Enverus, an energy data analytics platform, announced that it has entered into a definitive agreement to acquire Spatial Business Systems (SBS), an AI-enabled intelligent design automation platform serving electric and gas utilities, telecommunications providers, and engineering teams.
The combination is designed to connect utility capital planning with engineering execution by integrating SBS’s design automation tools with Enverus’ analytics and planning intelligence platform. The move comes as utilities accelerate investment in grid modernization, infrastructure upgrades, and new generation capacity.
Utilities are expected to invest more than $1 trillion by the end of 2029 to modernize aging infrastructure, support electrification, and meet rising energy demand. Enverus believes the acquisition will help utilities plan, design, and deploy capital projects more efficiently by linking design workflows with planning systems, GIS environments, and enterprise data.
SBS offers a portfolio of engineering design solutions used across energy transmission, distribution, and substation projects, as well as telecommunications network design. The company’s products include Automated Utility Design (AUD), Substation Design Suite (SDS), BIM Substation Designer (BSD), and Automated Broadband Designer (ABD). These solutions help utilities automate engineering workflows, generate bills of materials, enforce design standards, and integrate design outputs with enterprise asset systems.
According to the companies, SBS technology can reduce engineering design cycle times by up to 90% and is widely used by utilities and engineering firms across North America, Europe, and Australia.
Enverus said the acquisition expands its capabilities across the power ecosystem by connecting planning intelligence, design automation, market analytics, and asset optimization into a unified platform for utility capital deployment.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. Evercore and Barclays served as financial advisors to Enverus.
KEY QUOTES
“Utilities are projected to spend over $1 trillion by the end of 2029 to modernize aging infrastructure, integrate new generation, and meet rising demand. The team at SBS has built mission-critical engineering tools that sit at the heart of utility capital programs. By combining their engineering design automation platform with Enverus’ planning intelligence and AI-driven analytics, we are building the operating platform for risk-adjusted utility capital deployment.”
Manuj Nikhanj, CEO of Enverus
“We are proud of the trust our customers have placed in our products to automate and accelerate engineering design and improve project consistency. Joining Enverus allows us to scale our innovation, expand our enterprise capabilities and embed richer data and analytics into the design process, just as utilities are being asked to do more with greater complexity than ever before.”
“SBS is a special business, and we are thankful for Peak Rock’s partnership in building the business into a leading provider of intelligent design software for the electric and gas power markets. We also deeply appreciate the support of our employees, partners, and customers, and we look forward to continuing to deliver innovative solutions that advance the industry for years to come.”
Al Eliasen, President And CEO Of Spatial Business Systems (SBS)
“We are thrilled with the growth SBS has achieved under Peak Rock’s ownership. Together with management, we executed on a shared vision to drive transformational growth, converting the business to a highly recurring subscription revenue model and investing heavily in sales and marketing and AI tools.”
Jordan Campbell, Senior Managing Director at Peak Rock Capital
“It has been an incredible experience collaborating with, and working alongside, the SBS team. We are proud of the success SBS has achieved under our ownership and are confident that the Company is well positioned for continued innovation in its next chapter of growth.”
Dave Alter, Managing Director at Peak Rock Capital
“This transaction is another great example of Peak Rock’s track record of successfully partnering with founder and family owned software businesses to achieve transformational growth, including developing AI capabilities that unlock tremendous value for customers. We look forward to partnering with similar businesses that can benefit from our value creation capabilities and proven track record.”
Anthony DiSimone, Chief Executive Officer Of Peak Rock Capital
