Xrg Technologies LLC
How we got $3.4M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
XRG Technologies is an engineering and procurement firm focused on fired and unfired heat transfer equipment for the refining, petrochemical, and power markets. It offers fired heater design, revamps, engineering studies and CFD modeling for process equipment.
From the company's website. Industry: Engineering & architecture.
Estimated value over time
▲ 90% 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
▲ 67% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $3.3M |
| 2020 | Form 5500 | 15 | $3.3M |
| 2021 | Form 5500 | 17 | $3.7M |
| 2022 | Form 5500 | 16 | $3.5M |
| 2023 | Form 5500 | 20 | $4.4M |
| 2024 | Form 5500 | 24 | $5.2M |
| 2025 | Form 5500 | 25 | $5.5M |
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 |
|---|---|---|
| XRG TECHNOLOGIES LLC this business | $5.5M | — |
| KNOX INSPECTION SERVICES, INC. Tulsa · 7 employees | $890K | 0.2 mi |
| DUVALL ARCHITECTS, PC Tulsa · 6 employees | $2.1M | 0.2 mi |
| DUVALL ATELIER, LLC Tulsa · 1 employees | $271K | 0.2 mi |
| Dell Statistica Tulsa | $2.0M | 0.3 mi |
| Statsoft/dell Statistica In The Benelux Tulsa | $2.0M | 0.3 mi |
| LabCorp Tulsa | $2.0M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.7M |
| Estimate: the two combined (geometric mean) | $5.5M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $797K |
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 | $3.4M |
| Multiple for this size and industry | 4.3× |
| Value range | $1.8M – $4.7M |
| Revenue range | $3.6M – $6.3M |
| EBITDA range | $524K – $909K |
| Industry (NAICS) | Engineering Services (541330) |
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
“XRG Technologies was born on a plane during a discussion about lack of innovation in the industry.”
Leadership
- EPERWIN PLATVOETCTO · Company website · source
- BHBAILEY HENDRIXWestern Hemisphere Sales Director · Company website · source
- ABALLEN BURRISSales Engineer · Company website · source
- TWTIM WEBSTERLicensed Professional Mechanical Engineer · Company website · source
- MMmatt martinLead Scientist · Company website · source
- GBgina briggsCFO · Company website · source
Advisors
- BankingVast Bank, National Association, Commerce BankPPP / 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
| Commerce Bank 504 2020, 7(a) 2025 | All 113 borrowers → |
| Vast Bank, National Association PPP 2020, PPP 2021 | All 359 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $255K | 14 |
| 3/23/2021 | second | $324K | 15 |
Public records
| Jan 2025 | 7(a) | $975K |
| Apr 2020 | 504 | $794K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Xrg Technologies LLC
Xrg Technologies LLC is an engineering & architecture company in Tulsa, Oklahoma, in business since 2016. Its estimated annual revenue is about $5.5M, with roughly $797K of EBITDA. It has about 25 employees. Its estimated business value is $3.4M (likely range $1.8M–$4.7M).
Common questions
- Who owns Xrg Technologies LLC?
- The owner of Xrg Technologies 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 Xrg Technologies LLC make?
- SeeBITDA estimates Xrg Technologies LLC's annual revenue at about $5.5M (likely between $3.6M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Xrg Technologies LLC worth?
- About $3.4M, roughly 4.3× its estimated EBITDA of $797K, typical for a engineering & architecture company its size. Likely range: $1.8M–$4.7M.
- How many employees does Xrg Technologies LLC have?
- About 25, from its 2025 retirement-plan filing.
- When was Xrg Technologies LLC founded?
- Xrg Technologies LLC has been in business since 2016.