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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Ares Management
Ownership Structure: publicly traded (ticker symbol ARES)
Headquartered in: California
Major Industry: private equity (including portfolio companies)
Specific Industry: private equity (including portfolio companies)
| Subsidy Summary | Subsidy Value | Number of Awards |
| State/Local | $68,871,591 | 47 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $68,871,591 | 47 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $0 | 0 |
Time Period for State and Local Awards: Earliest year of data: 1998. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2012.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
| Indiana | $63,400,000 | 5 |
| Louisiana | $2,805,457 | 14 |
| New York | $1,690,278 | 16 |
| Pennsylvania | $828,000 | 2 |
| New Hampshire | $111,695 | 2 |
| All other | $36,161 | 8 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year | Subsidy Value  . | Loan/Bailout Value | Type of Subsidy |
| St. Joseph Energy Partners LLC | Indiana | local | 2015 | $60,000,000 | | MEGADEAL  |
| GTRC Services, Inc. | Indiana | state | 2012 | $1,500,000 | | tax credit/rebate |
| GTRC Services, Inc. | Indiana | state | 2019 | $1,500,000 | | tax credit/rebate |
| ASAP Industries LLC | Louisiana | state | 2012 | $635,631 | | property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 1998 | $455,954 | | tax credit/rebate; property tax abatement |
| The Neiman Marcus Group, Inc. | Pennsylvania | state | | $453,000 | | tax credit/rebate |
| Bergdorf Goodman, Inc. | New York | local | 1998 | $430,688 | | tax credit/rebate; property tax abatement |
| The Neiman Marcus Group, Inc | Pennsylvania | state | | $375,000 | | grant |
| ASAP Industries LLC | Louisiana | state | 2013 | $347,979 | | property tax abatement |
| ASAP Industries LLC | Louisiana | state | 2012 | $337,782 | | property tax abatement |
| ASAP Industries LLC | Louisiana | state | 2008 | $277,784 | | property tax abatement |
| ASAP Industries, LLC | Louisiana | state | 2016 | $262,395 | | property tax abatement |
| ASAP Industries, LLC | Louisiana | state | 2015 | $227,692 | | property tax abatement |
| Guitar Center Stores Inc. | Indiana | state | 2008 | $200,000 | | training reimbursement |
| GTRC Services, Inc. | Indiana | state | 2012 | $200,000 | | training reimbursement |
| ASAP Industries LLC | Louisiana | state | 2009 | $148,620 | | property tax abatement |
| ASAP Industries LLC | Louisiana | state | 2010 | $127,363 | | property tax abatement |
| ASAP Industries LLC | Louisiana | local | 2014 | $124,875 | | property tax abatement |
| ASAP Industries LLC | Louisiana | state | 2011 | $116,753 | | property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2011 | $97,727 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2015 | $94,630 | | tax credit/rebate |
| ASAP Industries LLC | Louisiana | state | 2012 | $92,737 | | property tax abatement |
| ASAP Industries LLC | Louisiana | local | 2014 | $82,239 | | property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2010 | $76,910 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2014 | $74,737 | | tax credit/rebate |
| Bergdorf Goodman, Inc. | New York | local | 2013 | $72,021 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2012 | $66,678 | | tax credit/rebate; property tax abatement |
| Warner Power Conversion | New Hampshire | state | 2010 | $65,100 | | training reimbursement |
| Bergdorf Goodman, Inc. | New York | local | 2006 | $57,477 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2007 | $48,694 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman | New York | local | 2004 | $48,489 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2005 | $48,127 | | tax credit/rebate; property tax abatement |
| Warner Power Conversion | New Hampshire | state | 2011 | $46,595 | | training reimbursement |
| Bergdorf Goodman | New York | local | 2003 | $45,295 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2016 | $37,362 | | tax credit/rebate |
| Bergdorf Goodman, Inc. | New York | local | 2008 | $18,106 | | tax credit/rebate; property tax abatement |
| Bergdorf Goodman, Inc. | New York | local | 2009 | $17,383 | | tax credit/rebate; property tax abatement |
| PACIFIC HANDY CUTTER, INC. | California | state | 2009 | $15,995 | | training reimbursement |
| ASAP Industries LLC | Louisiana | state | 2013 | $13,508 | | property tax abatement |
| ASAP Industries, LLC | Louisiana | state | 2015 | $10,099 | | property tax abatement |
| GUITAR CENTER STORES INC | Maine | state | 2014 | $4,686 | | property tax abatement |
| GUITAR CENTER STORES INC | Maine | state | 2016 | $4,150 | | property tax abatement |
| GUITAR CENTER STORES INC | Maine | state | 2015 | $2,995 | | property tax abatement |
| GUITAR CENTER STORES INC | Maine | state | 2017 | $2,920 | | property tax abatement |
| GUITAR CENTER STORES INC | Maine | state | 2018 | $1,957 | | property tax abatement |
| GUITAR CENTER STORES INC | Maine | state | 2019 | $1,957 | | property tax abatement |
| Service Experts of Utah | Utah | state | 2010 | $1,501 | | training reimbursement |
| THE NEIMAN-MARCUS GROUP, INC. | New Jersey | state | | undisclosed | | tax credit/rebate; property tax abatement |
| Confluence Watersports | South Carolina | state | 2010 | undisclosed | | tax credit/rebate |
| The Neiman Marcus Group | Texas | local | 2009 | undisclosed | | tax credit/rebate |
| THE NEIMAN-MARCUS GROUP, INC. | New Jersey | state | | undisclosed | | tax credit/rebate; property tax abatement |
| New England Confectionary Company | Massachusetts | state | 2003 | undisclosed | | tax credit/rebate |
| 99 Cents Only Stores | California | local | 2012 | undisclosed | | enterprise zone |
| 99 Cents Only Stores | California | local | 2012 | undisclosed | | enterprise zone |
| 99 Cents Only Stores | California | local | 2012 | undisclosed | | enterprise zone |
| INSIGHT GLOBAL INC | California | local | 2012 | undisclosed | | tax credit/rebate |
| THE NEIMAN MARCUS GROUP LLC | Texas | state | 2003 | undisclosed | | enterprise zone |
| THE NEIMAN MARCUS GROUP LLC | Texas | state | 2009 | undisclosed | | enterprise zone |
| The Neiman-Marcus Group, Inc. | Texas | state | 2013 | undisclosed | | enterprise zone |
| The Neiman Marcus Group LLC | Texas | state | 2017 | undisclosed | | enterprise zone |
