Dan K. Eberhart
| Dan K. Eberhart | |
|---|---|
 |
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| Occupation | Managing partner of Eberhart Capital; CEO of Canary, LLC |
| Known for | Oilfield services management |
Dan K. Eberhart is the Chief Executive Officer of Canary, LLC, a Denver, Colorado based drilling-services company, and is managing partner of Eberhart Capital, LLC.[1]
Background and Education[edit]
Eberhart is a native of Georgia and holds a bachelor of arts degree in economics and political science from Vanderbilt University and a Juris Doctor degree from Tulane Law School, where he was the President of the Tulane Federalist Society.[2][3][4] While at Vanderbilt, he founded a conservative student group for bringing speakers to campus.[5] He moved from New Orleans, Louisiana to Phoenix, Arizona after graduating law school and working for just three weeks before Hurricane Katrina hit.[6]
Career[edit]
Eberhart’s company, Canary, installs and services wellheads at drilling locations.[7] As of early 2014, Eberhart’s private equity firm, Eberhart Capital LLC, has been involved in a total of 12 acquisitions since 2007, from several different sectors including the oil and gas industry.[1][7][8]
Eberhart got his start as a business owner when he quit his job at a Houston-based international oil field service company and purchased Frontier Wellhead & Supply Co. in January 2009.[9][3] From 2009 to 2012, he added seven acquisitions of oilfield services companies to Frontier.[10]
In January 2013, he purchased Oklahoma City, Oklahoma-based rival, Canary Wellhead Equipment Inc., for less than $100 million.[11] The combined Frontier Wellhead and Canary Wellhead is headquartered in Denver and operates under the name Canary, LLC for name recognition.[12] It has a revenue of over $100 million, and Eberhart is the CEO.[3][13][12] The company is now the sixth-largest privately owned oilfield service company and the largest independent wellhead service provider in the United States.[14][15]
Before he purchased Frontier Wellhead, Eberhart was the vice president of acquisitions for Greene's Energy Group, LLC. He also served as vice president of acquisitions for Robson Energy in Arizona.[3]
Eberhart’s investment company, Eberhart Capital LLC, owns Canary and other companies. Its acquisitions include Unitherm Furnaces, LLC, a Missouri-based industrial furnace maker, which it acquired in January 2014.[16] It also owns Precision Pipeline, Inc., and three trucking companies: Poling Express, LLC, Twin Express, and Golden Drop Trucking.[17][1] The company also acquired then divested Luft Machine, a manufacturing company.[18] In July 2014, they acquired Contractor Sales and Services, an industrial construction equipment rental company based in Des Moines, Iowa.[19]
Eberhart Capital is based in Scottsdale, Arizona and has $100 million in assets and $200 million in revenue.[1]
Organizations[edit]
Eberhart is a member of the North Dakota Petroleum Council and the Colorado Oil & Gas Association.[20] He is also a director of the Los Angeles World Affairs Council.[21]
References[edit]
- ^ a b c d Sunnucks, Mike. "Scottsdale private equity firm buys Missouri manufacturer" Phoenix Business Journal. Jan. 21, 2014
- ^ "Senior Management" Canary website. Accessed Apr. 9, 2014
- ^ a b c d Oil and Gas Financial Journal Staff. "CEO Dan Eberhart Discusses Newly Formed Canary LLC" Jan. 21, 2013
- ^ "Beyond Welfare: Antipoverty Policies for the 21st Century," Tulane Law News. Oct. 2, 2004
- ^ Horowitz, David. "Wake Up America: My Visit To Vanderbilt" FrontPage Magazine. Sept. 4, 2002
- ^ Harrist, Eileen Loh. "Wigging Out." Gambit.
- ^ a b Pickrell, Emily. "Q&A: Putting heads together – wellheads that is, With buyout of Odessa company, Denver-based Canary increases its presence in Lone Star State" Houston Chronicle. Feb. 21, 2014
- ^ "Canary, LLC completes acquisition of American Wellhead." World Oil. Jan. 22, 2014
- ^ Proctor, Cathy. "Oilfield services expanding to keep pace with drilling." Denver Business Journal. Feb. 1, 2013
- ^ Wysocky, Ken. "You need it? We do it." Gas, Oil, and Mining Contractor. May 2012
- ^ Lefebvre, Ben. "Frontier Energy Buys Canary Wellhead, Furthers Oilfield M&A." The Wall Street Journal. Jan. 14, 2013
- ^ a b Chambers, Kelley. "Canary Wellhead Equipment purchased by Denver company." OKC.biz. Jan. 16, 2013
- ^ "Monterey Shale Pictures: Canary CEO." Los Angeles Times. Mar. 13, 2013
- ^ Proctor, Cathy. "Energy and natural resources finalists for the 2013 DBJ Power Book" Denver Business Journal. Sept. 20, 2013
- ^ Dupre, Robin. "Canary Soars to Shale Stardom." Rigzone. Jan. 30, 2013
- ^ Sunnucks, Mike. "Drones for Northrop, chips for General Dynamics, furnaces for equity firm." Phoenix Business Journal. Jan. 31, 2014
- ^ "Private Equity Firm Buys Omaha Trucking Company" WOWT.com. Feb. 5, 2013
- ^ "Luft Machine splits from Canary." Journal-Advocate. Jan. 28, 2014
- ^ Johnson, Patt. “Construction equipment rental company has a new owner.” The Des Moines Register. July 9, 2014
- ^ "Executive Profile: Dan Eberhart" Bloomberg's Businessweek Accessed Apr. 15, 2014
- ^ "About Us." Los Angeles World Affairs Council website accessed Apr. 16, 2014
