Hellman & Friedman, a global private equity firm, has completed the acquisition of Enverus, a global provider in energy data analytics and SaaS technology,. The transaction values Enverus at $4.25 billion, including the assumption of debt. Genstar Capital, which had been Enverus’ majority owner since 2018, will continue to hold a significant minority stake in the company.
“We’re very excited to complete this transaction and begin working closely with the H&F team,” said Jeff Hughes, CEO of Enverus. “H&F has an impressive track record in the SaaS space and this partnership will allow us to benefit from their significant expertise, experience and resources. Their investment will help accelerate our growth trajectory, and drive continued innovation, as we help our oil and gas customers leverage predictive analytics, artificial intelligence and machine-learning capabilities, while simultaneously expanding into renewable energy, power and ESG capabilities.”
“H&F has followed Enverus for years and our investment is a clear vote of confidence in its industry-leading product, strong team and incredible growth potential in a market that is being revolutionized by technology,” said Ben Farkas, partner at H&F. “We’re thrilled to partner with the team at Enverus as they continue to innovate and bring advanced SaaS solutions to energy customers around the world.”