Blackstone, the world’s largest alternative asset manager, has announced a definitive agreement to acquire Enverus, a leading energy data analytics and SaaS platform, from Hellman & Friedman and Genstar Capital. The deal, valued at over $6 billion, aligns with Blackstone’s focus on energy transition and AI-driven electricity demand growth, as reported on X on August 6, 2025.
Blackstone acquires Enverus for over $6.5 billion from H&F, Genstar.
Enverus serves 8,000 customers across 50 countries with energy analytics.
Platform leverages AI for real-time insights and decision-making.
Deal supports Blackstone’s energy transition investment strategy.
Enverus partners with 95% of U.S. energy producers, 40,000 suppliers.
Transaction expected to close by end of 2025.
Enverus, founded in 1999, is the largest and fastest-growing SaaS and analytics provider in the energy sector, empowering 8,000 customers across 50 countries with real-time analytics and insights. Its partnerships with over 95% of U.S. energy producers and 40,000 suppliers enable optimized capital allocation and asset decisions. “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.”
Blackstone’s acquisition aligns with its high-conviction investment themes in energy transition and AI-driven electricity demand. “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,” said Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone. The deal follows Blackstone’s recent investments in Potomac Energy Center, Sediver, and others, reinforcing its energy market strategy.
Enverus has solidified its position as a leader in energy analytics under Hellman & Friedman’s partnership. “After four years of tremendous partnership, Enverus stands as the clear SaaS, data, and analytics leader empowering the energy market,” said Ben Farkas, Partner at Hellman & Friedman. The company’s generative AI solutions and expansion into power markets have set new industry standards. “Supporting Enverus through this exciting period of innovation and growth has been a great journey,” said Eli Weiss, Managing Partner of Genstar Capital.
As shown in the finance card above, Blackstone’s stock (NYSE: BX) closed at $169.02 on August 8, 2025, reflecting a slight increase from the previous day’s close of $167.64. This acquisition, valued at over $6.5 billion, underscores Blackstone’s robust dealmaking in the private equity sector, which is showing signs of recovery. The transaction, expected to close by year-end, positions Enverus to scale rapidly with Blackstone’s global expertise.
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.
Enverus is the energy industry’s most trusted source for decision intelligence. With petabytes of proprietary data, deep domain expertise, and AI-native technology, Enverus empowers customers to invest smarter, operate more efficiently, and scale faster — across upstream, midstream, minerals, power, and renewables — all while navigating the most complex energy market in history.
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