Trilantic Capital Partners has agreed to acquire a majority interest in Fluid Delivery Solutions, an oilfield water management company.
Fluid Delivery Solutions (FDS) is an oil and gas service company primarily engaged in fresh water transfer and storage in oil and gas basins, including the Marcellus, Utica, Permian, Eagle Ford, Eaglebine and Niobrara. The company is focused on delivering best in class fresh water transfer and containment services to the oil and gas industry. The company was founded in January 20111 and is headquartered in Fort Worth (www.fdsllc.com).
FDS will continue to be led by CEO Dan Dunkelberg and the management team will retain a meaningful stake in the business going forward.
“FDS offers an attractive investment platform in the oilfield water management space,” said Chris Manning, a Partner at Trilantic. “We are thrilled to partner with the exceptional FDS management team to continue serving their customers and execute on the tremendous growth opportunity ahead.”
“We look forward to entering the next stage of our growth strategy with Trilantic and are confident that our partnership will successfully lead FDS to achieve our shared goals for the company,” said Mr. Dunkelberg.
Trilantic Capital Partners makes control and significant minority investments in North America and European companies that have enterprise values of $100 million to $1 billion. Sectors of interests include business services, consumer, energy, financial services and media & telecommunications sectors. Trilantic was formed in 2009 by the former principals of Lehman Brothers Merchant Banking. Since its inception, Trilantic has made 14 new investments in North America and six in Europe. Trilantic currently manages four institutional private equity funds with aggregate capital commitments of $6 billion. The firm is based in New York (www.trilantic.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-19-14