Market Overview

Frontier Integrity Solutions (FIS) Appoints Keyth Pengal as CEO and Oil & Gas Veteran Bill Boyer to the Board


FIS announced today that Keyth Pengal was appointed as CEO and added oil
and gas industry veteran Bill Boyer to its Board of Directors. These
appointments are effective immediately and further strengthen and
position FIS as a North American leader in oil and gas pipeline
inspection and integrity services.

"FIS has an over-40-year history of quality, trust, and honesty with its
customers, employees, and communities it serves. Keyth will further
strengthen these core values while bringing in his operating mettle,
coupled with Bill's 41 years of experience in oil and gas. This will be
a great one-two punch to help accelerate the growth of FIS and better
serve our customers, employees, and communities and be the premier
choice of pipeline inspection services," commented Cyrus Nikou, Chairman
of FIS and Founder and Managing Partner of Atar Capital.

Pengal brings over 25 years of operating experience, most recently as a
Managing Director of Atar's operating group, where he will remain as a
Senior Advisor. He helped lead the carve out of FIS from Team Inc.
(TISI) and helped stabilize operations and strengthen relationships with
the company's key customers. Prior to supporting Atar Capital, Pengal
held a number of executive positions/roles in operations, including Vice
President of Operations at Goldline International, where he led
technology and process improvements to help grow the company from $50
million to $850 million in 3 years. Keyth will report to the FIS Board.

Boyer is currently Senior Vice-President of Operations at Southcross
Energy Partners L.P. (SXE). Boyer retired from Occidental Petroleum
after an illustrious 39-year career where he was President of
Occidental's crude oil pipeline subsidiary, Centurion Pipeline, and
General Manager of Occidental's midstream operations business unit,
which included the Centurion Pipeline operations and a new marine
terminal at Ingleside, Texas.

"We are thrilled to welcome Bill to the FIS Board and to Atar Capital's
Senior Advisory Group," added Nikou. "Bill is a ‘salt-of-the-earth,'
well-respected leader and operator in the oil and gas industry with
significant pipeline inspection experience. We look forward to working
with Bill and charting the next chapter of FIS."

About Frontier Integrity Solutions (FIS)

FIS is a North American leader in oil and gas pipeline inspection and
integrity services. Serving their customers since 1975, FIS serves as an
independent, outsourced provider of inspection and integrity services
for all disciplines of pipeline, pipeline stations, terminals, power
plants, tank storage farms, and other energy related fields. FIS works
with 3,100+ professionals to place qualified Inspectors who act as the
Designated Operator Representative to supplement the pipeline operators'
management and employees in the construction and implementation of
pipeline, power plant, and mechanical integrity projects. FIS is
headquartered in Sand Springs, Oklahoma, serving customers in both the
U.S. & Canada.

About Atar Capital

Atar Capital is a global private investment firm that benefits from over
60 years of combined investing, operational, and management experience
from its principals having completed over 100 private equity
transactions across North America, Europe, and South America. Atar
invests in both performing and underperforming lower middle market
businesses. The firm specializes in corporate divestitures, and has a
track record of successfully performing complex carve-outs, bolt-on
investments/consolidations, turn-arounds, and major performance
improvement programs across a wide range of industries and geographical
markets. Headquartered in Los Angeles, California, Atar partners with
their portfolio companies to reach their full potential.

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