FT. WORTH, TEXAS, OCTOBER 27, 2016 -- Fluid Delivery Solutions LLC, a leading provider of oilfield water management services in the Permian, Eagle Ford, Marcellus and Utica basins, today announced the acquisition of Raging Bull Oilfield Services LLC, a water transfer and equipment rental business focused on the Permian basin.
Established in 2012 and based in Carlsbad, New Mexico, Raging Bull has developed a reputation for safety, reliability and operational excellence by delivering top-tier customer service throughout the southeast New Mexico and West Texas regions.
"We look forward to partnering with the Raging Bull team and are excited to welcome them to the FDS family. We are eager to integrate Raging Bull's capabilities to further enhance FDS’s expanded suite of oilfield water management solutions," said Philip Kuntz, President and CFO of FDS. "The team at Raging Bull share a similar 'customer first' approach and will be a valuable addition to the FDS franchise," added Dan Dunkelberg, founder and CEO of FDS.
"Fernando and I are thrilled to be a part of the FDS family, which will ensure we have access to the capital resources necessary to serve our growing customer base throughout the Delaware Basin in southeast New Mexico," said Martin Lebrun, co-founder and CEO of Raging Bull. Raging Bull will maintain its Carlsbad office and the Raging Bull team will retain their roles within the expanded organization.
Raging Bull represents FDS's second acquisition in the Permian basin and third of 2016.
FDS is a portfolio company of Trilantic North America, a private equity firm.
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 water transfer, containment, sourcing and treatment services to the oil and gas industry. Since January 2011, when operations began in Oakdale, Pennsylvania, FDS has grown to over 500 employees and operates in the Permian, Eagle Ford, Marcellus and Utica basins. 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 oilfield water solutions. For more information about FDS, visit www.fdsllc.com.
About Trilantic North America
Trilantic North America is a private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer, energy and financial services sectors. As of June 30, 2016, Trilantic North America currently manages four private equity funds with aggregate capital commitments of $5.9 billion. To date, Trilantic North America's energy team has committed approximately $3.2 billion in capital across 24 energy investments. For more information, visit www.trilantic.com.