JLL has agreed to acquire Javelin Capital, a renewable energy investment banking firm with offices in New York and Chicago, for an undisclosed price.

“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,” said Richard Bloxam, CEO, Capital Markets at JLL. “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.“

The acquisition comes amid unprecedented growth in clean energy, driven by rising demand, stricter regulations, technological advancements, and increasingly attractive economics. JLL Research indicates renewable energy is becoming the most cost-effective fuel source, significantly increasing opportunities in capital raising, sell-side and buy-side advisory, and project financing—core strengths of Javelin Capital.