USDG’s senior management team has an average of over 25 years of experience in the energy, transportation, refining, logistics and financial industries. Additionally, the team has a demonstrated track record of sourcing and executing projects of all sizes and structures.
Chairman, Chief Executive Officer and President
Mr. Borgen is a co-founder of USDG and its predecessor companies and has served as Chairman, CEO and President of USDG since its inception. Additionally, Mr. Borgen served as President of U.S. Right-of-Way Corporation, a private company, since 1993. Prior to USDG, Mr. Borgen worked for 11 years in investment banking in mergers and acquisitions, portfolio management and strategic planning. He began his career with a private investment firm focused on the oil and gas industry. Mr. Borgen has served on the board of directors of several corporations and currently serves on the board of Vertex Energy Inc., an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Active in several community organizations, he is chair of the USD Foundation and a trustee of Boys and Girls Club of America. Mr. Borgen received a degree in petroleum management and finance from the University of Oklahoma. He was recognized by Goldman Sachs as one of 100 Most Intriguing Entrepreneurs in 2013 and was a finalist for Ernst and Young’s 2014 Gulf Coast Entrepreneur of the Year.
Executive Vice President, Chief Commercial Officer
Mr. Sanders joined USDG as Executive Vice President, Head of Market Strategy for USDG in May 2014 and became Executive Vice President, Chief Commercial Officer in October 2014. Mr. Sanders’ main focus at USDG is working with the leadership team to identify, develop and execute strategic commercial and market opportunities. Prior to USDG, Mr. Sanders spent 32 years at Koch Industries where he was primarily responsible for building and managing several of Koch’s global trading businesses, including businesses in the crude oil, NGLs, distillates, gasoline and gasoline components, and plastics value chains. He is a 1979 graduate of University of Kansas with a degree in business. He is a current Trustee for KU Endowment and a current member for the KU Endowment Investment Committee.
Executive Vice President, Chief Financial Officer
Mr. Altsuler joined USDG in April 2014 and has served as the Executive Vice President and Chief Financial Officer since June 2021. Prior to June 2021, Mr. Altsuler served as Senior Vice President and Chief Financial Officer of our sponsor and general partner. In addition he has served as Principal Accounting Officer since March 2020. Mr. Altsuler oversees the corporate finance, financial planning, treasury, capital markets, accounting and investor relations activities in support of the partnership and our sponsor. From 2009 to 2014, Mr. Altsuler served in various leadership roles at Eagle Rock Energy Partners, a master limited partnership, most recently serving as Vice President and Treasurer. Prior to joining Eagle Rock, Mr. Altsuler was an Investment Analyst at Kenmont Investments, an energy-focused hedge fund, where he managed the fund’s master limited partnership investment portfolio from 2007 to 2009. Prior to Kenmont, Mr. Altsuler worked the majority of his career in investment banking with Donaldson, Lufkin and Jenrette/Credit Suisse First Boston and a boutique investment bank . Mr. Altsuler graduated from the University of Texas at Austin with a BBA in finance and received an MBA from Rice University, graduating Beta Gamma Sigma. Mr. Altsuler currently serves on the Advisory Council for the KBH Energy Center for Business, Law, and Policy at the McCombs School of Business.
Executive Vice President, Chief Operating Officer
Mr. Ruple joined USDG in June 2014 and currently serves as the Executive Vice President and Chief Operating Officer since June 2021. Prior to June 2021, Mr. Ruple served as Senior Vice President and Chief Operating Officer since January 2017. Mr. Ruple is responsible for all operations and project development activities in support of USDG’s commercial development vision, mission and tactical growth strategies. Mr. Ruple also previously served as Vice President, Project Development. Prior to joining USDG, Mr. Ruple held various executive management positions in the commercial and industrial construction industry, with engineering and environmental consultancies, as well as with the BNSF Railway. Throughout his professional career, he has acquired vast practical leadership experience and holds many management and technical certifications. Mr. Ruple received a BS in civil and environmental engineering from the University of Utah and is an active member of both professional and public community organizations.
Chief Administrative Officer and Vice President EH&S
Mr. Frerking joined USDG as Chief Administrative Officer and Vice President EH&S in November, 2018. He leads various administrative functions, including Sustainability, EH&S, insurance risk, Government and Community Affairs, and corporate culture. Mr. Frerking spent over 20 years at Koch Industries and subsidiaries in various executive and legal roles, including: Chief Sustainability Officer for Georgia-Pacific; General Counsel and VP of Compliance and Government Affairs for Koch Cellulose; Chief Counsel Georgia-Pacific Building Products; Assistant General Counsel, Global Environmental for Koch Industries; and on boards and oversight committees for various Koch companies, including EH&S oversight of Koch’s petrochemical refineries. Mr. Frerking began his legal career in private practice doing securities and M&A before moving into environmental compliance. He received his Juris Doctor from University of Missouri – Columbia and Bachelor of Business Administration from University of Missouri – Kansas City. He is Chairman of the Board of Lutheran Confessional Church of Pakistan Inc., former board member for Thrivent Financial Member Network for Florida, Georgia, North Carolina, and South Carolina, and is a member of the State Bars of Georgia, Missouri, and the Supreme Court of the U.S.
Senior Vice President, Canadian Business Unit
Mr. Albertson joined USDG in January 2015 and is primarily responsible for managing USDG’s strategic relationships with its customers and partners in Canada in support of optimizing existing assets as well as bringing new assets to market. Prior to joining USDG, Mr. Albertson spent 25 years in industrial sales and railcar leasing with various companies, including PLM International and GE Railcar Services. Most recently with GE Railcar Services, Mr. Albertson acted as the primary interface for core energy and chemical customers throughout Canada and across multiple commodities, including crude oil, distillates, condensate and NGLs, and drove meaningful growth in GE’s Canadian energy portfolio. Mr. Albertson received his MBA from the University of Phoenix in 2006 and also holds a BA in economics from the University of Calgary.
Mr. Benson became General Counsel of our general partner and Co-General Counsel of USD in March 2015. Mr. Benson also serves as a Director of Landmark Infrastructure Partners GP LLC, the general partner of Landmark Infrastructure Partners LP. From January 2008 through February 2015, Mr. Benson was a partner with the international law firm of Latham & Watkins LLP in their Houston and San Francisco offices. Mr. Benson’s practice focused on public company representation, corporate governance, capital markets and mergers & acquisitions, with a focus on midstream and upstream energy companies, master limited partnerships and real estate investment trusts. From July 2000 through December 2007, Mr. Benson was an associate with Latham & Watkins LLP and from October 1998 through June 2000 Mr. Benson was an associate with the law firm of Cahill, Gordon & Reindel LLP. Mr. Benson received a JD with high honors from Rutgers School of Law and a BA in Political Science from The College of New Jersey.