Blackstone has agreed to acquire Enverus, a leading provider of energy data and analytics, from Hellman & Friedman (H&F) in a deal that could value the company at up to $6.5bn, according to a report by Reuters citing an unnamed source familiar with the matter.
The deal, which is expected to close by the end of 2025, will see Blackstone commit between $6.1bn and $6.4bn, with roughly $3bn financed through debt. While official financial terms have not been disclosed, Reuters previously reported that Blackstone had emerged as the frontrunner in the competitive sale process.
For H&F, which acquired Enverus from Genstar Capital in 2021 for $4.25bn, the sale marks another win for its strategy of scaling and streamlining digital infrastructure assets across high-growth sectors. Advisors on the transaction included RBC Capital Markets and Simpson Thacher & Bartlett for Blackstone, while Citi, Morgan Stanley, and Kirkland & Ellis represented Enverus and H&F.
Founded in 1999 and headquartered in Austin, Texas, Enverus aggregates and analyses data from US energy producers and more than 40,000 suppliers. The company serves over 8,000 customers across 50 countries, spanning E&P firms, utilities, and energy infrastructure players.
The acquisition marks another strategic bet on the energy sector by Blackstone, following its January purchase of a 774-megawatt natural gas power plant in Virginia. The firm’s President and COO Jonathan Gray recently stated that the “dealmaking pause was behind us,” referencing renewed appetite across the private equity landscape.
