Devon
Devon is a private Oklahoma City-based industrial equipment company, founded in 1988, that designs, supplies, and installs bulk fluid management systems, fluid evacuation and flushing machines, and provides CAD design, installation, and training services to industrial customers.
- Company typePublic
- Founded1968
- HeadquartersOklahoma City, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Devon does
Devon is a private industrial equipment company founded in 1988 and headquartered in Oklahoma City, Oklahoma. Per its firmographic record, the firm offers bulk fluid management systems, fluid evacuation and flushing machines, CAD design, installation, and training services, serving industrial customers that require dedicated fluid-handling infrastructure and ongoing service support. Its go-to-market motion combines engineered equipment sales with project-level CAD design, on-site installation, and operator training, which is a common full-stack model in niche industrial segments.
The company employs 101-250 people and operates as a for-profit private entity (website: devonlube.com). Its competitive posture rests on being an integrated provider — equipment + design + install + training — rather than a component supplier, which suggests a mix of capital-equipment revenue and recurring service/training revenue streams, though specific pricing models are not publicly disclosed in the input.
Note on data integrity: the aggregated input also contains extensive records describing Devon Energy Corporation (NYSE: DVN), a separate, much larger publicly traded oil and gas exploration and production company founded in 1968 that completed a $21.4 billion merger with Coterra Energy in early 2026. Those records, including M&A activity, activist-investor engagement with Kimmeridge, and a $5 billion share repurchase program, are not attributable to Devon (devonlube.com) and have been excluded from this analysis to avoid conflating two distinct companies.
Devon firmographics
Firmographics- Name
- Devon
- Legal name
- Devon Energy Corporation
- Website
- https://devonlube.com
- Company type
- Public
- Founded year
- 1968
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Devon is a private Oklahoma City-based industrial equipment company, founded in 1988, that designs, supplies, and installs bulk fluid management systems, fluid evacuation and flushing machines, and provides CAD design, installation, and training services to industrial customers.
- Ownership category
- akta.pro rank
Devon industry classification
Industry- Product category
- Industrial Fluid Management Equipment
- NAICS
- Other General Purpose Machinery Manufacturing (3339)
- SIC
- General Industrial Machinery & Equipment (3560)
- akta.pro primary industry
- Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling) (IMAHAGAL)
Keywords
Where Devon is headquartered
LocationHeadquarters
- HQ city
- Oklahoma City
- HQ country
- United States
- HQ region
- North America
Markets served
Devon business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D
Devon product offering
Product offeringCore offering
Devon designs, manufactures, and supplies bulk fluid management systems together with fluid evacuation and flushing machines for industrial customers. The company also delivers CAD design, on-site installation, and training services to support deployment and operation of its fluid handling equipment.
Differentiator
Problem solved
Functional benefit
Products and services
- Bulk Fluid Management Systems Engineered systems for storing, transferring, and managing bulk industrial fluids, supplied to industrial and commercial customers that require centralized fluid handling capability.
- Fluid Evacuation Machines Equipment designed to evacuate used or spent industrial fluids as part of maintenance and fluid-change operations, sold to industrial and shop-floor customers.
- Flushing Machines Equipment used to flush fluid circuits and reservoirs in industrial applications, targeted at customers performing preventive maintenance and system cleaning.
- CAD Design Services Computer-aided design of fluid management layouts and system configurations, provided to industrial customers preparing to install Devon's equipment.
- Installation Services On-site installation and commissioning of Devon's bulk fluid management systems, evacuation machines, and flushing machines at customer facilities.
- Training Services Operator and maintenance training on Devon's fluid management equipment, delivered to customer personnel to support safe and consistent use of the installed systems.
Quantifiable outcome
- New share repurchase program exceeding $5 billion
Companies that use Devon
Customer profileIdeal customer profiles1 record
Devon technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Devon partnerships and signals
Strategic signalScale indicators1 record
Recent moves1 record
Devon competitors and assessment
Company assessmentBroad incumbents
- Parker Hannifin: Parker Hannifin's Fluid Power and Engineered Materials groups include hydraulic/pneumatic components, filtration, and fluid handling used in industrial and oilfield service. Overlaps with Devon on fluid management systems, though Parker is a broad multi-billion-dollar industrial conglomerate.
- Donaldson Company, Inc. Donaldson manufactures filtration and fluid management products (including industrial filtration, condition monitoring, and bulk fluid handling) used in similar industrial and upstream environments. Comparable to Devon via fluid management and industrial filtration overlap, though Donaldson is a large diversified public peer.
- IDEX Corporation: IDEX owns multiple fluid-handling businesses (pumps, dispensing, lubrication) under brands such as Banjo, Viking Pump, andWarren Rupp. Operates in the same fluid management category as Devon but as a diversified industrial parent rather than a niche specialist.
- Graco Inc. Graco is a major fluid handling equipment manufacturer whose lubrication, fluid transfer, and bulk fluid management systems serve overlapping industrial and oilfield customers as Devon. Graco is a much larger publicly traded incumbent; Devon competes in a regional/niche slice of Graco's addressable market.
Emerging players
- Flowserve Corporation: Flowserve manufactures pumps, seals, and fluid management systems for oil & gas, power, and chemical customers — overlapping with Devon's installed-base customers and project work in oilfield/industrial fluid systems.
- Hydrotechnik / Testek: Specialized providers of hydraulic test equipment, fluid flushing rigs, and condition monitoring instrumentation — directly comparable to Devon's fluid flushing machines and system commissioning/testing service.
Direct peers
- Lincoln Industrial: Lincoln Industrial (SKF Lincoln) makes automated lubrication systems, fluid evacuation equipment, and bulk fluid handling solutions — directly comparable to Devon's fluid evacuation machines and bulk fluid management systems serving the same industrial/lube-room customer base.
- Alemite (part of SKF): Alemite manufactures lubrication and fluid handling equipment (pumps, meters, reels, fluid evacuation) closely overlapping with Devon's bulk fluid management and evacuation/flushing machines; targets the same industrial maintenance and oilfield service customers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Devon social profiles
Digital presenceDevon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Devon leadership team
Management profileNumber of profiles
Devon subsidiaries and ownership
Company hierarchySubsidiaries1 record
Devon funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Devon M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Devon
What does Devon do?
Devon designs, manufactures, and supplies bulk fluid management systems together with fluid evacuation and flushing machines for industrial customers. The company also delivers CAD design, on-site installation, and training services to support deployment and operation of its fluid handling equipment.
Is Devon a public or private company?
Devon is a public company. It is classified as unknown and is currently operating.
When was Devon founded?
Devon was founded in 1968. It employs 101 to 250 people.
Where is Devon based?
Devon is headquartered in Oklahoma City, United States, in the North America region.
Who are Devon's main competitors?
Broad incumbents on record are Parker Hannifin, Donaldson Company, Inc., IDEX Corporation and Graco Inc.. Emerging players are Flowserve Corporation and Hydrotechnik / Testek. Direct peers are Lincoln Industrial and Alemite (part of SKF).
Does Devon have an API?
No public API is recorded for Devon.
What industry is Devon in?
Devon's product category is Industrial Fluid Management Equipment. Its primary akta.pro industry code is IMAHAGAL, Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling). Its NAICS code is 3339 and its SIC code is 3560.