Asap Energy, Inc.
How we got $35.4M
Based on its 298 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
- Acquired by Casey's (2026)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Casey's · Sep 2026Casey's General Stores agreed to acquire select assets and stores of ASAP Energy Inc. of Weatherford, Oklahoma, after 47 years of Koch family ownership.Source
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $41K
Estimated value over time
▲ 26% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 50% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 298 | $89.4M |
| 2020 | Form 5500 | 91 | $27.3M |
| 2021 | Form 5500 | 92 | $27.6M |
| 2022 | Form 5500 | 103 | $30.9M |
| 2023 | Form 5500 | 62 | $18.6M |
| 2024 | Form 5500 | 143 | $42.9M |
| 2025 | Form 5500 | 148 | $44.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ASAP ENERGY, INC. this business | $180.7M | — |
| ALSAWALHAH INC Clinton · 2 employees | $1.8M | 17.3 mi |
| HARI ENTERPRISES, LLC Arapaho · 4 employees | $2.6M | 17.3 mi |
| SAIDEV, LLC Clinton · 2 employees | $1.5M | 17.4 mi |
| NILAXMI LLC Clinton · 5 employees | $1.9M | 17.6 mi |
| CEP FINANCIAL, LLC Hydro · 13 employees | $6.1M | 18.2 mi |
| RSL&K ENTERPRISES, INC. Calumet · 14 employees | $5.6M | 23.6 mi |
The full calculation
| Employees reported to the SBA | 298 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $176.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $184.8M |
| Estimate: the two combined (geometric mean) | $180.7M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $6.8M |
Brought up to date: prices are 26% higher than in the benchmark's year and Oklahoma employment in this industry has grown 1% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $35.4M |
| Multiple for this size and industry | 5.2× |
| Value range | $21.3M – $55.3M |
| Revenue range | $135.5M – $234.9M |
| EBITDA range | $5.1M – $8.9M |
| Industry (NAICS) | Retail Trade (447110) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- RHRay HarrisContact (product inquiries) · Company website · source
- BLBrian LohmanContact (aviation oil inquiries) · Company website · source
Advisors
- AccountingPricekubecka, PLLCAudits its 401(k) plan (2022 filing)
- BankingCitizens Bank, National Association, Legacy BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Citizens Bank PPP 2020 | All 22 borrowers → |
| Legacy Bank PPP 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $1.7M | 298 |
| 1/16/2021 | second | $1.7M | 278 |
2 locations
| 1501 N. Airport Rd | Weatherford | This listing |
| 3001 S 13th St | Duncan | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Asap Energy, Inc.
Asap Energy, Inc. is a retail trade company in Weatherford, Oklahoma, in business since 2005. It is owned by Rick Koch (President). Its estimated annual revenue is about $180.7M, with roughly $6.8M of EBITDA. It has about 148 employees. Its estimated business value is $35.4M (likely range $21.3M–$55.3M). It has 2 locations.
Common questions
- Who owns Asap Energy, Inc.?
- Asap Energy, Inc. is owned by Rick Koch (President), according to public sources such as the company's website or filings.
- How much revenue does Asap Energy, Inc. make?
- SeeBITDA estimates Asap Energy, Inc.'s annual revenue at about $180.7M (likely between $135.5M and $234.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Asap Energy, Inc. worth?
- About $35.4M, roughly 5.2× its estimated EBITDA of $6.8M, typical for a retail trade company its size. Likely range: $21.3M–$55.3M.
- How many employees does Asap Energy, Inc. have?
- About 148, from its 2025 retirement-plan filing.
- When was Asap Energy, Inc. founded?
- Asap Energy, Inc. has been in business since 2005.