Blackstone To Acquire Energy SaaS Leader Enverus

Blackstone, a leading investment firm, has confirmed its plans to acquire Enverus, the largest software analytics provider focused on the global energy market. The acquisition will happen through Blackstone’s private equity funds, which include its core private equity strategy, its Energy Transition Partners strategy, and a private equity strategy for individual investors. This deal is a significant step in the changing dynamics of energy, data, and artificial intelligence.

Founded in 1999, Enverus serves over 8,000 customers in 50 countries, including more than 95% of U.S. energy producers and 40,000 suppliers. With a platform built on advanced analytics and real-time intelligence, Enverus helps energy stakeholders optimize capital allocation, improve asset performance, and manage the complexities of the global energy landscape. Its use of generative AI and data-driven insights has placed the company at the forefront of innovation in the energy sector.

This acquisition represents more than just a change of hands; it signals a major enhancement of Enverus' capabilities and market reach. With Blackstone’s backing, Enverus is expected to speed up its AI innovation and broaden its global influence. Blackstone's extensive network and in-depth industry knowledge in infrastructure, data, and energy will help Enverus grow quickly and unlock new opportunities in the energy value chain.

Manuj Nikhanj, CEO of Enverus, stressed the transformative potential of this deal, describing it as “more than a transaction—it’s a launchpad.” He noted that Blackstone shares Enverus’ vision of an AI-driven energy future and praised the firm’s capacity to boost the company’s growth. “Their global reach and deep expertise across energy, infrastructure, and data-rich industries will help us scale faster, build smarter, and deliver better outcomes for our customers,” Nikhanj stated.

He also recognized the important role that Enverus’ previous investors, Hellman & Friedman (H&F) and Genstar Capital, have played in establishing the company’s strong foundation. “It is thanks to a solid partnership with H&F that Enverus is what it is today. I am incredibly proud of our team's accomplishments—especially our groundbreaking work in power markets—and I am more excited than ever about our future,” he added.

From Blackstone’s viewpoint, this acquisition fits well with its broader investment strategy focused on electricity demand growth and the shift toward cleaner and more efficient energy systems. Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, highlighted the strategic importance of Enverus’ platform as electricity demands rise and the energy landscape evolves quickly. “We believe Blackstone’s energy market expertise and network can further boost the company’s growth,” they said, emphasizing the usefulness of Enverus’ AI technologies for customers responding to these changes.

Enverus’ ability to offer generative AI-powered solutions and real-time insights is increasingly viewed as essential for the energy industry, particularly as utilities, producers, and governments work to achieve climate goals and ensure a stable energy supply amidst rising volatility. From upstream oil and gas analytics to power market intelligence and emissions tracking, the company’s platform addresses various aspects of the energy ecosystem.

The acquisition also reflects the successful changes led by Hellman & Friedman, which bought Enverus in 2021 along with Genstar Capital. Over the past four years, H&F has collaborated with the Enverus team to enhance its technological capabilities, introduce new products, and expand into new markets. Ben Farkas, Partner at Hellman & Friedman, commented on the partnership: “After four years of remarkable collaboration, Enverus is now the clear leader in SaaS, data, and analytics for the energy market. We aimed to build on the company’s strengths, speed up innovation, and expand its reach across the energy value chain. Today, they are pioneering GenAI-powered solutions, entering new markets, and supporting smarter decisions throughout the industry.”

This transaction builds on a series of Blackstone investments in key areas such as electricity demand growth and the decarbonization of the global energy system. Previous investments include Potomac Energy Center, Sediver, Westwood Professional Services, and Trystar, a company that provides critical backup power solutions. The Enverus deal marks another significant move in Blackstone’s effort to place itself at the intersection of infrastructure, digital intelligence, and the energy transition.

While the financial details of the deal remain undisclosed, the strategic purpose is clear. With Blackstone’s support, Enverus is set to grow its technology and geographical presence, continue to shape the energy intelligence field, and play a crucial role in the next phase of the global energy transformation.