Hellman & Friedman Completes Acquisition of Enverus

June 10, 2021 Stu Turley Finance, M & A
Austin, TX (June 10, 2021) — Enverus, a global leader in energy data analytics and SaaS technology, today announced the completion of its acquisition by Hellman & Friedman (H&F), a premier global private equity firm. The transaction was previously announced on April 13, 2021, and values Enverus at $4.25 billion, including the assumption of debt. Genstar Capital (Genstar), which had been Enverus’ majority owner since 2018, will continue to hold a significant minority stake in the company.

The closing of this transaction represents a significant milestone for Enverus — a data analytics and SaaS technology company which provides market-leading software and analytics solutions for companies that serve the energy industry. Enverus empowers companies to transform traditional decision making by accessing innovative cloud technology, predicative analytics, artificial intelligence and machine learning and industry-leading intellectual capital. The company has more than 6,000 customers across the entire energy mix, including 21 of the Top 25 Global Energy Companies, from E&P and midstream to power and utilities companies.

“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.”
About Stu Turley 3357 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

Related Articles