Victory Energy Operations, LLC

What Victory Energy Operations, LLC does

Victory Energy Operations, LLC is a US-based, privately held industrial boiler manufacturer founded in 1999 and headquartered in Collinsville, Oklahoma, with a secondary manufacturing facility in Cushing, Oklahoma. The company designs, engineers, manufactures, and services custom industrial thermal systems, with a product portfolio spanning watertube boilers (VOYAGER O-Type/A-Type, DISCOVERY D-Type), firetube boilers (FRONTIER wetback and dryback), heat recovery steam generators and waste heat boilers (HORIZON series up to 120 MW GT-HRSG), high-temperature hot water and thermal fluid generators (GENESIS), low-NOx industrial burners (VISION ProFlex/ProLine/ProPlus with sub-9 ppm NOx), economizers (EXPLORER), deaerators (DEFENDER), feedwater systems (FRONTLINE), water level equipment (TITAN), and the VE-CONNECT cloud-based documentation platform. A 6,500 sq ft on-site steam test facility is used to validate every boiler prior to shipment, and the company holds 11 registered trademarks/patents across its product lines.

The company's commercial model is built around direct sales of custom-engineered capital equipment delivered through a network of independent manufacturer's representatives specialized by product category and geography, covering all US states and 24 international markets. Pricing is quote-based with multi-year contracts; complementary revenue comes from field services (commissioning, training, Pro-Guard preventative maintenance), spare parts (24/7 inventory of hundreds of branded parts), and mobile boiler rentals (40,000–300,000 PPH). Customer segments include ethanol and bio-renewables (where the company claims majority share of North American ethanol plants), chemical processing, petroleum and oil & gas, healthcare, pulp and paper, power and utility, food and beverage, district energy, and education/institutional. Named enterprise customers include IFF, Phillips 66, DOW Chemical, Hillcrest Medical Center, and Alberta-Pacific Forest Industries.

Victory Energy is co-owned by founder/CEO John Viskup and Main Street Capital Corporation, indicating founder-led governance with institutional capital participation. The company emphasizes full vertical integration (engineering → manufacturing → logistics → field services) and operates 210,000 sq ft of manufacturing capacity, expanded in 2016 by 75,000 sq ft to support larger boilers and HRSGs. Active strategic priorities include international channel expansion (new reps in Peru and Canada in 2026), product line extension (DEFENDER launch in 2025), and digital aftermarket enablement via VE-CONNECT.

Name

Victory Energy Operations, LLC

Legal name

Victory Energy Operations, LLC

Website

https://victoryenergy.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

Victory Energy Operations, LLC is a privately held US industrial boiler manufacturer (founded 1999, Collinsville, OK) that designs, engineers, and services custom watertube and firetube boilers, HRSGs, burners, deaerators, and heat recovery systems for enterprise customers across ethanol, chemical, oil & gas, healthcare, and power/utility verticals, selling through an independent rep network.

Ownership category

akta.pro rank

Product category

Industrial Boiler Manufacturing

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

akta.pro secondary industries

Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF), Chillers, Boilers & Central Plant Operations (BPABACAG)

Keywords

• Industrial boiler systems
• Watertube boiler manufacturing
• Heat recovery solutions
• Industrial burner systems
• Steam generation equipment

Headquarters

HQ city

Collinsville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Boiler Sales: Custom-engineered watertube and firetube boilers sold directly to industrial and institutional customers. Revenue generated from design, manufacturing, and delivery of complete boiler systems.
2. Burner Sales: VISION burner product line including ProFlex, ProLine, and ProPlus series sold as standalone products or integrated with boiler systems.
3. Heat Recovery Solutions: HRSG, economizers, and heat recovery products for combined cycle, CHP, and industrial heat recovery applications.
4. End-Market Services: Field services including commissioning, training, preventative maintenance (Pro-Guard program), and inspections. Professional services for boiler lifecycle support.
5. Spare Parts: Replacement parts for Victory Energy boilers and competitive units. Available 24/7 with vast inventory of hundreds of parts including Honeywell, Fireye, Clark-Reliance, McDonnell Miller, Ashcroft, Foxboro, Allen Bradley, Warrick, and Yokogawa brands.
6. Rental Equipment: Mobile boiler rental solutions ranging from 40,000 to 300,000 PPH with operating pressures from 100-750 psi. Includes trailer-mounted units, skid mounted units, and mobile boiler rooms. Also offers 75,000 PPH mobile water treatment systems.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Victory Energy Operations designs, engineers, and manufactures custom-engineered industrial boilers and complementary steam-generation equipment, including watertube and firetube boilers, heat recovery steam generators, industrial burners, economizers, deaerators, feedwater systems, and high-temperature hot water generators. The company delivers each project from concept through commissioning, supported by field services, mobile boiler rental, spare parts, training, and the VE-CONNECT cloud-based monitoring platform.

Product overview

Victory Energy Operations, LLC is an industrial boiler manufacturer offering a comprehensive portfolio of thermal engineering solutions. The product portfolio centers on three core boiler types: VOYAGER Series watertube boilers (O-Type, D-Type, A-Type configurations), FRONTIER Series firetube boilers (Wetback and Dryback designs), and HORIZON Series heat recovery systems including HRSGs and economizers. Complementary products include GENESIS HTHW generators, VISION burner series (ProFlex, ProLine, ProPlus), DEFENDER deaerators, FRONTLINE feedwater systems, TITAN water level equipment, and VE-CONNECT digital platform. The company provides integrated solutions from concept to completion with engineering, manufacturing, logistics, field services, and rental equipment offerings.

Differentiator

Problem solved

Functional benefit

Brands

• VOYAGER® Series: O-Type, D-Type, and A-Type industrial watertube boilers for industrial and institutional applications
• DISCOVERY® Series
• FRONTIER® Series
• HORIZON® Series
• GENESIS® Series
• VISION® Series
• EXPLORER® Series
• DEFENDER™ Series
• TITAN®
• VE-CONNECT™
• PRO-GUARD
• FRONTLINE
• SolarGen Series

Products and services

• VOYAGER O-Type Watertube Boiler Custom-engineered O-Type watertube boiler designed for heavy-duty industrial steam generation in process plants such as ethanol, chemical, and refining facilities.
• DISCOVERY D-Type Watertube Boiler Custom-engineered D-Type watertube boiler for industrial steam service in applications where the D-Type configuration suits the site footprint and process duty.
• VOYAGER A-Type Watertube Boiler Custom-engineered A-Type watertube boiler used in industrial steam production where an A-Type configuration is preferred for the duty and footprint.
• HORIZON Waste Heat Watertube Boiler Patented waste-heat watertube boiler designed to recover energy from industrial exhaust streams and convert it into usable steam for the host process or facility.
• FRONTIER Wetback Firetube Boiler Custom-engineered wetback firetube boiler used for industrial steam and high-temperature hot-water service where a wetback construction is specified.
• FRONTIER Dryback Firetube Boiler Custom-engineered dryback firetube boiler for industrial steam and high-temperature hot-water service where a dryback construction is specified.
• HORIZON Waste Heat Firetube Boiler Waste-heat firetube boiler that recovers energy from industrial exhaust streams to generate usable steam for the host facility.
• GENESIS HTHW Generator High-Temperature Hot Water (HTHW) generator using membrane wall construction for district heating and institutional or industrial hot-water applications.
• GENESIS HTTF Heater High-Temperature Thermal Fluid (HTTF) heater that provides indirect process heating using thermal fluid for industrial applications.
• HORIZON Heat Recovery Steam Generator (HRSG) Heat Recovery Steam Generator (HRSG) that converts waste heat from gas turbine exhaust into steam for combined-cycle and cogeneration applications.
• HORIZON GT-HRSG Combined Cycle / CHP HORIZON GT-HRSG combined cycle and combined heat and power (CHP) system that recovers gas turbine exhaust heat to generate steam and power for industrial and institutional users.
• EXPLORER Economizer Series Boiler economizer series that recovers heat from flue gas to preheat boiler feedwater and improve overall fuel efficiency.
• VISION ProFlex Burner VISION ProFlex industrial burner with low-NOx capability (less than 9 ppm) for use across the VOYAGER, HORIZON, and FRONTIER boiler families.
• VISION ProLine Burner VISION ProLine industrial burner with low-NOx capability (less than 9 ppm), offered as part of the VISION burner family for Victory Energy boilers.
• VISION ProPlus Duct Burner VISION ProPlus duct burner designed for supplementary firing within HRSG ducts to add steam capacity in combined-cycle and CHP applications.
• DEFENDER Deaerator Boiler feedwater deaerator that removes dissolved oxygen and non-condensable gases from feedwater to protect boiler tubes and extend equipment life.
• FRONTLINE Feedwater System FRONTLINE feedwater system, a packaged boiler feedwater system supplied alongside Victory Energy boilers to deliver treated feedwater at the required pressure and temperature.
• TITAN Water Level Equipment TITAN water level equipment for boiler drum level control and indication, engineered to operate with Victory Energy boilers.
• Air Pre-Heaters Tubular air pre-heaters that recover heat from flue gas to preheat combustion air and improve boiler efficiency.
• VE-CONNECT Digital Platform VE-CONNECT cloud-based digital platform that connects Victory Energy boilers for remote monitoring, performance optimization, and lifecycle service support.
• Mobile Boiler Rental Mobile trailer-mounted boiler rental fleet that delivers temporary or emergency industrial steam capacity for plant outages, startups, and peak demand.
• End-Market Field Services Field services for Victory Energy and third-party boiler equipment, including installation, commissioning, training, maintenance, troubleshooting, and lifecycle support delivered through the company's field-service network.
• Spare Parts Spare parts inventory and supply for Victory Energy boilers and supported third-party equipment, ordered directly via the company's representative portal and parts ordering process.
• SolarGen Solar-Powered Boiler SolarGen solar-powered boiler that integrates solar-thermal energy to generate industrial steam as part of Victory Energy's renewable-fuel equipment portfolio.
• Biomass Solutions Biomass-fueled steam generation solutions, including biomass-capable boiler designs and fuel-handling packages, offered as part of Victory Energy's renewable-fuel equipment portfolio.

Quantifiable outcome

• Low NOx emissions as low as <9 ppm with VISION ProFlex and ProLine burners
• +2 more outcomes

Named customers8 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Three partnerships are on record, tiered core.

• ECI (Equipment Company Inc.)coreChannel Partner/ Reseller/ Distributor · 16 June 2026ECI named as representative partner in Utah to represent Victory Energy's complete line of industrial boilers, burners, and heat recovery products. ECI is Victory Energy's face to the market in the Utah territory.
• S.C. DeLongcoreChannel Partner/ Reseller/ Distributor · 15 June 2026S.C. DeLong appointed to represent Victory Energy as part of the expanded Canadian representative network. Extends Victory Energy's geographic reach in Canada.
• AC CalderascoreChannel Partner/ Reseller/ Distributor · 18 May 2026AC Calderas named as Firetube representative in Peru, expanding Victory Energy's presence in the Latin American market for firetube boiler products.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Fulton Boiler Works: Manufacturer of industrial firetube and watertube boilers (including vertical tubeless designs) for process steam, heating, and commercial applications. Comparable mid-sized OEM with overlapping firetube/watertube product lines and similar channel-driven GTM.
• Miura America: Manufacturer of modular watertube boilers known for rapid-startup, low-NOx combustion, and small-footprint designs for commercial and industrial customers. Comparable in watertube boiler technology and emphasis on efficiency/emissions, though focused on smaller-capacity modular units.
• Bryan Steam LLC: Manufacturer of firetube and flexible watertube boilers for commercial, institutional, and industrial customers including healthcare and food processing. Comparable product portfolio and customer overlap, particularly in the firetube segment where Victory Energy's FRONTIER series competes.
• Johnston Boiler Company: Manufacturer of industrial firetube boilers for heating, process, and power applications. Comparable in firetube boiler offerings targeting similar mid-sized industrial and institutional customers.
• Cleaver-Brooks: One of the largest North American manufacturers of industrial firetube and watertube boilers, burners, and boiler room accessories. Closely comparable to Victory Energy across product portfolio (boilers, burners, deaerators, feedwater systems) and target end markets including healthcare, education, and industry.
• Hurst Boiler & Welding Co. Family-owned industrial boiler manufacturer offering firetube, watertube, and biomass boiler systems, plus boiler room auxiliaries. Closely comparable on product mix, mid-market industrial customer base, and reliance on rep networks.
• Superior Boiler Works: Manufacturer of industrial watertube and firetube boilers for process steam, power, and institutional applications. Comparable mid-market OEM with overlapping end markets including ethanol, food processing, and chemical processing.

Broad incumbents

• Thermax Limited: Large global energy and environmental solutions provider with industrial boilers, HRSGs, and heating solutions across multiple geographies. Comparable on HRSG and process boiler product lines, particularly relevant for Victory Energy's ethanol/refining customers expanding internationally.
• Babcock & Wilcox: Long-established global boiler OEM with industrial watertube and HRSG capabilities serving power, refining, and petrochemical customers. Highly comparable in HRSG and large utility-scale industrial boiler scope, though operates at a much larger scale across broader geographies.

Emerging players

• Industrial Combustion / ICC: Specialty burner manufacturer serving industrial boiler and process heating retrofits with low-NOx burner technology. Directly comparable to Victory Energy's VISION burner product line in addressing emissions-driven retrofit demand in ethanol, refining, and food/beverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/VictoryEnergy
• Xx.com/victory_energy
• Facebookfacebook.com/victory-energy-181202991894089
• LinkedInlinkedin.com/company/victory-energy-operations-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Victory Energy Operations, LLC