Novo II Hq, LLC
How we got $93.2M
Based on 20 employees on its 2025 401(k) filing.
What we know
Estimated value over time
▲ 14% since 2024Today'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
▲ 11% since 2024Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2024 | Form 5500 | 18 | $59.7M |
| 2025 | Form 5500 | 20 | $66.3M |
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 |
|---|---|---|
| NOVO II HQ, LLC this business | $73.3M | — |
| RED DRAGON LLC Oklahoma City · 1 employees | $3.2M | 0.2 mi |
| 80DEGREES ENERGY LLC Oklahoma City · 1 employees | $4.5M | 0.3 mi |
| TO PRODUCTION LLC Oklahoma City · 2 employees | $6.7M | 0.4 mi |
| BLACKWOOD FAMILY LLC Oklahoma City · 1 employees | $5.0M | 0.5 mi |
| MAP-U MINERALS LLC Oklahoma City · 1 employees | $4.6M | 0.6 mi |
| VERTICAL ENERGY, LLC Oklahoma City · 2 employees | $11.5M | 0.7 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $93.2M |
| Multiple for this size and industry | 6.4× |
| Value range | $48.7M – $137.0M |
| Employees in its retirement plan (2025 Form 5500) | 20 |
| Industry revenue per employee | $3.3M |
| Revenue = employees × revenue per employee | $73.3M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $14.6M |
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 | $47.9M – $89.8M |
| EBITDA range | $9.5M – $17.8M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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 the company's Form 5500 retirement-plan filing. Full methodology
People & advisors
Leadership
- JVJeff VestringSigned for the company · 2025 retirement-plan filing (Form 5500)
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 Novo II Hq, LLC
Novo II Hq, LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $73.3M, with roughly $14.6M of EBITDA. It has about 20 employees. Its estimated business value is $93.2M (likely range $48.7M–$137.0M).
Common questions
- Who owns Novo II Hq, LLC?
- The owner of Novo II Hq, 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 Novo II Hq, LLC make?
- SeeBITDA estimates Novo II Hq, LLC's annual revenue at about $73.3M (likely between $47.9M and $89.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Novo II Hq, LLC worth?
- About $93.2M, roughly 6.4× its estimated EBITDA of $14.6M, typical for a crude petroleum extraction company its size. Likely range: $48.7M–$137.0M.
- How many employees does Novo II Hq, LLC have?
- About 20, from its 2025 retirement-plan filing.