Trilantic Capital Partners Completes Acquisition of Majority Interest in Fluid
NEW YORK, July 3, 2014
NEW YORK, July 3, 2014 /PRNewswire/ --Trilantic Capital Partners
("Trilantic"), First Trust Capital Partners ("First Trust") and Volant Energy
Partners ("Volant"), have completed the acquisition of a majority interest in
Fluid Delivery Solutions LLC ("FDS" or the "Company"), an oilfield water
management company primarily engaged in fresh water transfer and storage in
premier oil and gas basins, including the Marcellus, Utica, Permian, Eagle
Ford, Eaglebine and Niobrara. FDS will continue to be led by CEO Dan
Dunkelberg and the management team will retain a meaningful stake in the
business going forward. Financial terms of the transaction were not
"We look forward to entering the next stage of our growth strategy and are
confident that our new partnership will successfully lead FDS to achieve our
shared goals for the Company," said FDS CEO Dan Dunkelberg.
Privately owned and operated by petroleum engineers, FDS has developed a
best-in-class reputation for safety, execution and customer service. The
Company serves a blue chip customer base across major unconventional shale
plays throughout the U.S. Trilantic, First Trust and FDS management have all
committed significant additional capital to fund organic growth and the
acquisition of complementary services.
Latham and Watkins and Chapman and Cutler served as counsel for the investor
group. The seller was represented by Norton Rose Fulbright.
About Fluid Delivery Solutions
Fluid Delivery Solutions is an oil and gas service company headquartered in
Fort Worth, Texas. The company is focused on delivering best in class fresh
water transfer and containment services to the oil and gas industry. Since
January 2011, when operations began in Oakdale, Pennsylvania, FDS has grown
toover 400 employees. The company's tremendous growth can be attributed to
management's ability to attract and retain the most experienced and qualified
personnel. With its qualified staff, FDS has developed a reputation for
excellence in managing complex freshwater solutions. For more information
about FDS, visit www.fdsllc.com.
About Trilantic Capital Partners
Trilantic is a private equity firm focused on control and significant minority
investments in North America and Europe, with a primary investment focus in
North America in thebusiness services, consumer, energy and financial
services sectors. Trilantic's investment in FDS follows two recent exits by
the firm in the energy sector: the sale of Enduring Resources' Permian Basin
assets and the IPO and secondary share sale of Antero Resources Corporation.
Trilantic currently manages five institutional private equity funds with
aggregate capital commitments of $6.1 billion and has committed nearly $2.5
billion to the energy sector. For more information, visit www.trilantic.com.
About First Trust Capital Partners
First Trust Capital Partners is a private equity firm focused on investments
across several sectors and industries in the United States. FTCP enjoys
working alongside successful management teams through investments with
entrepreneurs and strategic partners.
About Volant Energy Partners
Volant is a private equity firm built on over 25 years of expertise in
partnering to create value for high growth upstream, midstream and oilfield
service businesses led by top management teams. For more information, visit
SOURCE Trilantic Capital Partners
Contact: Trilantic Capital Partners, Gabriella Schoff, Prosek Partners, Tel:
212.279.3115 ext 243, Email: firstname.lastname@example.org
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