Petroleum Equipment Company, Inc
How we got $3.5M
Based on its 23 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
StationServ is a leading provider of petroleum equipment sales, service, compliance and construction for fuel providers, including fuel equipment distribution, installation, testing and EV charging.
From the company's website. Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance.
Customers & suppliers
Suppliers & brands
- Gilbarco · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXCEL FOOD MART INC · Oklahoma City, 8 mi · $82.3M
- MODERN OIL COMPANY INC · Shawnee, 30 mi · $46.0M
- HAMMER ENTERPRISES, INC · Fairview, 80 mi · $25.3M
- D & S PASLAY, L.L.C. · Holdenville, 65 mi · $25.2M
- STATION OPERATION, LLC · Edmond, 15 mi · $25.0M
Estimated value over time
▲ 18% 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 |
|---|---|---|
| PETROLEUM EQUIPMENT COMPANY, INC this business | $9.1M | — |
| PETROLEUM INSTRUMENTS CO INC Oklahoma City · 9 employees | $3.2M | 0.0 mi |
| ADVANCED SPRAY EQUIPMENT LLC Oklahoma City · 2 employees | $630K | 0.2 mi |
| Bachman Services Inc Oklahoma City | $1.7M | 0.4 mi |
| Aae Automation Oklahoma City | $1.7M | 0.5 mi |
| HYDRAULIC OUTLET LLC Oklahoma City · 5 employees | $1.3M | 0.5 mi |
| B & R PUMP & EQUIPMENT, INC. Oklahoma City · 14 employees | $4.9M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.7M |
| Estimate: the two combined (geometric mean) | $9.1M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $912K |
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 | $3.5M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.8M – $4.7M |
| Revenue range | $6.0M – $10.4M |
| EBITDA range | $600K – $1.0M |
| Industry (NAICS) | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310) |
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
“Formed in 2021 with the acquisition of Petroleum Equipment Company and American Petroleum, StationServ Holdings continues to expand its footprint and services.”
Leadership
- MMMichael MorrisSenior Vice President of Finance · Company website · source
- JSJason ScottSenior Vice President of Operations and Technology · Company website · source
- ARAllan RodgersVice President of Human Resources · Company website · source
- PSPatrick SansottaVice President of Sales · Company website · source
- AKAshley KeithVice President of Supply Chain · Company website · source
- RTRussell TackettVice President of Field Operations · Company website · source
- JDJosh DuffordVice President of Operations Region 1 · Company website · source
- GRGary RudisillVice President of Operations Region 2 · Company website · source
Advisors
- BankingFirst United Bank and Trust Company, 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 2021 | All 7,048 borrowers → |
| First United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $228K | 23 |
| 1/23/2021 | second | $230K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Petroleum Equipment Company, Inc
Petroleum Equipment Company, Inc is a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company in Oklahoma City, Oklahoma, in business since 2000. It is owned by Brian Christiansen (President). Its estimated annual revenue is about $9.1M, with roughly $912K of EBITDA. It has about 23 employees. Its estimated business value is $3.5M (likely range $1.8M–$4.7M).
Common questions
- Who owns Petroleum Equipment Company, Inc?
- Petroleum Equipment Company, Inc is owned by Brian Christiansen (President), according to public sources such as the company's website or filings.
- How much revenue does Petroleum Equipment Company, Inc make?
- SeeBITDA estimates Petroleum Equipment Company, Inc's annual revenue at about $9.1M (likely between $6.0M and $10.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Petroleum Equipment Company, Inc worth?
- About $3.5M, roughly 3.8× its estimated EBITDA of $912K, typical for a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company its size. Likely range: $1.8M–$4.7M.
- How many employees does Petroleum Equipment Company, Inc have?
- About 23, as reported on its PPP loan.
- When was Petroleum Equipment Company, Inc founded?
- Petroleum Equipment Company, Inc has been in business since 2000.