JLL Corporate Solutions Acquires ATG
Firms do not always have the relevant expertise they need to enter a new market, but that doesn't mean they can't pursue it. Sometimes, the best option is to make a deal with another firm that already deals with this market.
Recently, JLL Corporate Solutions, a professional services and investment management firm, announced that it would be acquiring Advanced Technologies Group. ATG is one of the leading firms that helps health systems and universities better address regulatory compliance.
According to a press release, JLL wants ATG to help it offer real estate services to the health care market and become a leader in this area. ATG already has experience automating the regulatory compliance process and replacing time-consuming paper documentation with digital solutions.
"Bringing ATG's expert services and innovative technologies together with our facilities management expertise will fundamentally alter the way our clients approach regulatory compliance," said Pete Bulgarelli, Executive Managing Director at JLL. "We will help them achieve better insight into their physical environments with solutions that are customized to meet the specific real estate needs of different industries."
When ATG joins JLL, the hope is that its 90-member team will continue to make great strides in hospital management.
"By combining our expertise with the broad resources at JLL, we can help hospitals and health systems address the challenging issues they face by standardizing their management processes and enhancing the operational efficiency of their real estate portfolios," said Mike Hakbaz, President & CEO of JLL.
A mergers and acquisitions firm can help you negotiate a great deal that will put your company on solid footing for the future.