Dan K. Eberhart

Dan K. Eberhart (born (1979-10-22)October 22, 1979) is chief executive officer of Canary, LLC, a Denver, Colorado based drilling-services company, and managing partner of Eberhart Capital, LLC.[1]

Dan K. Eberhart
Born (1979-10-22) October 22, 1979
Georgia, United States
NationalityAmerican
Alma materVanderbilt University
OccupationManaging partner of Eberhart Capital; CEO of Canary, LLC
Known forOilfield services management

Background and education

Eberhart is a native of Georgia and holds a degree in economics and political science from Vanderbilt University and a Juris Doctor from Tulane Law School, where he was president of the Tulane Federalist Society.[2][3][4] At Vanderbilt, he founded a conservative student group focused on bringing speakers to campus.[5] He moved from New Orleans, Louisiana to Phoenix, Arizona after graduating from law school and working for just three weeks before Hurricane Katrina hit.

Career

Eberhart's company, Canary, installs and services wellheads at drilling locations across the continental United States.[6] Eberhart's private equity firm, Eberhart Capital, LLC, has been involved in a total of 12 acquisitions since 2007, from several different sectors of the economy, primarily in the oil and gas industry.[1][6][7]

Eberhart got his start as an entrepreneur when he left his job at a Houston-based international oilfield service company and purchased Frontier Wellhead & Supply Co. in January 2009.[8][3] From 2009 to 2012, he added seven acquisitions of oilfield services companies to Frontier.[9]

In January 2013, he purchased Oklahoma City, Oklahoma-based rival, Canary Wellhead Equipment Inc., for less than $100 million.[10] The combined Frontier Wellhead and Canary Wellhead is headquartered in Denver, Colorado, and operates under the name Canary, LLC.[11] The company has annual revenue of $100 million. Eberhart serves as CEO.[3][12][11] The company is now the sixth-largest privately owned oilfield service company and the largest independent wellhead service provider in the United States.[13][14]

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 Greene's Energy Group, LLC.[3]

Eberhart's investment company, Eberhart Capital, LLC, owns Canary and his other companies. Its acquisitions include Unitherm Furnaces, LLC, a Missouri-based industrial furnace maker acquired in January 2014.[15] Eberhart Capitol also owns Precision Pipeline, Inc., and Twin Express trucking.[16][1] The company previously owned Luft Machine, a manufacturing company.[17] In July 2014, Eberhart acquired Contractor Sales and Services, an industrial construction equipment rental company based in Des Moines, Iowa.[18]

Eberhart Capital is based in Scottsdale, Arizona, and has more than $100 million in assets and $200 million in revenue.[1]

Public advocacy

Eberhart's oil and gas expertise and manufacturing experience has landed him a spot on several U.S. trade missions, including visits to Mozambique, Ghana, and Nigeria. He has served as an oil and gas industry consultant in North America, Asia, and Africa, earning him a place in Hart Energy's influential “30 Under 40” list.

Eberhart's knowledge of geopolitical energy issues and oil prices has led to CNN, Fox News, and CNBC interviews, among other news outlets. He is a regular contributor to Forbes and a frequent guest on national and regional talk radio. Eberhart's commentaries on energy dominance and the economy have appeared in The New York Times, The Hill, The Economist, Washington Examiner, and other major publications. Eberhart is author of The Switch, a 2015 exploration of the potential economic and geopolitical benefits to the United States of achieving a greater energy self-sufficiency due to hydraulic fracturing and horizontal drilling.

In 2015, Eberhart was a leading advocate for lifting the ban on U.S. domestic crude oil exports. He co-authored an op-ed column with Tom Ridge, former Governor of Pennsylvania and First U.S. Secretary of Homeland Security, on the geopolitical value of expanding U.S. crude exports as a foreign policy tool. Eberhart was frequently quoted in the media when the ban was lifted.

Political activity

Eberhart is a major donor to the Republican Party and to conservative causes. He was a major contributor to the election campaigns of U.S. Senators Cory Gardner (R-CO),James Lankford (R-OK), and Congressman Kevin Cramer (R-ND). He also donated the individual maximum to the Trump campaign.

Organizations

Eberhart is a member of the North Dakota Petroleum Council and the Colorado Oil & Gas Association.[19] He is also a director at the Los Angeles World Affairs Council.[20]

References
  1. 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. 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. Pickrell, Emily. "Q&A: Putting heads together – wellheads that is, With the buyout of Odessa company, Denver-based Canary increases its presence in Lone Star State" Houston Chronicle. Feb. 21, 2014
  7. "Canary, LLC completes acquisition of American Wellhead." World Oil. Jan. 22, 2014
  8. Proctor, Cathy. "Oilfield services expanding to keep pace with drilling." Denver Business Journal. Feb. 1, 2013
  9. Wysocky, Ken. "You need it? We do it." Gas, Oil, and Mining Contractor. May 2012
  10. Lefebvre, Ben. "Frontier Energy Buys Canary Wellhead, Furthers Oilfield M&A." The Wall Street Journal. Jan. 14, 2013
  11. Chambers, Kelley. "Canary Wellhead Equipment purchased by Denver company." Archived 2014-04-24 at the Wayback Machine OKC.biz. Jan. 16, 2013
  12. "Monterey Shale Pictures: Canary CEO." Los Angeles Times. Mar. 13, 2013
  13. Proctor, Cathy. "Energy and natural resources finalists for the 2013 DBJ Power Book" Denver Business Journal. Sept. 20, 2013
  14. Dupre, Robin. "Canary Soars to Shale Stardom." Rigzone. Jan. 30, 2013
  15. Sunnucks, Mike. "Drones for Northrop, chips for General Dynamics, furnaces for equity firm." Phoenix Business Journal. Jan. 31, 2014
  16. "Private Equity Firm Buys Omaha Trucking Company" WOWT.com. Feb. 5, 2013
  17. "Luft Machine splits from Canary." Journal-Advocate. Jan. 28, 2014
  18. Johnson, Patt. “Construction equipment rental company has a new owner.” The Des Moines Register. July 9, 2014
  19. "Executive Profile: Dan Eberhart" Bloomberg's Businessweek Accessed Apr. 15, 2014
  20. "About Us." Los Angeles World Affairs Council website accessed Apr. 16, 2014
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