u t i v e :

    Mke

    c G e e .

    t

    Employees :

    1

    39

    a b o u t

    911

    f u l l

    t i m e .

    t

    anages:

    14

    renas and

    s t a d i u m s ,

    five

    heaters,

    hree

    c o n v e n t i o n

    and

    cvic

    c e n t e r s ,

    tw o

    tourist

    I

    ureaus. ,

    t

    n

    outh

    Florida: ,

    M i a m i

    Arena ,

    Pro

    Player

    Stadium,

    National

    Ca

    r

    Rental

    Center .

    t

    Some

    oher

    lients:

    A s t r o d o m e ,

     

    ltel

    Aena(

    Little

    Ii

    R o c k ) ,

    Pamp r i n g s

    T o u r i s m ,

    A u g u s t a -

    R i c h m o n d

    Ir

    ounty

    Cvc

    Center.

    I

    O U R C E :

    C o m p a n y

    W e b

    sites,

    A m u s e m e n t

    Business

    m a g a z i n e .

    S M G

    is

    a

    eader

    in

    the

    fied

    o

    r i v a t e

    facilities

    m a n a g e m e n t .

    Las

    year,

    SMG

    sad

    ts

    facli-

    tes

    were

    hos

    to

    8

    800

    events

    and

    30

    illion

    p e o p l e .

    In

    outh

    Flor ida,

    it

    a n a g e s

    thei a m i

    Beach

    C o n v e n t i o n

    Center,

    th e

    Broward

    Conven-

    t i o n

    C e n t e r

    and

    he

    Jack i e

    Gleason

    Thea te r .

    S n i d e r

    aso

    has

    moved

    on

    a f t e r

    s e l l i n g

    hs

    h a r e

    in

    MG

    Today,

    SMG

    is

  • 8/15/2019 058-2000 LTC

    4/8

    C D

     

    H i ,

    R

    31

    PM

     39

    rIvae

    M a n a g e m e n t

    fo

    PubIc

    F a c i l i t I e s

    W e s

    W e s t l e y

    P r e s i d e n t &

    CEO

    1

    V~

    r_

    c

    arch

    27,

    2000

    Ms.

    a y r a

    Daz-

    u t t a c a v o l i

    Assistant

    Cty

    a n a g e r

    Cty

    o

    i a m i

    Beach

    1700

    C o n v e n t i o n Center

    D r .

    M i a m i

    Beach,

    FL

    33139

    D e a r

    M

    iaz~

    caVOIi :

    lY~

    I

    m v e r y

    p l eased

    to

    n n o u n c e tha

    SMG

    as

    e n g a g e d

    ina

    trategic

    m e r g e r

    wth

    e i s u r e M a n a g e m e n t ,

    Inc (

    MI)of

    H o u s t o n ,

    Texas.

    The

    esult

    o

    his

    merger

    will

    be

    atronger

    c o m p a n y ,

    better

    suited

    than

    eve

    to

    meet

    the

    needso

    ou

    l i e n t s

    and

    ustomers.

    The

    mergng

    oh e s e

    tw o

    c o m p a n i e s

    wll

    p r o v i d e

    enhanc ed

    o p e r a t i n g

    efficiencies

    fo

    l

    o

    ur

    c l i e n t s .

    In

    add i t ion ,

    the

    x p a n d e d network

    wll

    t r e n g t h e n

    SMG

    s

    v e n t

    b o o k i n g c a p a b i l i t i e s

    to

    assure

    m a x i m u m

    live e n t e r t a i n m e n t

    p r o g r a m m i n g for

    alo

    ts

    a c i l i t i e s .

    Wth

    the

    ddition  o

    he

    LMI accounts S M G

    wll

    n o w

    manage

    97

    facilities

    worldwide.

    W

    ll

    continue

    to

    trive

    to

    r o v i d e

    the

    uality

    service,

    a t t e n t i v e n e s s a n d

    r e s u l t s

    youhave

    c om e

    toxpect

    from SMG.

    Ths

    s

    a

    very

    e x c i t i n g

    time for

    M G and

    our

    employees.

    A

    we

    grow

    we

    are

    bl e

    to

    ofer

    our

    employees

    e n h a n c e d career

    o p p o r t u n i t i e s which

    e n a b l e

    uso

    recrut

    and

    p r o m o t e

    the

    o s t

    q u a l i f i e d

    people

    to

    m a n a g e

    y o u r f a c i l i t i e s .

    For

    your

    information

    I

    ve

    t t a c h e d

    a

    o p y

    o

    the

    press

    release

    r e g a r d i n g

    this m e r g e r .

    As always,

    if

    y o u

    h a v e

    any

    questions,

    please

    feefree

    to

    cal.

    S i n c e r e l y ,

     w~

    es

    estley

    President &

    CEO

    SMG

    A t t a c h m e n t WW

    jm

    t a d I u m s .

    Arenas.

    C o n v e n t I o n

  • 8/15/2019 058-2000 LTC

    5/8

    SM

    G Contact:

    Maureen

    Ginty

    215)

    592-

    665

    SMG

    NDLM

    MERGE T O CREATE

    WORLD'

    S

    ARGEST

    PUBLCSSEMBLY

    FACILITY

    M A N A G E M E N T

    C O M P A N Y

    M a r c h27

    000 -

    P h i l a d e l p h i a ,

    PA and

    H o u s t o n ,

    TX -M G

    and

    LM

    oday a n n o u n c e d

    a

    t r a t e g i c

    merge r

    that

    wllcreate

    thearges

    p u b l i c

    a s s e m b l y facility

    m a n a g e m e n t c ompany

    in

    the

    or ld .

    The

    e w

    c o m b i n e d enitywll

    cany

    the

    MG

    name

    and

    a n a g e faclities

    from

    s l o ,

    N o r w a y

    toelboume,Australia.

    As

    the

    p r e m i e r e

    m a n a g e m e n t

    c o m p a n yints

    fed

    SMG

    wll

    dever

    iven t e r t a i n m e n t

    booking

    andmanagemen t

    services

    fo

    nearyone

    u n d r e d

    stadiums,

    arenas, o n v e n t i o n

    c e n t e r s

    and

    theaters

    a r o u n d

    the

    gobe

    h e

    c o m p a n y

    w i l l

    be

    e a d q u a r t e r e d

    in

    SMG

    s

    hilacelphia

    off ices.

    T h e

    m e r g e r

    will c o m b i n e

    S M G 's

    and

    L\

    I'  s

    b e s t

    m a n a g e m e n t

    p r a c t i c e s

    to

    create

    a

    company

    o

    u n m a t c h e d

    deptho

    operational

    shll,

    event

    bookng

    evelopment

    e x p e r t i s e

    and

    faclity

    a n a g e m e n t

    excellence.

    Thee w

    company '

    s

    n p a r a l l e l e d

    resources

    o

    ndustry

    t a l e n t a n d k n o w l e d g e

    wi l l

    enableit

    to

    offer

    its

    iens

    enhanced event-

    o o k i n g c a p a b i l i t i e s ,

    i n c r e a s e d

    purchasing

    power

    a n d

    the

    largest

    s u p p o r t

    team

    in

    he

    n d u s t r y .

    Wes

    W e s t l e y ,

    S M G President

    and CEO

    wi l l

    be

    President

    and

    CEO

    ohe

    new

    MG. Mike

    M c G e e , LM

    h a i r m a n

    andCEO

    ill s e r v e

  • 8/15/2019 058-2000 LTC

    6/8

    SMG

    and LMI

    Merge

    P a ge

    2

    ombined

    c o m p a n i e son

    r a n s i t i o n

    and

    business

    d e v e l o p m e n t

    issues.

    Wes

    e s t l e y said, "thenex

    seve ra l

    yea rs will be

    an

    x c i t i n g

    and

    c h a l l e n g i n g t ime

    fo

    ou

    n d u s t r y .

    The

    e r g e ro

    these

    o m p a n i e s

    wll

    r o v i d e for the

    bes

    p r a c t i c e s

    o

    these

    industry

    l e a d e r s

    to

    be

    melded

    t o g e t h e r

    for

    thee n e f i t

    o

    ou

    c l i e n t s .

    B

    joining

    forces

    wth LMI,

    we

    wll

    r e a t e

     a

    o m p a n y

    tha

    can

    r o v i d e

    the

    bes

    p p o r t u n i t y

    fo

    ou

    l i e n t s

    toe a l i z e

    thee n e f i t s

    o

    rvae

    m a n a g e m e n t .

    W e s t le y

    added, "we

    have

    t r e m e n d o u s

    r e s p e c t

    fo

    Mke

    c G e e

    a n d

    hs

    a n a g e m e n t

    team.

    They have

    b u i l t

    a

    terrific

    ompany whose

    c u l t u r e

    and

    p p r o a c h

    tou s i n e s s wll

    m e s h well

    wth

    ours."

    Mke c G e e s a i d , ave

    h a d

    a

    ealthy

    r e s p e c t

    fo

    SMG

    over

    the

    years.

    Ther

    business

    s u c c e s s

    and

    c c o m p l i s l m l e n t iswel

    k n o w nand

    documented

    t h r o u g h o u t

    ou

    ndustry.

    McGee

    added, "

    The

    e r g i n g

    o

    our

    two

    o m p a n i e s wll

    create

    expanded

    o p p o r t u n i t i e s

    fo

    l i e n t s

    and

    ou

    m p l o y e e s

    a n d

    fits

    very

    well

    wth

    each

    o m p a n y

    strategic

    g r o w t h

    panMcGee c o n t i n u e d ,

    The

    e r g i n g

    o

    IvlU

    and

    LMI

    wll

    provide

    beter

    p p o r t u n i t y fo

    ou

    m p l o y e e s

    andnsure

    our

    b i l i t yto

    e l i v e r foouc l i e n t s ,

    I

    m

    ooking

    f o r w a r d

    to

    o r k i n g wth

    W e s and

    the

    SMG

    t e a m asweol d ths

    new

    c o m p a n y

    and

    evelop

    fuue

    p p o r t u n i t i e s . While there

    ae

    m m e d ia t e b e n e f i t s tous

    al,

    he

    reavalue

    wi l l

    be

    ong

    ternl

    foou

    clients,"The

    new

    o m p a n y

    wll

    provide

    a n a g e m e n t

    s e r v i c e s

    for

    the

  • 8/15/2019 058-2000 LTC

    7/8

    SMG

    and

    LMI

    Merge

    P a g e

    3

    LLTEL

    Arena

    ALL

    TEL

    S t a d i u m

    Ther e n a

    in

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