Zeeco, Inc
How we got $421.5M
Based on its 500 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 47 years (since 1979)
From public records and the company's website, not a statement that it's for sale.
What they do
Zeeco, Inc. designs and manufactures combustion and environmental solutions, including flare systems, industrial burners, thermal oxidizers, and vapor control systems, along with aftermarket parts, service, and rental equipment. It serves customers in hydrocarbon processing and other industries.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
Customers & suppliers
Customers
- Public Buildings Service · federal contracts $33K
Suppliers & brands
- Devco Process Heaters · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 12 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 13 mi · $467.6M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 17 mi · $326.6M
- BKG INDUSTRIES, LLC · Stigler, 61 mi · $318.2M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 17 mi · $315.1M
- HODGES TRANSPORTATION INC · Tulsa, 13 mi · $11.3M
- EL ARCO INC · Tulsa, 10 mi · $4.1M
- ARLAN RECEIVING DELIVERY AND STORAGE, INC. · Tulsa, 8 mi · $2.0M
- ALLIED CONTAINER SALES, LLC · Tulsa, 15 mi · $936K
- FIVE R INC · Tulsa, 9 mi · $897K
Estimated value over time
▼ 13% 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
▲ 64% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 500 | $278.9M |
| 2020 | Form 5500 | 634 | $353.6M |
| 2021 | Form 5500 | 601 | $335.2M |
| 2022 | Form 5500 | 612 | $341.4M |
| 2023 | Form 5500 | 711 | $396.6M |
| 2024 | Form 5500 | 818 | $456.3M |
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 |
|---|---|---|
| ZEECO, INC this business | $519.3M | — |
| KING VALVE COMPANY, LLC Broken Arrow · 23 employees | $14.3M | 4.9 mi |
| MIDWAY MACHINING COMPANY LLC Broken Arrow · 45 employees | $26.5M | 4.9 mi |
| A G EQUIPMENT COMPANY Broken Arrow · 470 employees | $430.1M | 6.3 mi |
| PDLA, LLC Tulsa · 1 employees | $1.1M | 9.1 mi |
| PIPE DREAM INVESTMENTS LLC Tulsa · 3 employees | $3.2M | 9.1 mi |
| STEEL SERVICE OILFIELD TUBULAR, INC. Tulsa · 15 employees | $13.7M | 9.1 mi |
The full calculation
| Employees reported to the SBA | 500 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $399.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $519.8M |
| Estimate: the two combined (geometric mean) | $519.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $47.4M |
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 | $421.5M |
| Multiple for this size and industry | 8.9× |
| Value range | $221.8M – $576.7M |
| Revenue range | $341.6M – $592.1M |
| EBITDA range | $31.2M – $54.0M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
“Founded in 1979, Zeeco has steadily become the world leader in the design and manufacture of advanced combustion and environmental solutions.”
Advisors
- AccountingHogan Taylor LLPAudits its 401(k) plan (2024 filing)
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $10.0M | 500 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Zeeco, Inc
Zeeco, Inc is an oil and gas field machinery and equipment manufacturing company in Broken Arrow, Oklahoma, in business since 1979. It is owned by Darton Zink (Owner and CEO). Its estimated annual revenue is about $519.3M, with roughly $47.4M of EBITDA. It has about 818 employees. Its estimated business value is $421.5M (likely range $221.8M–$576.7M).
Common questions
- Who owns Zeeco, Inc?
- Zeeco, Inc is owned by Darton Zink (Owner and CEO), according to public sources such as the company's website or filings.
- How much revenue does Zeeco, Inc make?
- SeeBITDA estimates Zeeco, Inc's annual revenue at about $519.3M (likely between $341.6M and $592.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Zeeco, Inc worth?
- About $421.5M, roughly 8.9× its estimated EBITDA of $47.4M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $221.8M–$576.7M.
- How many employees does Zeeco, Inc have?
- About 818, from its 2024 retirement-plan filing.
- When was Zeeco, Inc founded?
- Zeeco, Inc has been in business since 1979.