Blackstone to Acquire Energy Data Leader Enverus for $6.5 Billion

Blackstone Inc., the world's largest alternative asset manager, has announced a definitive agreement to acquire Enverus, a leading energy data and analytics provider, for $6.5 billion. This acquisition underscores Blackstone's strategic focus on integrating advanced data analytics into the energy sector amid the ongoing global energy transition.

Founded in 1999 and headquartered in Austin, Texas, Enverus offers a comprehensive SaaS platform that delivers real-time analytics, insights, and benchmark data to over 8,000 customers across 50 countries. The company sources data from more than 95% of U.S. energy producers and 40,000 suppliers, positioning itself as a pivotal player in the energy market's digital transformation.

Manuj Nikhanj, CEO of Enverus, emphasized the transformative nature of the deal, stating, "This is more than a transaction – it’s a launchpad. Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution."

Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, highlighted the strategic alignment, noting, "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."

Enverus was previously owned by private equity firms Hellman & Friedman and Genstar Capital. In 2021, Hellman & Friedman acquired Enverus from Genstar Capital for $4.25 billion. The current transaction, expected to close by the end of 2025 pending customary conditions, marks a significant appreciation in Enverus' valuation over a short period.

This acquisition is part of Blackstone's broader strategy to invest in high-conviction themes such as electricity demand growth and the energy transition. In January 2025, Blackstone Energy Transition Partners agreed to acquire Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia. This facility is strategically located near over 130 data centers, positioning it to meet the growing power demands driven by AI and data center expansion.

Additionally, in July 2025, Blackstone announced a $25 billion investment in Pennsylvania to develop data centers and natural gas power plants. Jon Gray, Blackstone's President and Chief Operating Officer, highlighted the strategic advantage of co-locating data centers with power sources to reduce costs and expedite operations.

The acquisition of Enverus signifies a strategic move by Blackstone to integrate advanced data analytics into the energy sector, particularly as the industry navigates the complexities of the energy transition and increasing electricity demand driven by AI and data centers. Enverus' AI-driven platforms provide real-time analytics, predictive modeling, and decision-support tools that are critical for optimizing operations and managing risks in the evolving energy landscape.

As the energy sector continues to evolve, the integration of data analytics and AI is becoming increasingly vital. Blackstone's acquisition of Enverus positions the firm at the forefront of this transformation, leveraging data-driven insights to drive efficiency and innovation in energy management.