JLL has agreed to acquire Javelin Capital, a North America-based renewable energy investment banking firm, for an undisclosed price.
The acquisition is aimed at enhancing JLL’s energy and infrastructure capital markets capabilities in the US.
JLL is a commercial real estate and investment management company listed on the New York Stock Exchange (NYSE).
The acquisition, which remains subject to regulatory approvals and customary closing conditions, is expected to be finalised shortly.
The deal aligns with JLL’s broader strategy of expanding its global presence in the energy and infrastructure sectors. The company has already completed more than 150 transactions across Europe and Asia, representing over $20bn in enterprise value.
The integration of Javelin Capital is expected to complement JLL’s existing expertise and strengthen its capital markets platform.
Javelin Capital, established in 2017, specialises in mergers and acquisitions, restructuring, capital raising, debt advisory, and corporate finance, focusing on renewable energy, energy storage, and energy transition.
The firm’s 16 employees, including CEO and managing director Matt Eastwick, will join JLL’s capital markets, Americas division, led by Mark Gibson. The firm operates out of New York and Chicago and has experience in capital raising, buy-side and sell-side advisory, and project finance.
Javelin Capital CEO and managing director Matt Eastwick said: “We will be able to provide clients with our domain expertise in the energy transition, driving to shape a greener future of spaces for the built environment.”
JLL stated that the acquisition would enhance its ability to support infrastructure investors, including both existing and prospective clients, by offering advisory services in public and private funding and energy investment.
The firm highlighted the rapid growth of the clean energy sector, driven by regulatory changes, technological advancements, and shifting economic factors that continue to make renewable energy an increasingly cost-effective option.
Javelin Capital’s team consists of former developers, investors, and banking professionals with experience in structuring, financing, and executing transactions in the sustainable energy space. The firm has been engaged in advising companies in energy transition-related sectors, including green chemistry and energy storage.
JLL capital markets CEO Richard Bloxam 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 US to match our leading work in the space across Asia and Europe.
“This acquisition allows us to help clients realise the advantages of renewable, clean energy with the support of our Capital Markets and Real Estate Management Services teams.”
