Victory Energy Operations Llc
How we got $87.8M
Based on 214 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- In business 25 years (since 2001)
- Founder still runs it after 25 years
- Investment from Main Street Capital (2024)
From public records and the company's website, not a statement that it's for sale.
What they do
Victory Energy Operations, LLC designs and manufactures industrial boilers, burners, and heat recovery products, and offers rental boilers and field services. It says it serves industrial and institutional markets.
From the company's website. Industry: Manufacturing.
Ownership & transactions
- Recapitalization from Main Street Capital · Oct 2024Main Street Capital invested $74.4 million in a recapitalization of Victory Energy Operations, LLC, the Collinsville, Oklahoma industrial boiler maker, according to a PR Newswire release.Source
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- UNIVERSAL FIELD SERVICES, INC · Tulsa, 19 mi · $130.2M
- AMERICAN PIPING INSPECTION INC. · Tulsa, 12 mi · $81.3M
- WALLACE ENGINEERING - STRUCTURAL CONSULTANTS, INC · Tulsa, 15 mi · $69.5M
- SGA DESIGN GROUP, P.C. · Tulsa, 16 mi · $32.2M
- GOLDEN FIELD SERVICES INC. · Tulsa, 17 mi · $30.0M
- THE HAWTHORN GROUP, INC. · Tulsa, 10 mi · $357.0M
- MILL CREEK LUMBER AND SUPPLY COMPANY · Tulsa, 17 mi · $154.7M
- EAGLE REDI-MIX CONCRETE LLC · Tulsa, 14 mi · $94.4M
- PAUL TRANSPORTATION · Tulsa, 13 mi · $89.6M
- CUSTOM COMMODITIES, INC · Vinita, 43 mi · $79.5M
- BROTHER & COMPANY · Tulsa, 18 mi · $20.5M
- Idea Ranch · Tulsa, 18 mi · $12.5M
- HICORP, INC · Tulsa, 16 mi · $11.6M
- TRINITY MEDIA GROUP, LLC · Tulsa, 18 mi · $9.4M
- DISTRIBUTECH LLC · Tulsa, 17 mi · $9.2M
Estimated value over time
▲ 45% 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
▲ 17% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 183 | $91.5M |
| 2021 | Form 5500 | 186 | $93.0M |
| 2022 | Form 5500 | 215 | $107.5M |
| 2023 | Form 5500 | 192 | $96.0M |
| 2024 | Form 5500 | 214 | $107.0M |
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 |
|---|---|---|
| Victory Energy Operations Llc this business | $134.7M | — |
| Storm Safe Shelters Collinsville | $1.4M | 1.2 mi |
| Matrix Service Inc - Fabrication Division Catoosa | $1.4M | 1.9 mi |
| BROWNIE BRITTLE, LLC Owasso · 16 employees | $10.0M | 3.2 mi |
| DOUG'S DAYLIGHT DONUTS INC Owasso · 6 employees | $581K | 3.3 mi |
| Glo Getters Injectables Owasso | $1.4M | 3.3 mi |
| OKIE DOUGH LLC Owasso · 2 employees | $309K | 4.4 mi |
The full calculation
Brought up to date: prices are 26% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $87.8M |
| Multiple for this size and industry | 7.5× |
| Value range | $56.2M – $158.0M |
| Employees in its retirement plan (2024 Form 5500) | 214 |
| Industry revenue per employee | $500K |
| Revenue = employees × revenue per employee | $134.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $11.7M |
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 | $107.8M – $202.1M |
| EBITDA range | $9.4M – $17.6M |
| Industry (NAICS) | Manufacturing (31) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Advisors
- AccountingEide BaillyAudits its 401(k) plan (2024 filing)
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 Victory Energy Operations Llc
Victory Energy Operations Llc is a manufacturing company in Collinsville, Oklahoma, in business since 2001. It is owned by John Viskup (Founder). Its estimated annual revenue is about $134.7M, with roughly $11.7M of EBITDA. It has about 214 employees. Its estimated business value is $87.8M (likely range $56.2M–$158.0M).
Common questions
- Who owns Victory Energy Operations Llc?
- Victory Energy Operations Llc is owned by John Viskup (Founder), according to public sources such as the company's website or filings.
- How much revenue does Victory Energy Operations Llc make?
- SeeBITDA estimates Victory Energy Operations Llc's annual revenue at about $134.7M (likely between $107.8M and $202.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Victory Energy Operations Llc worth?
- About $87.8M, roughly 7.5× its estimated EBITDA of $11.7M, typical for a manufacturing company its size. Likely range: $56.2M–$158.0M.
- How many employees does Victory Energy Operations Llc have?
- About 214, from its 2024 retirement-plan filing.
- When was Victory Energy Operations Llc founded?
- Victory Energy Operations Llc has been in business since 2001.