Blackstone to Acquire Enverus Energy-Data Platform

Blackstone has agreed to acquire energy-data platform Enverus from Hellman & Friedman and Genstar Capital. The terms of the transaction were not disclosed, and the deal is expected to close by the end of the year. Enverus provides data and analytics for the oil and gas industry, and the acquisition marks a strategic expansion for Blackstone's energy-focused portfolio.

New York, NY – Blackstone (NYSE: BX) has announced a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital. The terms of the transaction were not disclosed, and the deal is expected to close by the end of the year.

Enverus, founded in 1999, is a comprehensive data analytics platform empowering its customers’ capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. Enverus enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and 40,000 suppliers.

Manuj Nikhanj, CEO of Enverus, stated, "This is more than a transaction – it’s a launchpad. Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution. Their global reach and deep expertise across energy, infrastructure, and data-rich industries will accelerate our momentum – helping us scale faster, build smarter, and deliver transformational outcomes for our customers."

Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, added, "As the leading energy-dedicated SaaS platform, Enverus’ advanced analytics and technology solutions are critical for its customers as they navigate unprecedented AI-driven electricity demand growth and the broader energy transition. We believe Blackstone’s energy market expertise and network can further enhance the company’s growth trajectory, and look forward to partnering with Manuj and the Enverus team."

Ben Farkas, Partner at Hellman & Friedman, said, "After four years of tremendous partnership, Enverus stands as the clear SaaS, data, and analytics leader empowering the energy market. We set out with a mission to build on the company’s core strengths, accelerate innovation, and expand its reach across the energy value chain. Today they are pioneering GenAI-powered solutions, scaling into new markets, and enabling smarter and more efficient decisions for customers worldwide."

Eli Weiss, Managing Partner of Genstar Capital, commented, "Supporting Enverus through this exciting period of innovation and growth has been a great journey. We’re proud of the team’s achievements and are confident they are well positioned for continued success."

Enverus represents the latest in a number of recent transactions Blackstone has announced behind its high-conviction investment themes in electricity demand growth and the ongoing energy transition. Blackstone’s core private equity strategy, Blackstone Energy Transition Partners, and Blackstone’s private equity strategy for individual investors are each expected to invest in Enverus as part of this transaction.

This acquisition marks a strategic expansion for Blackstone's energy-focused portfolio, leveraging Enverus' advanced analytics and technology solutions to navigate the complex energy market.

References:
[1] https://www.enverus.com/newsroom/blackstone-announces-agreement-to-acquire-enverus/
[2] https://www.businesswire.com/news/home/20250805990991/en/Blackstone-Announces-Agreement-to-Acquire-Enverus