Seattle, Wash., September 14, 2010 – Colliers International, the world’s third largest commercial real estate services organization, and ATREG (Advanced Technology Resource Group), Colliers’ advanced technology manufacturing services division, jointly announced today that they have formed a strategic business alliance. ATREG has spun off into its own, independent advisory firm.
Under the agreement, ATREG, as its own company, will continue to provide semiconductor and advanced technology manufacturing clients with a wide range of services, including selling entire businesses or business units, process and product IP, and strategic consulting. Moving forward, Colliers International, ATREG’s former parent company, will operate as ATREG’s preferred real estate provider serving the needs of ATREG’s clients globally.
ATREG is a leader in the rapidly growing global demand for single-source, strategic transaction advisory services in the semiconductor and advanced technology manufacturing industry, a market opportunity worth US$300 billion worldwide. The new business alignment between Colliers International and ATREG positions both enterprises to best leverage and focus on their individual, best-in-class service lines in a unique, highly specialized market.
ATREG will now operate out of its new headquarters in Seattle, Washington, led by Stephen Rothrock, who previously served as the ATREG division’s senior vice president and executive director. All ATREG division employees are transferring to the company’s new location.
“The ATREG division has evolved into a top-tier advisory team completing complex transactions for some of the sector’s largest, most recognized global companies in the semiconductor space,” said Dylan Taylor, Chief Executive Officer in the U.S. for Colliers International. “Moving forward as separate entities, Colliers International looks forward to continuing a close, preferred working relationship with ATREG, and accelerating our clients’ success.”
Colliers International established ATREG in 1998, when the division was retained to sell its first semiconductor manufacturing facility, and then evolved to further specialize, expand and brand within the advanced technology industry.
“The ATREG team would like to thank Colliers International for its invaluable support over the past 12 years,” adds Rothrock. “The key to our differentiation and success has been our unique combination of deep market knowledge and key industry relationships. Our objective moving forward is to continue to provide all the strategic transaction advisory services advanced technology companies need under one roof, expand our portfolio by staying on top of emerging market demand, and strengthen our foothold in key growing overseas markets such as Europe and Asia. Our customers already know us for best-in-class service, and can rely on nothing less for years to come as an independent company.”
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Based in Seattle, WA, ATREG is the only global advisory firm providing semiconductor and advanced technology manufacturing companies with all the strategic transaction and advisory services they need to accelerate the success of complex asset acquisitions and dispositions. Since its inception in 1997, ATREG has represented more than US$3 billion in transactions, including operational fabs and cleanrooms sold for their intended purpose and as a going concern. In addition to operational sales involving supply contracts, labor and IP, ATREG has successfully sold advanced technology manufacturing facilities for alternative uses. ATREG documents the global supply and demand for semiconductor fabrication facilities and cleanrooms via an extensive database, and helps develop, or is privy to, many companies’ strategic initiatives via key executive relationships. For more information, please visit us online at www.atreg.com.
About Colliers International
Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. As a subsidiary of FirstService Corporation, Colliers offers the stability of a strong financial partner and significant local ownership providing clients with accountability and enterprising real estate solutions. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. The Lipsey Company and National Real Estate Investormagazine ranked Colliers International as the world’s number two commercial real estate brand. For more information, please visit us online at www.colliers.com.