Blackstone to Acquire Enverus for $6.5 Billion

Blackstone Inc. has agreed to acquire Enverus, Inc. from Genstar Capital and Hellman & Friedman for an estimated $6.5 billion. The deal is expected to close by the end of the year, subject to customary conditions. Citigroup, Morgan Stanley, and RBC Capital Markets advised Enverus, while Kirkland & Ellis LLP, Simpson Thacher & Bartlett LLP, and Genstar Capital advised Enverus and Hellman & Friedman.

Blackstone Inc. has agreed to acquire Enverus Inc., a leading energy data analytics platform, in a deal that could value the company at over $6.5 billion. The acquisition, expected to close by the end of the year, subject to customary conditions, marks a significant move for both Blackstone and Enverus. The transaction is advised by Citigroup, Morgan Stanley, and RBC Capital Markets for Enverus, and by Kirkland & Ellis LLP, Simpson Thacher & Bartlett LLP, and Genstar Capital for Enverus and Hellman & Friedman.

Enverus, founded in 1999, is known for its comprehensive data analytics platform, empowering customers across the energy ecosystem. With a customer base of over 8,000 clients in 50 countries, Enverus provides real-time access to analytics, insights, and benchmark data, drawing from more than 95% of U.S. energy producers and 40,000 suppliers. The platform leverages generative AI and partnerships to offer its customers smarter decision-making tools.

The acquisition aligns with Blackstone’s strategy of investing in high-conviction themes such as electricity demand growth and the ongoing energy transition. Enverus’ advanced analytics and technology solutions are critical for its customers navigating the AI-driven electricity demand growth and broader energy transition.

Enverus was previously owned by Hellman & Friedman and Genstar Capital. In 2021, Hellman & Friedman acquired Enverus from Genstar Capital for $4.25 billion including debt. The latest deal is expected to significantly increase Enverus’ valuation.

The transaction is expected to close by the end of the year, subject to customary conditions. Blackstone’s global reach and deep expertise across energy, infrastructure, and data-rich industries are anticipated to accelerate Enverus’ momentum, helping the company scale faster and deliver transformational outcomes for its customers.

Representatives for Blackstone and Hellman & Friedman declined to comment on the potential deal. Enverus is expected to continue operating under its current management team, led by CEO Manuj Nikhanj.

[1] https://www.blackstone.com/news/press/blackstone-announces-agreement-to-acquire-enverus/
[2] https://za.investing.com/news/stock-market-news/blackstone-to-acquire-energy-data-platform-enverus-in-6-billion-deal-93CH-3822674
[3] https://stocktwits.com/news-articles/markets/equity/blackstone-acquire-energy-data-platform-enverus-in-6-billion-deal/chr1ULHRd5R
[4] https://www.bloomberg.com/news/articles/2025-08-06/blackstone-is-said-to-agree-on-6-billion-plus-deal-for-enverus