Dan K. Eberhart

Dan K. Eberhart
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

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

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. Eberhart has served as vice president of acquisitions for Robson Energy in Arizona as well.[3]

Eberhart’s investment company, Eberhart Capital LLC, owns Canary and other acquired 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]

Eberhart has been interviewed by international and American-based publications regarding the local economic issues in shale play regions, and is a public speaker at oil and gas conferences.[20][21][22][23][24] He has commented publicly on oil and gas politics, most notably regarding the United States ban on crude exports, fracking legislation, and OPEC.[25][26][27][28][29]

Organizations

Eberhart is a member of the North Dakota Petroleum Council and the Colorado Oil & Gas Association. [30] He is also a director of the Los Angeles World Affairs Council.[31]

References

  1. 1 2 3 4 Sunnucks, Mike. "Scottsdale private equity firm buys Missouri manufacturer" Phoenix Business Journal. Jan. 21, 2014
  2. ↑ "Senior Management" Canary website. Accessed Apr. 9, 2014
  3. 1 2 3 4 Oil and Gas Financial Journal Staff. "CEO Dan Eberhart Discusses Newly Formed Canary LLC" Jan. 21, 2013
  4. ↑ "Beyond Welfare: Antipoverty Policies for the 21st Century," Tulane Law News. Oct. 2, 2004
  5. ↑ Horowitz, David. "Wake Up America: My Visit To Vanderbilt" FrontPage Magazine. Sept. 4, 2002
  6. ↑ Harrist, Eileen Loh. "Wigging Out." Gambit.
  7. 1 2 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
  8. ↑ "Canary, LLC completes acquisition of American Wellhead." World Oil. Jan. 22, 2014
  9. ↑ Proctor, Cathy. "Oilfield services expanding to keep pace with drilling." Denver Business Journal. Feb. 1, 2013
  10. ↑ Wysocky, Ken. "You need it? We do it." Gas, Oil, and Mining Contractor. May 2012
  11. ↑ Lefebvre, Ben. "Frontier Energy Buys Canary Wellhead, Furthers Oilfield M&A." The Wall Street Journal. Jan. 14, 2013
  12. 1 2 Chambers, Kelley. "Canary Wellhead Equipment purchased by Denver company." OKC.biz. Jan. 16, 2013
  13. ↑ "Monterey Shale Pictures: Canary CEO." Los Angeles Times. Mar. 13, 2013
  14. ↑ Proctor, Cathy. "Energy and natural resources finalists for the 2013 DBJ Power Book" Denver Business Journal. Sept. 20, 2013
  15. ↑ Dupre, Robin. "Canary Soars to Shale Stardom." Rigzone. Jan. 30, 2013
  16. ↑ Sunnucks, Mike. "Drones for Northrop, chips for General Dynamics, furnaces for equity firm." Phoenix Business Journal. Jan. 31, 2014
  17. ↑ "Private Equity Firm Buys Omaha Trucking Company" WOWT.com. Feb. 5, 2013
  18. ↑ "Luft Machine splits from Canary." Journal-Advocate. Jan. 28, 2014
  19. ↑ Johnson, Patt. “Construction equipment rental company has a new owner.” The Des Moines Register. July 9, 2014
  20. ↑ Boman, Karen. "Bakken, Oklahoma Plays Boost PADD 2 Production" Rigzone. June 23, 2011
  21. ↑ Carroll, Rory and Braden Reddall. "INSIGHT-California environmentalists fear frack fight a distraction." Reuters. May 28, 2013
  22. ↑ Levin, Amanda. "Look Back At 2012, Look Forward To 2013 On M&A Webcast This Thursday" Forbes. Dec. 10, 2012
  23. ↑ Li, Shan. "Town hopes for jobs tapping California's huge oil formation" Los Angeles Times. Mar. 30, 2013
  24. ↑ Park, Gary. "Infrastructure puts crimp on Bakken." Petroleum News Bakken. Vol. 1 No. 3. Week of May 20, 2012. pg. 5
  25. ↑ Eberhart, Dan. “Booming shale energy demands new export rules.” The Hill. Oct. 2, 2014
  26. ↑ Eberhart, Dan. Unified Coalition Supports Lifting the Crude Oil Export Ban.” Roll Call. Nov. 7, 2014
  27. ↑ Eberhart, Dan. “Eberhart: Lifting the ban lifts Oklahoma, U.S.” The Journal Record. Oct. 6, 2014
  28. ↑ Eberhart, Dan. “With fracking legislation escape, jobs are saved.” The Denver Post. Aug. 17, 2014
  29. ↑ Geman, Ben. “Saudi Arabia Can’t Stop the U.S. Fracking Boom.” National Journal. Dec. 3, 2014
  30. ↑ "Executive Profile: Dan Eberhart" Bloomberg's Businessweek Accessed Apr. 15, 2014
  31. ↑ "About Us." Los Angeles World Affairs Council website accessed Apr. 16, 2014
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