SMG is wrapping up its 40th year with a new private equity firm as owner. Onex Corporation has agreed to acquire SMG Holdings Inc. in partnership with its existing management team.

It has been a solid path up for the private management and food and beverage firm, which was founded in 1977 by A.N. Pritzger, who formed Hyatt Management Group to manage the Mercedes-Benz Superdome, New Orleans, an account SMG has continued to manage for four decades.

Wes Westley, CEO of SMG, who joined th...

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