Blackstone Agrees $6.5 Billion Enverus Acquisition

Blackstone has reached an agreement to acquire energy-data provider Enverus in a transaction valuing the company at roughly $6.5 billion, according to people familiar with the matter. The deal, which some reports place at “more than $6 billion,” marks one of the year’s largest private-equity purchases in the energy-technology space. Enverus—backed by Hellman & Friedman and Genstar Capital—collects and analyzes data on oil, gas and renewable assets for producers, traders and investors. The sellers will fully exit the company under the agreement, which is expected to close by the end of the year, subject to customary regulatory approvals.