SeeBITDAOklahoma

Argonaut Private Equity

Finance and insurance
  • 7030 S Yale Ave Ste 810, Tulsa, OK
  • Since 2004
Estimated valueLow confidence
$1.3M
$437Klikely range$2.1M
About 3× its yearly profit, typical for a company this size in its industry.
Revenue
$1.1M
a year
Profit (EBITDA)
$439K
41% of revenue
Employees
—
not reported
Kelby Hagar
President & Managing Director · source
Unlikely to sell soon
argonautpe.comLinkedIn
Contact
Find Kelby Hagar on RocketReach Request removal or correction

How we got $1.3M

Based on typical figures for its industry (2022 Economic Census), not its own records.

A typical finance and insurance business in Oklahoma$1.1M
Revenue$1.1M
× 41% profit margin$439K
× 3 sale multiple = value$1.3M

· Own this business? Correct these figures

What we know

No PPP loan
401(k) filing, 2025
No reported financials
Company website
Owner named

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

Argonaut Private Equity is a private equity firm headquartered in Tulsa, Oklahoma, that says it manages over $2B and has operated since 2004. It owns a portfolio of partner companies across several funds.

Products & services
Private equity
Service area
Tulsa, OklahomaCentral U.SMiddle America

From the company's website. Industry: Finance and insurance.

Employees over time

▲ 39% since 2020
025502020202120222023202420251825
401(k) / retirement-plan participants
Show as table
YearSourceEmployeesEst. revenueEst. EBITDA
2020Form 550018$7.2M$3.0M
2021Form 550020$8.1M$3.3M
2022Form 550022$8.9M$3.6M
2023Form 550021$8.5M$3.5M
2024Form 550024$9.7M$4.0M
2025Form 550025$10.1M$4.1M

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

BusinessEst. revenueEst. profitDistance
Argonaut Private Equity
this business
$1.1M$439K—
City National Bank & Trust
Tulsa
$1.9M$863K0.1 mi
J. M. BROWN AND ASSOCIATES, INC
Tulsa · 3 employees
$1.0M$335K0.1 mi
Bok Mortgage
Tulsa
$1.1M$439K0.1 mi
J M Brown Financial Partners
Tulsa
$1.1M$439K0.1 mi
Logan Bercher - Tulsa’s Mortgage Banker - NMLS 1198616
Tulsa
$1.1M$439K0.1 mi
Ferrier Financial, Llc
Tulsa
$1.1M$439K0.1 mi

The full calculation

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$1.3M
Multiple for this size and industry3×
Value range$437K – $2.1M

This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Finance and insurance businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (41%). Treat these as a rough guide.

Revenue range$443K – $1.4M
EBITDA range$182K – $596K
Industry (NAICS)Finance and insurance (52)

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. Listing details come from Overture Maps open data. Full methodology

People & advisors

Founded 2004
“Driving opportunity since 2004.”

Leadership

  • SM
    Steve Mitchell
    CEO & Managing Director · Company website · source
  • PV
    Phil VanTrease
    CFO & General Counsel · Company website · source
  • JC
    Jim Carreker
    Capital Advisor · Company website · source
  • PS
    Patrick Sullivan
    Chief Compliance Officer · Company website · source
  • SH
    Shelley Heckenkemper
    Vice President of Human Capital · Company website · source
  • CH
    Cassy Hendrix
    Talent Acquisition Partner · Company website · source
  • CW
    Chong Wang
    Principal · Company website · source
  • EW
    Eric Weeldreyer
    Principal · Company website · source
  • BH
    Braden Hawkins
    Senior Investment Associate · Company website · source
  • TS
    Turner Snapp
    Investment Associate · Company website · source
  • JP
    Jake Peace
    Investment Associate · Company website · source

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.

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Argonaut Private Equity

Argonaut Private Equity is a finance and insurance company in Tulsa, Oklahoma, in business since 2004. It is owned by Kelby Hagar (President & Managing Director). Its estimated annual revenue is about $1.1M, with roughly $439K of EBITDA. It has about 25 employees. Its estimated business value is $1.3M (likely range $437K–$2.1M).

Common questions

Who owns Argonaut Private Equity?
Argonaut Private Equity is owned by Kelby Hagar (President & Managing Director), according to public sources such as the company's website or filings.
How much revenue does Argonaut Private Equity make?
SeeBITDA estimates Argonaut Private Equity's annual revenue at about $1.1M (likely between $443K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Argonaut Private Equity worth?
About $1.3M, roughly 3× its estimated EBITDA of $439K, typical for a finance and insurance company its size. Likely range: $437K–$2.1M.
How many employees does Argonaut Private Equity have?
About 25, from its 2025 retirement-plan filing.
When was Argonaut Private Equity founded?
Argonaut Private Equity has been in business since 2004.