Compass Buys Into AEG

Compass Group North America has purchased a 49 percent stake in AEG Facilities.

Compass has had a relationship with AEG since 1999 when it established a food service partnership at Staples Center in Los Angeles.

Compass Group PLC is a worldwide food and support services company that, with subsidiaries that include Levy and Thompson Hospitality, generates $25 billion annually.

Compass Group North America contributes $11 billion to that bottom line.

“We have relied on and trusted Compass as the food and beverage providers in many of our largest properties and, in turn, they have had a first-hand opportunity to see how AEG Facilities operates and provides services to the most successful venues in the world,” AEG President Tim Leiweke said.