Blackstone (BX) announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Enverus, a data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital. Terms of the transaction were not disclosed. The transaction is expected to close by the end of the year, subject to customary conditions. Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, said: “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. We believe Blackstone’s energy market expertise and network can further enhance the company’s growth trajectory, and look forward to partnering with Manuj and the Enverus team.”
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