Glenn Oil Company, LLC
How we got $154.3M
Based on 28 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Unlikely to sell soon
- In business 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Glenn Oil Company sells fuel and packaged lubricating oils, serving commercial, military and retail customers.
From the company's website. Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals).
Customers & suppliers
Customers
- Defense Logistics Agency · federal contracts $33.2M
- Department of the Army · federal contracts $437K
- U.S. Fish and Wildlife Service · federal contracts $265K
- Agricultural Research Service · federal contracts $217K
- Bureau of Engraving and Printing · federal contracts $33K
Estimated value over time
▲ 23% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GLENN OIL COMPANY, LLC this business | $577.9M | — |
| LAWTON OIL CO. INC Lawton · 1 employees | $7.3M | 2.3 mi |
| KECK'S PROPANE LLC Foster · 2 employees | $14.0M | 45.0 mi |
| P&C SERVICE INC. Lindsay · 3 employees | $28.6M | 47.1 mi |
| ELMER SMITH OIL COMPANY Clinton · 46 employees | $798.6M | 69.4 mi |
| PENLEY OIL COMPANY Oklahoma City · 19 employees | $263.6M | 75.6 mi |
| PENLEY TRANSPORTATION COMPANY Oklahoma City · 14 employees | $177.1M | 75.6 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Industry revenue per employee | $5.1M |
| Revenue = employees × revenue per employee | $577.9M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $21.7M |
| Cross-check: revenue implied by PPP payroll | $121.0M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $154.3M |
| Multiple for this size and industry | 7.1× |
| Value range | $73.0M – $219.1M |
| Revenue range | $341.9M – $683.8M |
| EBITDA range | $12.9M – $25.7M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingLiberty National Bank, BancFirstPPP / 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, PPP 2021 | All 7,048 borrowers → |
| Liberty National Bank PPP 2020 | All 430 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 | $12K | 1 |
| 4/9/2020 | first | $115K | 23 |
| 2/22/2021 | second | $132K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Glenn Oil Company, LLC
Glenn Oil Company, LLC is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Lawton, Oklahoma, in business since 2004. Its estimated annual revenue is about $577.9M, with roughly $21.7M of EBITDA. It has about 28 employees. Its estimated business value is $154.3M (likely range $73.0M–$219.1M).
Common questions
- Who owns Glenn Oil Company, LLC?
- The owner of Glenn Oil Company, LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Glenn Oil Company, LLC make?
- SeeBITDA estimates Glenn Oil Company, LLC's annual revenue at about $577.9M (likely between $341.9M and $683.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Glenn Oil Company, LLC worth?
- About $154.3M, roughly 7.1× its estimated EBITDA of $21.7M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $73.0M–$219.1M.
- How many employees does Glenn Oil Company, LLC have?
- About 28, as reported on its PPP loan.
- When was Glenn Oil Company, LLC founded?
- Glenn Oil Company, LLC has been in business since 2004.