April 1, 2025
Investment

Jones Lang LaSalle to acquire investment bank Javelin


Jones Lang LaSalle is expanding its footprint in the clean energy and infrastructure space with the acquisition of a renewable energy investment banking firm.

JLL has reached an agreement to acquire Javelin Capital, the Chicago-based real estate brokerage announced this week. The terms of the deal weren’t disclosed.

The acquisition will give JLL more connections to better serve existing and prospective clients who are large infrastructure investors, the brokerage 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,” Richard Bloxam, CEO of capital markets at JLL, said in a written statement announcing the deal. “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 deal comes as the clean energy sector is experiencing unprecedented growth fueled by rising demand, tightening regulations and advancing technology, according to JLL. Clean energy is becoming a more cost-effective choice of fuel as more regions deploy it, creating opportunities for companies raising money or advising in the space — areas of expertise for Javelin Capital.

“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,” Matt Eastwick, CEO and managing director at Javelin Capital, said in a statement.

Javelin Capital was founded in 2017 and has 16 employees based in New York and Chicago that specialize in renewable energy, energy storage and energy transition. 

JLL ranked No. 14 on Crain’s 2024 list of the Chicago area’s largest publicly traded companies, with $20.8 billion in revenue in 2023.

The acquisition is expected to close soon, pending regulatory approvals and closing obligations, JLL said.



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