Canary completes acquisition of Permian Basin wellhead seller

Source:Canary, LLC

Oil and gas: Canary completes acquisition of Permian Basin wellhead seller Canary, LLC of Denver, Colo., the nation’s largest independent wellhead company, today announced the acquisition of American Wellhead, LLC, a wellhead sales and service company for the Permian Basin and New Mexico. The terms of the acquisition were not disclosed.

Canary, LLC, with more than $100 million in revenue, has completed more than a dozen acquisitions since 2007. Defined by an aggressive acquisition strategy, Canary is committed to building long-term value in companies with a solid performance history through a focus on customer service and innovation. Canary is continuing its rapid portfolio expansion with the acquisition of American Wellhead.

“Our national customers wanted a location in the Permian Basin, which currently represents 25 percent of the U.S. oilfield,” said Dan K. Eberhart, CEO of Canary, LLC. “The Permian is shifting from vertical to horizontal drilling, and that kind of unconventional drilling is right in our wheelhouse. We have a growth strategy and plan to expand the facility. We will be bringing in slickline production services.”

Drawing from almost 40 years of wellhead experience, David Walden began American Wellhead to rent and install hydraulic fracturing equipment for the Permian Basin’s oil industry. American Wellhead services include wellhead sales and installation, frac stack rental and installation, field service and repair on valves and wellhead, field greasing of production and fracking equipment.

“Our customers will continue to receive the same level of service,” said David Walden, American Wellhead operations manager. “But now our customers have access to the products and services of Canary, the largest independent wellhead company in the nation. With this acquisition our customers can only expect better things in the future from the Canary team.”

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