Blackstone Acquires Enverus for $65 Billion, Boosting Energy Data Sector

Blackstone Group, the world's largest alternative asset manager, has agreed to acquire Enverus, a leading provider of energy data and analytics. This acquisition is valued at 65 billion dollars, marking a significant move in the private equity sector, which has shown signs of recovery after a period of stagnation. The deal comes as economic uncertainty eases and the potential for interest rate cuts, combined with pent-up demand for transactions, creates a favorable environment for mergers and acquisitions following a slowdown caused by tariffs.

The Chief Operating Officer of Blackstone had previously stated that the period of transaction stagnation is over. This acquisition is Blackstone's latest investment in the energy sector. Earlier this year, one of its divisions agreed to acquire a 774-megawatt natural gas power plant in Virginia. Enverus, founded in 1999, provides analytical data and benchmark data sourced from American energy producers and over 40,000 suppliers. The company, headquartered in Austin, Texas, has over 8,000 clients in 50 countries, including exploration and production companies, as well as power and utility companies.

The sale of Enverus was initiated by a private equity firm, which attracted interest from multiple acquisition companies and other enterprises. In 2021, the private equity firm acquired Enverus from another private equity firm for 42.5 billion dollars. The transaction is expected to close by the end of 2025. Royal Bank of Canada Capital Markets and a law firm advised Blackstone on the deal. Citigroup, Morgan Stanley, and another law firm advised Enverus and the private equity firm.

Enverus' Chief Executive Officer expressed enthusiasm about the acquisition, stating that Blackstone shares the belief that the future of energy will be defined by artificial intelligence, real-time intelligence, and bold execution. The global influence of Blackstone, along with its deep expertise in energy, infrastructure, and data-intensive industries, is expected to accelerate Enverus' growth trajectory. This acquisition is seen as more than just a transaction; it is considered a launchpad for future developments.