Dan is this year’s Secretary and Treasurer. Learn more about him below:
- Name: Dan Krack
- Company and Position: After selling water treatment services at Quality Water Treatment (QWT), I have taken on 2 part time positions, one at R. L. Hulett Investment Bankers (consultant for mergers and acquisitions in HVAC and Water Treatment fields) and the other at Precision Water Technologies.
- What does your company do/provide? R. L. Hulett is a boutique investment banking firm based in Clayton. MO. We handle merger and acquisition activities for firms under $30 million dollars in annual sales. Precision Water Technologies is a regional water treatment firm in Dallas, TX.
- How long have you worked for them? How long have you worked in this industry? I have been in the water treatment field for 25 years and been with Precision Water Technologies since the beginning of 2015.
- How did you come to work in your field? I was lucky enough to get an appointment to West Point and after resigning my commission in the Army in 1989, I started doing water treatment. I started doing investment banking after I went through an acquisition with a company (Quality Water Treatment) that I sold and found out how interesting buy/sell transactions are.
- What is your main job function? What are you responsible for? With Precision Water Technologies, I do the estimating for water treatment for constructions projects in the Dallas market. With R. L. Hulett, I help put together deals in the water treatment industry nationwide and local deals in HVAC industry.
- What is the biggest challenge you face in your job? The biggest challenge in both jobs is getting new customers.
- What’s your favorite thing about working in this industry? The coolest thing about the water treatment industry is doing construction projects and getting to help build things.
- What’s your least favorite thing about working in this industry? The least favorite thing I have in a work environment is dealing with governmental agencies.
- What’s your involvement in ASHRAE? I have been in ASHRAE since 1992 and been on the board for 3 years.
- What is your responsibility on the Board? Currently, I am the treasurer and learning to use Quickbooks, our money management system.
- What advice would you give someone just graduating college and starting in the HVAC world? The best advice I could give to someone coming out of college is to start networking by joining professional trade associations like ASHRAE. I would also suggest going back and getting a Master’s Degree, particularly an MBA if you have any aspirations of being an entrepreneur. I would suggest night school.
- What’s something you’ve learned through your involvement in ASHRAE? The best thing I have learned through ASHRAE is seeing how the construction process works by meeting engineers, contractors, owners and manufacturing reps.
- What made you want to be involved in ASHRAE? I joined ASHRAE for the gourmet lunches (actually to network).
- Name one person who has been a mentor or an inspiration to you in your life. John Day, an engineer at Jarrell, is who got me involved in ASHRAE. He is a past Chapter President. John passed away a couple years back after a brief illness.
- Do you have a favorite sport or team? My favorite sports team is the Cardinals. I love football but the Rams are hard on the football lovers in St. Louis.
- What’s your favorite type of music or favorite band? I like a lot of different music… AC/DC, STYX, Johnny (Cash), disco (damm right!). I was in college in NY when disco was just wrapping up… Studio 54 was a riot, and I love musicals too (The Sound of Music is my favorite! Although Les Miserables with Anne Hathaway was fantastic. About the only thing I dislike is rap.
- What’s your favorite thing to do for fun? I love to snow ski and just got my season pass for Vail Company, and I run marathons… 42 and counting. I am trying to run a marathon in every state.
- Where is the coolest place you have traveled? My favorite places are Summit County, Colorado or maybe Jackson, Wyoming. Both are outdoor type places with a ton of skiing! My favorite place in St. Louis after Busch Stadium is The Muny.
- When you retire and have a lot more time on your hands, what will you do? I am semi-retired as we speak so I have been traveling, skiing, and running a lot. I hope to retire to a ski slope… Hidden Valley ain’t cutting it!