Fluid Delivery Solutions, which is backed by Trilantic Capital Management L.P., has named Richard J. Alario as executive chairman of its board of directors. Currently, Alario is presiding director of Kirby Corporation and chairman of its corporate governance and nominating committee. Headquartered in Fort Worth, Texas, FDS is an oil and gas service company.
Fort Worth, Texas – November 12, 2018 – Fluid Delivery Solutions, LLC (FDS), a leading oilfield water management company with operations across the Permian, Eagle Ford, Eaglebine, Marcellus and Utica basins, today announced the appointment of Richard “Dick” J. Alario as Executive Chairman of the Board of Directors. Mr. Alario has a distinguished career in both domestic and international energy markets, having held top-level positions across oilfield services businesses in the United States, United Kingdom, Latin America and Middle East, most recently as Chairman and CEO of Key Energy Services, where he served between 2004 and 2016. In his capacity as Executive Chairman, Mr. Alario will work closely with Jess Foshee and Philip Kuntz, FDS’s Co-Presidents, and lead the company’s Board of Directors, with a focus on instilling operational excellence and carrying out strategic initiatives.
“FDS operates in one of the most critical subsegments of oilfield services—water management—and through its full-suite of capabilities and unrelenting focus on providing best-in-class service to its customers, has grown into a leading platform within the oilfield water management space,” said Mr. Alario. “I look forward to working with management and the Board to capitalize on a tremendous market opportunity and further cement FDS as the leader in oilfield water management services.”
Mr. Alario is currently the Presiding Director of Kirby Corporation (NYSE: KEX) and Chairman of its Corporate Governance and Nominating Committee, as well as a member of its Audit Committee. Additionally, he serves as a Director of DistributionNOW (NYSE: DNOW), where he is Chairman of the Compensation Committee and a member of the Corporate Governance and Nominating Committee.
Mr. Alario is Chairman Ex-Officio of the National Ocean Industries Association (NOIA) and has served as Director or member of several other energy companies, industry groups and trade associations throughout his career.
“We are excited to have Dick join the Executive Team at FDS and believe his experience working with operators across unconventional North American basins will be incredibly valuable in supporting the Executive Team at FDS,” said Mr. Kuntz, Co-President / CFO of FDS. “Dick’s customer relationships and ability to execute multi-basin initiatives will be tremendously valuable as we embark on the next stage of growth at FDS,” added Mr. Foshee, Co-President / COO of FDS.
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 800 employees and currently operates in the Permian, Eagle Ford, Eaglebine, 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.
FDS is backed by Trilantic Capital Management L.P. (“Trilantic North America”), a private equity firm with investments in the business services, consumer and energy sectors. Trilantic North America currently manages six private equity fund families with aggregate capital commitments of $9.1 billion. For more information about Trilantic North America, visit www.trilanticnorthamerica.com.