Harris Williams & Co. Advises SMG Holdings, Inc. on its Investment from Onex Corporation

January 23, 2018

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised SMG Holdings, Inc. (SMG), a portfolio company of Northlane Capital Partners, LLC (NCP), on its investment from Onex Corporation (Onex; TSX: ONEX) in partnership with its existing management team. SMG is one of the leading global managers of convention centers, stadiums, arenas, theatres, performing arts centers and other venues. The transaction was led by Bob Baltimore, Derek Lewis, Anthony Basmajian, Taylor Morris and Victoria Mercer of Harris Williams & Co.’s Business Services Group.

“SMG is the gold standard in outsourced venue management and has continued to redefine the industry since its founding. The company’s ability to seamlessly serve a global footprint of venues of varying types and sizes is unmatched in the industry. The management team has truly created a special platform,” said Bob Baltimore, a managing director at Harris Williams & Co.

“It has been a privilege to work alongside Wes and the broader management team throughout this transaction. We are excited to have found a great partner in Onex that share in management’s strategic vision for the business,” said Derek Lewis, a managing director at Harris Williams & Co.

Founded 40 years ago, SMG manages nearly 240 venues globally and offers a comprehensive suite of services, allowing venue owners to outsource all facets of day-to-day operations, including facility staffing and training, food and beverage, event booking and management, event promotion, exhibitor services, financial management and ongoing maintenance services.

Based in Bethesda, Maryland, NCP invests in control buyouts in middle market companies based in North America. The firm focuses on three sectors: healthcare, outsourced business services and industrial technology. NCP generally looks for platform companies with EBITDA of $5 million to $30 million.

Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $30 billion of assets under management, including $6.7 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services.  For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.