Opeco, Inc.
How we got $2.3M
Based on 29 employees on its 2025 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 41 years (since 1985)
- Founder still runs it after 41 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▼ 7% 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
▼ 26% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 39 | $9.7M |
| 2023 | Form 5500 | 32 | $7.9M |
| 2024 | Form 5500 | 30 | $7.4M |
| 2025 | Form 5500 | 29 | $7.2M |
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 |
|---|---|---|
| OPECO, INC. this business | $7.8M | — |
| NORTHWEST TRANSFORMER CO., INC. Oklahoma City · 26 employees | $6.9M | 0.7 mi |
| SK SHEMOR & ASSOCOATES, LLC Oklahoma City · 20 employees | $5.0M | 1.5 mi |
| Total Boring Solutions Oklahoma City | $2.6M | 1.8 mi |
| FIVE G'S CONSTRUCTION, INC. Oklahoma City · 27 employees | $6.3M | 1.9 mi |
| HENDRIX SERVICES, LLC Oklahoma City · 16 employees | $6.8M | 2.0 mi |
| Weatherford Us Lp Oklahoma City | $5.2M | 2.0 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 | $2.3M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.5M – $4.2M |
| Employees in its retirement plan (2025 Form 5500) | 29 |
| Industry revenue per employee | $248K |
| Revenue = employees × revenue per employee | $7.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $824K |
| For comparison: employees reported for PPP (2020) | 39 |
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 | $6.3M – $11.7M |
| EBITDA range | $659K – $1.2M |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
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
“Richard Dixon and Mark Day founded OPECo, Inc., in 1985 with a small warehouse in the midst of a tremendous downturn in the Oil & Gas industry.”
Leadership
- MDMark DayPartner · Company website · source
- MRMatt RussellSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- BankingFirst Bethany Bank & TrustPPP / 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
| First Bethany Bank & Trust PPP 2020, PPP 2021 | All 186 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 | $614K | 39 |
| 1/16/2021 | second | $614K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Opeco, Inc.
Opeco, Inc. is an oil and gas pipeline and related structures construction company in Oklahoma City, Oklahoma, in business since 1985. It is owned by Richard Dixon (Founder). Its estimated annual revenue is about $7.8M, with roughly $824K of EBITDA. It has about 29 employees. Its estimated business value is $2.3M (likely range $1.5M–$4.2M).
Common questions
- Who owns Opeco, Inc.?
- Opeco, Inc. is owned by Richard Dixon (Founder), according to public sources such as the company's website or filings.
- How much revenue does Opeco, Inc. make?
- SeeBITDA estimates Opeco, Inc.'s annual revenue at about $7.8M (likely between $6.3M and $11.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Opeco, Inc. worth?
- About $2.3M, roughly 2.8× its estimated EBITDA of $824K, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $1.5M–$4.2M.
- How many employees does Opeco, Inc. have?
- About 29, from its 2025 retirement-plan filing.
- When was Opeco, Inc. founded?
- Opeco, Inc. has been in business since 1985.
- Is Opeco, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 41 years (since 1985); founder still runs it after 41 years; no family successor named on its website.