Blackstone to acquire Enverus in major energy data analytics deal

(WO) — Blackstone has reached a definitive agreement to acquire Enverus, a leading energy data analytics and intelligence platform, from Hellman & Friedman and Genstar Capital. Terms of the transaction were not disclosed.

Enverus, founded in 1999, provides real-time analytics, insights, and benchmark data across the energy ecosystem, supporting capital allocation and asset optimization decisions. The company has 8,000 customers in 50 countries, including partnerships with more than 95% of U.S. energy producers and 40,000 suppliers. It is recognized as the largest and fastest-growing SaaS provider dedicated to the energy market.

“This is more than a transaction – it’s a launchpad,” said Manuj Nikhanj, CEO of Enverus. “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.”

Blackstone said Enverus’ advanced analytics are increasingly critical as customers navigate AI-driven electricity demand growth and the energy transition.

“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,” said Eli Nagler and Bilal Khan, senior managing directors at Blackstone. “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.”

Hellman & Friedman and Genstar Capital, which helped scale Enverus’ reach and innovation over the past four years, said the company is now positioned as a leader in generative AI-powered solutions for the energy market.

The deal follows other Blackstone investments in electricity demand growth and energy transition, including Potomac Energy Center, Sediver, Westwood Professional Services and Trystar. Closing is expected by year-end, pending customary conditions. Citi and Morgan Stanley advised Enverus and Hellman & Friedman, while RBC Capital Markets advised Blackstone.