Delaware Resource Group of Oklahoma, LLC
How we got $527.0M
Based on 1,333 employees on its 2024 401(k) filing.
What we know
Signs of a sale Some signs of a sale
- In business 24 years (since 2002)
- Founder still runs it after 24 years
- Family in the business (Cathy Busey, Executive Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
Delaware Resource Group delivers aerospace and defense training, aircraft sustainment and field support services to government, defense, and commercial customers worldwide.
From the company's website. Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing.
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $217.8M
- Department of the Navy · federal contracts $61.2M
- Bureau of Indian Affairs and Bureau of Indian Education · federal contracts $942K
Estimated value over time
▲ 232% 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
▲ 167% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 500 | $164.0M |
| 2020 | Form 5500 | 752 | $246.6M |
| 2021 | Form 5500 | 834 | $273.5M |
| 2022 | Form 5500 | 879 | $288.2M |
| 2023 | Form 5500 | 900 | $295.1M |
| 2024 | Form 5500 | 1,333 | $437.1M |
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 |
|---|---|---|
| DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC this business | $517.4M | — |
| SKYDWELLER US INC. Oklahoma City · 12 employees | $3.7M | 3.6 mi |
| VIGILANT AEROSPACE SYSTEMS, INC. Oklahoma City · 2 employees | $626K | 5.1 mi |
| AVION AERO HOLDINGS LLC Bethany · 7 employees | $3.2M | 6.6 mi |
| AEROSPACE PRODUCTS S.E., INC. Oklahoma City · 18 employees | $5.8M | 10.2 mi |
| ADVANCED MACHINING SOLUTIONS LLC Oklahoma City · 2 employees | $449K | 11.4 mi |
| RADIAL ENGINES, LTD. Guthrie · 18 employees | $5.4M | 11.4 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $527.0M |
| Multiple for this size and industry | 11.9× |
| Value range | $337.3M – $948.6M |
| Employees in its retirement plan (2024 Form 5500) | 1,333 |
| Industry revenue per employee | $328K |
| Revenue = employees × revenue per employee | $517.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $44.3M |
| For comparison: employees reported for PPP (2020) | 500 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $413.9M – $776.0M |
| EBITDA range | $35.4M – $66.4M |
| Industry (NAICS) | Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413) |
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: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Delaware Resource Group of Oklahoma, LLC (DRG) was founded in 2002 by Phil G. Busey Sr.”
Leadership
- PGPhil G. Busey, Sr.Founder, Chairman and CEO · From a web search · source
- PGPhil G. Busey Sr.Founder and Chairman · Company website · source
- CBCathy BuseyExecutive Vice President · Company website · source
- PBPhilip Busey Jr.President · Company website · source
- BBBrian BuseyChief Executive Officer · Company website · source
Advisors
- AccountingRose Rock CPAS, PLLCAudits its 401(k) plan (2024 filing)
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $9.5M | 500 |
2 locations
| 3220 Quail Springs Parkway | Oklahoma City | This listing |
| 4747 Gaillardia Pkwy | Oklahoma City | 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 Delaware Resource Group of Oklahoma, LLC
Delaware Resource Group of Oklahoma, LLC is an other aircraft parts and auxiliary equipment manufacturing company in Oklahoma City, Oklahoma, in business since 2002. It is owned by Phil G. Busey Sr (Founder). Its estimated annual revenue is about $517.4M, with roughly $44.3M of EBITDA. It has about 1,333 employees. Its estimated business value is $527.0M (likely range $337.3M–$948.6M). It has 2 locations.
Common questions
- Who owns Delaware Resource Group of Oklahoma, LLC?
- Delaware Resource Group of Oklahoma, LLC is owned by Phil G. Busey Sr (Founder), according to public sources such as the company's website or filings.
- How much revenue does Delaware Resource Group of Oklahoma, LLC make?
- SeeBITDA estimates Delaware Resource Group of Oklahoma, LLC's annual revenue at about $517.4M (likely between $413.9M and $776.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Delaware Resource Group of Oklahoma, LLC worth?
- About $527.0M, roughly 11.9× its estimated EBITDA of $44.3M, typical for a other aircraft parts and auxiliary equipment manufacturing company its size. Likely range: $337.3M–$948.6M.
- How many employees does Delaware Resource Group of Oklahoma, LLC have?
- About 1,333, from its 2024 retirement-plan filing.
- When was Delaware Resource Group of Oklahoma, LLC founded?
- Delaware Resource Group of Oklahoma, LLC has been in business since 2002.