Enverus to be Acquired by Blackstone in Landmark Deal
Deal News | Aug 06, 2025 | Hellman & Friedman LLC
Blackstone, the world’s largest alternative asset manager, has announced a definitive agreement to acquire Enverus, the preeminent data analytics and energy intelligence platform, from Hellman & Friedman and Genstar Capital. Founded in 1999, Enverus stands as a comprehensive data analytics platform that supports 8,000 customers across 50 countries. The acquisition marks a significant investment aligned with Blackstone's dedication to electricity demand growth and the energy transition. Senior Managing Directors at Blackstone, Eli Nagler and Bilal Khan, emphasized that Enverus’ capabilities are vital for its clients amid the rise in AI-driven electricity demands. Enverus CEO, Manuj Nikhanj, praised the pivotal role played by Blackstone in positioning the company for accelerated growth through their global expertise in energy sectors. Legal and financial advisors for the transaction include Kirkland & Ellis LLP and Citi & Morgan Stanley LLC, respectively, representing Enverus and Hellman & Friedman, and RBC Capital Markets and Simpson Thacher & Bartlett LLP for Blackstone. The deal, expected to close by year-end, is seen as a reflection of Blackstone’s strategic focus in the energy domain.
Sectors
- Energy
- Data Analytics
- Private Equity
- Technology
Geography
- United States – Enverus works with U.S. energy producers; Hellman & Friedman and Genstar Capital are based in the U.S.
- Global – Enverus serves 8,000 customers across 50 countries, indicating its global presence and outreach.
Industry
- Energy – The article discusses the acquisition of Enverus, an energy intelligence platform, highlighting the significance to the energy sector.
- Data Analytics – Enverus provides data analytics services which are central to the acquisition, showcasing their relevance to the sector.
- Private Equity – The acquisition involves transactions between major private equity firms Blackstone, Hellman & Friedman, and Genstar Capital.
- Technology – Enverus uses AI and technology for SaaS solutions in the energy sector, emphasizing the importance of technology.
Financials
- Not disclosed – The financial terms of the deal between Blackstone and Enverus sellers were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enverus | Target Company | Company | A leading energy intelligence data analytics platform acquired by Blackstone. |
| Blackstone | Acquirer | Company | The world's largest alternative asset manager acquiring Enverus. |
| Hellman & Friedman | Seller | Company | A global private equity firm selling Enverus as part of the transaction. |
| Genstar Capital | Seller | Company | Private equity firm involved as a seller in the Enverus acquisition deal. |
| Citi and Morgan Stanley & Co. LLC | Financial Advisor | Company | Acted as financial advisors to Enverus and Hellman & Friedman during the transaction. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Provided legal advice to Enverus and Hellman & Friedman for the transaction. |
| RBC Capital Markets | Financial Advisor | Company | Served as financial advisor to Blackstone during the acquisition. |
| Simpson Thacher & Bartlett LLP | Legal Advisor | Company | Served as legal advisor to Blackstone for the acquisition deal. |