Blackstone has reached a definitive agreement to acquire Enverus, a data analytics and energy intelligence platform. The acquisition, from Hellman & Friedman and Genstar Capital, aligns with Blackstone’s investment focus on energy transition and growing electricity demand.
Founded in 1999, Enverus is a leading SaaS and analytics provider for the energy market. The platform provides real-time data and insights to over 8,000 customers across 50 countries, with partnerships established with the majority of U.S. energy producers.
The terms of the transaction were not disclosed, and the deal is expected to close by the end of the year. Both Blackstone Energy Transition Partners and Blackstone’s private equity strategy for individual investors are expected to invest in Enverus as part of the deal.
Advisors: Citi and Morgan Stanley served as financial advisors, while Kirkland & Ellis provided legal counsel to Enverus and Hellman & Friedman. RBC Capital Markets served as financial advisor, and Simpson Thacher & Bartlett served as legal advisor to Blackstone.
KEY QUOTES:
“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. It is thanks to a strong partnership with H&F that Enverus is the company we are today. I am incredibly proud of what our team has built – especially our breakthrough work in power markets – and more excited than ever for what comes next.”
Manuj Nikhanj, CEO of Enverus
“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.”
Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone
“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. The company’s growth and culture of innovation have set a new standard for the industry. It’s been a privilege to partner with Manuj Nikhanj, Jeff Hughes, and the full Enverus team. We are confident Enverus is exceptionally well-positioned to shape the future of global energy.”
Ben Farkas, Partner at Hellman & Friedman
“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.”
Eli Weiss, Managing Partner of Genstar Capital
