EBCO can trace its roots back over 40 years, when it entered the oil and gas industry as an appraisal, brokerage, and auction company of oilfield equipment. EBCO became a recognized name in the industry. EBCO understood how to conduct a successful auction and how to attract bidders through an effective marketing campaign.
Because of its reputation, EBCO became the lead auction company for the FDIC and began auctioning items that were repossessed from failed banks and savings and loans during the early 1980s. In 1987, the FDIC commissioned EBCO to conduct the nation's first oil and gas property auction. Soon, ever major and independent would participate in an EBCO auction.
EBCO is and always has been a family owned company. Today the company is owned and run by Paul Smart, and his son and business partner, Phil, who is the third generation to own and operate EBCO. EBCO is still recognized as being a leader for marketing oil and gas properties and related assets.