American Wellhead

Jan 23, 2014

Canary Completes Acquisition of American Wellhead, LLC January 22, 2014 12:53 PM Eastern Standard Time ODESSA, Texas--( BUSINESS WIRE )--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 continue to receive the same level of service,” Walden said. “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.” About American Wellhead American Wellhead, LLC is a wellhead sales and service company for the Permian Basin and New Mexico, based in Odessa, Texas. 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. About Canary, LLC Based in Denver, Colo., Canary, LLC, provides comprehensive oilfield drilling and production services to oil and gas companies throughout the United States. Canary is the nation’s largest independent wellhead services company. With over $100 million in revenue, Canary operates in every major shale oil and gas region in the United States, including North Dakota’s Bakken, Ohio’s Utica, & Texas’s Permian. Canary offers turnkey services to its customers for all of their drilling and production needs. For more information, visit www.canaryusa.com . Contacts Jacob Eberhart, 303-309-1185 Release Summary Canary, LLC of Denver, Colo., the nation’s largest independent wellhead company, today announced the acquisition of American Wellhead, LLC. Sharing