Blackstone private equity funds have signed a definitive agreement to acquire Enverus, the largest SaaS analytics provider dedicated to the energy market.
Enverus serves 8,000 customers across 50 countries, including over 95% of U.S. energy producers and 40,000 suppliers, leveraging AI-driven insights to optimize capital allocation and asset performance.
The acquisition is expected to accelerate Enverus’ AI and real-time intelligence capabilities, expanding its global reach and impact across the energy value chain.
Blackstone has signed a definitive agreement to acquire Enverus, the largest SaaS‑based energy data and analytics platform, from Hellman & Friedman and Genstar Capital. The deal will involve Blackstone’s Energy Transition Partners strategy alongside its core private equity strategy and its private equity strategy for individual investors.
Founded in 1999, Enverus provides real‑time analytics, insights, and benchmark data to help 8,000 customers in 50 countries — including more than 95% of U.S. energy producers — optimize capital allocation and manage assets across the energy value chain. Its platform integrates generative AI and advanced analytics to support decision‑making in a rapidly evolving energy landscape.
“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 Senior Managing Directors Eli Nagler and Bilal Khan said Enverus’ technology is “critical” for customers navigating 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,” they added.
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Ben Farkas, Partner at Hellman & Friedman, added: “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 decisions across the industry.”
The transaction builds on a series of Blackstone investments tied to high‑conviction themes in electricity demand growth and the global energy transition, including Potomac Energy Center, Sediver, Westwood Professional Services, and Trystar.
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