Real estate and investment management-focused services provider JLL announced today the acquisition of renewable energy-focused investment banking firm Javelin Capital, in a move described by the company as aimed at expanding its U.S. energy & infrastructure capital markets capabilities, and driven by rapid growth in the clean energy sector.

Founded in 2017, New York and Chicago-based Javelin is a boutique investment banking firm focused on companies in the renewable energy, energy storage and green chemistry sectors, providing services ranging from capital raising and M&A to restructuring, strategic buy-side advisory and project financing advisory.

Jason Segal, Founder and Managing Partner at Javelin Capital, said:

“We are incredibly excited to join JLL to collectively expand our reach and impact in the clean energy and infrastructure sector.”

According to JLL, the transaction comes amidst “unprecedented growth” in the clean energy sector, driven by factors including increasing demand, tightening regulations, technological advancements and the compelling economics of renewable energy, and creating increased opportunity for companies involved in capital raising, sell-side and buy-side advisory and project finance advisory.

JLL said that the acquisition will enable the company to serve as a globally connected capital advisor in energy and infrastructure, adding to established expertise in Europe and Asia, offering services to core and prospective clients who are large infrastructure investors, and to provide comprehensive solutions for new market entrants, public and private funding, and energy investments from existing clients.

Richard Bloxam, CEO, Capital Markets at JLL, said:

“Welcoming Javelin Capital to the JLL team expands our ability to guide clients with end-to-end support through the clean energy transition, bolstering our team in the U.S. to match our leading work in the space across Asia and Europe. This acquisition allows us to help clients realize the advantages of renewable, clean energy with the support of our Capital Markets and Real Estate Management Services teams.”

Javelin’s 16 employees will join JLL as part of its Capital Markets, Americas business, led by Mark Gibson.

The acquisition follows the launch earlier this year by JLL of a new Energy Advisory and Sustainability practice, aimed at providing energy-focused, end-to-end sustainability services to real estate investors and commercial and public sector clients.