Blackstone to Acquire Energy Analytics Leader Enverus for $6.5 Billion

Blackstone Inc., the world's largest alternative asset manager, has agreed to acquire Enverus, a leading energy data and analytics provider, in a deal valued at approximately $6.5 billion. The acquisition, announced on August 6, 2025, is expected to close by the end of the year, pending customary regulatory approvals.

Enverus, founded in 1999 and headquartered in Austin, Texas, offers a comprehensive data analytics platform that serves over 8,000 customers across 50 countries. The company's services span the entire energy ecosystem, including upstream, midstream, minerals, power, and renewables sectors. Enverus leverages generative AI and partnerships with more than 95% of U.S. energy producers and 40,000 suppliers to provide real-time access to analytics, insights, and benchmark data.

This acquisition aligns with Blackstone's strategic focus on energy transition and AI-driven demand growth. Manuj Nikhanj, CEO of Enverus, emphasized the synergy between the two companies, stating, "Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution." He added that Blackstone's global reach and expertise in energy, infrastructure, and data-rich industries would accelerate Enverus' momentum, enabling faster scaling and smarter development.

The transaction is part of Blackstone's broader investment strategy in the energy sector. Earlier this year, Blackstone announced the final close of its energy-transition-focused private equity fund, Blackstone Energy Transition Partners IV, at its $5.6 billion hard cap. The fund is approximately 33% larger than its predecessor and aims to invest in cleaner, more reliable, and affordable energy solutions. Notable investments include Energy Exemplar, a software platform for grid reliability modeling; Sediver, a leading manufacturer of glass insulators for transmission grids; and Westwood Professional Services, a top engineering and consulting firm.

Financial advisors for the Enverus deal include RBC Capital Markets and Simpson Thacher & Bartlett for Blackstone, while Citi, Morgan Stanley, and Kirkland & Ellis advised Enverus and Hellman & Friedman.

The acquisition underscores the growing importance of data analytics in the energy sector, particularly in the context of the global energy transition and the increasing integration of AI technologies. By combining Blackstone's financial resources and strategic vision with Enverus' technological capabilities, the deal has the potential to drive innovation and efficiency in energy markets.

This acquisition is part of a broader trend of consolidation in the energy data analytics industry, reflecting the increasing value placed on data-driven decision-making in the energy sector. The deal also highlights the continued interest of private equity firms in energy infrastructure and technology investments.

As the energy landscape continues to evolve, the partnership between Blackstone and Enverus is poised to play a significant role in shaping the future of energy data analytics and the broader energy market.