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Blackstone Strikes Deal to Acquire Enverus in $6.5 Billion Transaction

By  |  August 6, 2025

Blackstone, the world’s largest alternative asset manager, announced Wednesday that it will acquire Enverus, a Texas-based energy data and analytics company, marking one of the most significant energy sector deals in recent months. The agreement comes amid signs that private equity dealmaking is rebounding after a period of sluggish activity, according to Reuters.

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    While Blackstone did not disclose financial details, Reuters reported—citing a source familiar with the matter—that the transaction values Enverus at approximately $6.5 billion. This move reflects a broader upswing in mergers and acquisitions as easing economic uncertainty, anticipated interest rate cuts, and pent-up demand help revive the market. Blackstone President and COO Jonathan Gray indicated last month that the “dealmaking pause” seen in recent years had ended, per Reuters.

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    The acquisition adds to Blackstone’s growing portfolio in the energy sector. Earlier this year, a Blackstone subsidiary agreed to purchase a 774-megawatt natural gas power plant in Virginia. Enverus CEO Manuj Nikhanj welcomed the partnership, stating, “Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution. Their global reach and deep expertise across energy, infrastructure, and data-rich industries will accelerate our momentum. This is more than a transaction — it’s a launchpad.”

    Related: Private Equity Firm Blackstone Exits TikTok US Buyout Talks

    Founded in 1999, Enverus serves over 8,000 clients in 50 countries, offering analytics and benchmark data from U.S. energy producers and more than 40,000 suppliers. The company has become a key resource for exploration and production firms as well as utilities and power providers.

    Reuters reported in May that private equity firm Hellman & Friedman (H&F) initiated the sale process for Enverus, attracting multiple bidders. H&F acquired the company from Genstar Capital in 2021 for $4.25 billion.

    Advisers on the deal include RBC Capital Markets and Simpson Thacher & Bartlett for Blackstone, while Citi, Morgan Stanley, and Kirkland & Ellis represented Enverus and H&F. The transaction is expected to close by the end of 2025.

    Source: Reuters