Peak Rock Capital Affiliate Sells Spatial Business Systems to Enverus

The sale comes after Peak Rock more than quadrupled SBS's annual recurring revenue and expanded its AI-powered software offerings.

Published on Mar. 4, 2026

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An affiliate of private investment firm Peak Rock Capital has signed a definitive agreement to sell Spatial Business Systems (SBS), a leading intelligent design automation platform for electric and gas utilities, to Enverus, a Blackstone-backed energy data analytics company. Under Peak Rock's ownership since 2022, SBS grew its annual recurring revenue from software by over four times and more than doubled its headcount through investments in sales, marketing, product development, and acquisitions.

Why it matters

The sale highlights the value that private equity firms can bring to software companies serving critical infrastructure industries like utilities. By investing in SBS's growth and innovation, Peak Rock was able to significantly scale the business and position it for continued success under new ownership.

The details

SBS offers a suite of AI-driven software solutions that automate and streamline engineering and design workflows for utilities and other critical network infrastructure assets. The company serves a blue-chip customer base that includes over 90% of the 25 largest investor-owned utilities in North America. Peak Rock accelerated SBS's growth by targeting investments in sales, marketing, geographic and end-market expansion, and new product development, including the creation of AI-powered design and reporting tools.

  • Peak Rock acquired SBS in 2022 from its founders.
  • Under Peak Rock's ownership, SBS more than quadrupled its annual recurring revenue from software.

The players

Peak Rock Capital

A leading private investment firm focused on the middle-market that acquired SBS in 2022.

Spatial Business Systems (SBS)

A leading intelligent design automation platform for electric and gas utilities and other critical infrastructure assets.

Enverus

A leading energy data analytics platform backed by Blackstone, the acquirer of SBS.

Jordan Campbell

Senior Managing Director of Peak Rock.

Dave Alter

Managing Director of Peak Rock.

Al Eliasen

President and Chief Executive Officer of SBS.

Anthony DiSimone

Chief Executive Officer of Peak Rock.

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What they’re saying

“We are thrilled with the growth SBS has achieved under Peak Rock's ownership. Together with management, we executed on a shared vision to drive transformational growth, converting the business to a highly recurring subscription revenue model and investing heavily in sales and marketing and AI tools.”

— Jordan Campbell, Senior Managing Director of Peak Rock (PRNewswire)

“It has been an incredible experience collaborating with, and working alongside, the SBS team. We are proud of the success SBS has achieved under our ownership and are confident that the Company is well-positioned for continued innovation in its next chapter of growth.”

— Dave Alter, Managing Director of Peak Rock (PRNewswire)

“SBS is a special business, and we are thankful for Peak Rock's partnership in building the business into a leading provider of intelligent design software for the electric & gas power markets. We also deeply appreciate the support of our employees, partners, and customers, and we look forward to continuing to deliver innovative solutions that advance the industry for years to come.”

— Al Eliasen, President and Chief Executive Officer of SBS (PRNewswire)

“This transaction is another great example of Peak Rock's track record of successfully partnering with founder and family-owned software businesses to achieve transformational growth, including developing AI capabilities that unlock tremendous value for customers. We look forward to partnering with similar businesses that can benefit from our value creation capabilities and proven track record.”

— Anthony DiSimone, Chief Executive Officer of Peak Rock (PRNewswire)

The takeaway

The sale of SBS to Enverus demonstrates how private equity firms like Peak Rock can drive significant growth and innovation in software companies serving critical infrastructure industries. By investing in SBS's product development, sales, and marketing, Peak Rock was able to transform the company into a leading provider of intelligent design automation tools for the utilities sector.