Novus Consulting Acquires Magnum Forge to Expand Energy Transformation Capabilities

Acquisition strengthens Novus's ability to deliver integrated Field-to-Finance solutions for upstream oil and gas companies.

Feb. 2, 2026 at 7:07pm

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Novus Consulting, a leading energy-focused consulting and technology firm, has acquired Magnum Forge, an established systems integrator and consulting firm specializing in software optimization, implementation, and integration services for upstream oil and gas companies. The acquisition combines Novus's expertise in energy operations with Magnum Forge's deep knowledge of upstream financial systems, enabling the delivery of more integrated, end-to-end data and technology programs for energy clients.

Why it matters

The acquisition reflects the growing demand from upstream operators for integrated financial, operational, and data-driven transformation solutions. By bringing Magnum Forge into the Novus platform, the combined firm is better positioned to support larger and more complex technology programs, helping energy companies modernize their technology, build digital solutions, and unlock measurable business value from their data and systems.

The details

Under the agreement, Magnum Forge's leadership and client teams will join Novus Consulting, maintaining continuity of service while benefiting from Novus's broader technology and strategic advisory resources. Clients can expect an enhanced set of offerings that combine Magnum Forge's proven implementation and optimization skills with Novus's deep expertise in data strategy, digital transformation, and enterprise integrations.

  • Novus Consulting acquired Magnum Forge on February 2, 2026.

The players

Novus Consulting

A leading energy-focused consulting and technology firm that delivers transformation strategy, data and AI enablement, systems modernization, and business process optimization for energy organizations.

Magnum Forge

An established systems integrator and consulting firm specializing in software optimization, implementation, and integration services for upstream oil and gas companies.

Kate Stevenson

The CEO of Novus Consulting.

Russell Corl

The Managing Partner of Magnum Forge.

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What they’re saying

“Together, we are better positioned than ever to meet the rapidly growing demand from upstream operators for integrated financial, operational, and data-driven transformation.”

— Russell Corl, Managing Partner, Magnum Forge

“We are thrilled to welcome Magnum Forge to the Novus team. Together, we are creating a differentiated offering for our clients that combines Magnum Forge's deep expertise in upstream financial systems with Novus's leadership in energy operations — enabling data management, digital solutions, and systems modernization to drive Field-to-Finance transformation for our clients.”

— Kate Stevenson, CEO, Novus Consulting

What’s next

The acquisition is expected to further strengthen Novus Consulting's position as a leading provider of integrated Field-to-Finance solutions for the energy industry, enabling the combined firm to better support the growing demand for digital transformation and data-driven optimization from upstream oil and gas companies.

The takeaway

The acquisition of Magnum Forge by Novus Consulting underscores the increasing importance of integrated, end-to-end solutions that connect operational, financial, and data platforms for energy companies seeking to drive digital transformation and unlock measurable business value from their technology investments.