Blackstone to Acquire Energy SaaS Platform Enverus from Hellman & Friedman, Genstar Capital 

Blackstone has announced that private equity funds affiliated with the firm have agreed to acquire Enverus, a leading SaaS and analytics platform for the energy market, from current owners Hellman & Friedman and Genstar Capital. Founded in 1999, Enverus provides real-time intelligence and AI-enabled insights to more than 8,000 customers across 50 countries, including over 95% of U.S. energy producers and 40,000 suppliers. 

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

The acquisition aligns with Blackstone’s energy transition and infrastructure investment strategy, following recent deals in Potomac Energy Center, Sediver, Westwood Professional Services, Trystar, and others. The firm’s flagship private equity strategy (Blackstone Energy Transition Partners) and its private equity vehicle for individual investors are both expected to invest in Enverus as part of the transaction. 

Terms of the deal were not disclosed, though the transaction is expected to close by year-end. Citi and Morgan Stanley served as financial advisors to Enverus and its current owners, while RBC Capital Markets advised Blackstone. Legal counsel was provided by Kirkland & Ellis LLP for the sellers and Simpson Thacher & Bartlett LLP for Blackstone.