Austin, TX-based data analytics company Enverus has acquired upstream technology firm RS Energy Group (RSEG), a combination the partners said would help to accelerate machine learning and advanced information services for the energy industry.

Since private equity giant Warburg Pincus partnered with RSEG in 2015, the firm has grown nearly six-fold into a technology and data science-driven organization, Enverus noted.

Financial details about the combination were not disclosed.

“This is about accelerating innovation through high-powered technology and is another active step for Enverus in breaking down silos by building workflows across engineering, geology, land, operations, and so much more,” Enverus CEO Jeff Hughes said.

Enverus predecessor Drillinginfo was founded in 1999 and rebranded last summer. The company acquired GlobalView (MarketView), PRT and DataGenic in 2017; the units now make up the Trading & Risk segment. Between 2018 and 2019 the company acquired Oildex, Cortex and EnergyLink, which are part of the Business Automation segment.

RSEG’s Jim Jarrell and Manuj Nikhanj, co-CEOs and presidents, are joining Enverus also as co-presidents to oversee the Oil & Gas Analytics division.

“Timing of this transaction is amazing as the energy industry is in the first innings of its digital transformation,” Jarrell said. Nikhanj added, “In today’s energy environment, it’s no longer an option to ignore the power of data and analytics...Together we will continue to fast-track the industry’s digital transformation.”

Goldman Sachs served as financial adviser to Enverus, while Credit Suisse and Jefferies served as financial advisers to RSEG and Warburg Pincus. Kirkland & Ellis, LLP served as legal counsel for RSEG, while Enverus was represented by Simpson Thacher, Weil, Gotshal & Manges LLP, Ropes & Gray LLP and Irell & Manella LLP.