Thu, 20 Mar 2025 | BUSINESS SALE
Birmingham-based global assurance partner LRQA has bought US consulting, auditing and advisory firm EcoEngineers. It marks its fifth acquisition in as many months.
Des Moines-based EcoEngineers was founded by Shashi Menon and Jim Ramm founded in 2009. It is a consulting, auditing, and advisory firm with an exclusive focus on the energy transition. It offers technical expertise in low-carbon fuel production, climate regulations, carbon markets and innovative technologies.
According to its website LRQA operates in more than 150 countries with a team of more than 5,000 people. Its compliance, supply chain, cybersecurity and ESG specialists help more than 61,000 clients across almost every sector to “anticipate, mitigate and manage risk wherever they operate”.
As part of the acquisition, LRQA, backed by Goldman Sachs Alternatives, gains more than 120 sustainability experts to further strengthen its capabilities.
Menon, chief executive for EcoEngineers, said: "Joining LRQA is an exciting step forward for our team and our clients. We have built our reputation on delivering rigorous, science-based solutions to support businesses in their energy transition journeys. By integrating with LRQA, we gain the scale and global reach needed to expand our impact, while remaining true to our mission of ensuring credibility in carbon accounting and emissions verification."
Ian Spaulding, chief executive for LRQA, said: "This acquisition is a truly exciting expansion of LRQA's existing capabilities in carbon accounting, greenhouse gas (GHG) verification and sustainability strategy, and we're thrilled to welcome EcoEngineers to the team and to continue driving real impact our clients, people and planet. The regulatory landscape remains complex, with shifting state and international policies influencing corporate sustainability strategies. That's why, together with EcoEngineers, we’re here to help clients navigate that landscape."
LRQA was advised by DLA Piper and KPMG. EcoEngineers was advised by Finley Law and GreenFront Energy Partners.
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