London-based assurance services provider LRQA announced that it has acquired energy transition-focused consulting, auditing and advisory firm EcoEngineers.

Founded in 2009, Iowa-based EcoEngineers was initially founded to steer low-carbon fuel producers through the complexities of emerging energy regulations in the U.S. The firm now advises businesses across the energy transition, providing expertise in areas including low-carbon production, climate regulations, carbon markets and innovative technologies. LRQA said that EcoEngineer’s 120 engineers, scientists, auditors, consultants, and researchers will join the firm under the acquisition.

LRQA CEO, Ian Spaulding, 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 for 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.”

The transaction marks LRQA’s fifth acquisition in five months. The company’s recent acquisitions include supply chain carbon management solutions provider RESET Carbon, human rights advisory organization Ergon Associates, and Hong Kong-based supply chain sustainability and risk management services solutions provider ELEVATE.  LRQA said that the acquisition of EcoEngineers will enhance that firm’s U.S. presence, while also supporting its expansion into the European market, where sustainability regulations continue to expand.

Shashi Menon, CEO of 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.”

LRQA, formerly the business assurance and cybersecurity unit of Lloyd’s Register, was acquired by Goldman Sachs Asset Management in 2021. The company offers assurance services aimed at enabling companies to navigate and manage risk, including environmental conformity assessments.