Blackstone to Acquire Energy Analytics Firm 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, marks a significant investment in the energy technology sector.

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 include real-time analytics, insights, and benchmark data, supported by partnerships with more than 95% of U.S. energy producers and 40,000 suppliers.

The transaction is expected to close by the end of 2025, subject to customary conditions. Financial advisors for the deal include Citi and Morgan Stanley for Enverus and Hellman & Friedman, while RBC Capital Markets advised Blackstone. Legal counsel was provided by Kirkland & Ellis for Enverus and Hellman & Friedman, and Simpson Thacher & Bartlett for Blackstone.

Manuj Nikhanj, CEO of Enverus, expressed enthusiasm about the partnership, 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 importance of the acquisition: "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."

This acquisition reflects a broader trend of increased mergers and acquisitions in the private equity sector, driven by easing economic uncertainties and potential interest rate cuts. Blackstone's investment in Enverus aligns with its strategy to enhance its portfolio in the energy sector, particularly focusing on data analytics and technology solutions that support the energy transition.

Blackstone's acquisition of Enverus marks a significant investment in the energy data analytics space, underscoring the growing importance of AI and real-time intelligence in the energy sector. As the industry continues to evolve, this strategic move positions Blackstone at the forefront of the energy transition, leveraging data-driven technology solutions to navigate the complexities of the modern energy landscape.