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Investing.com -- Blackstone (NYSE:BX) Inc. has agreed to acquire energy data platform Enverus in a deal that could value the company at more than $6 billion, according to people familiar with the matter.
The private equity firm may announce the acquisition as early as Wednesday after outbidding competing suitors, said the sources, who asked not to be identified discussing private information. The purchase price could reach $6.5 billion if certain earnout provisions are met.
Austin-based Enverus is currently owned by Hellman & Friedman, which acquired the company from Genstar Capital in 2021. That earlier transaction valued Enverus at $4.25 billion including debt.
Representatives for Blackstone and Hellman & Friedman declined to comment on the potential deal.
In July, it was reported that Blackstone was a leading contender to acquire Enverus.
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