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Oklahoma Department of Commerce

Oklahoma Business Incubators Advancing Startups’ Success – XRG Technologies



This story is part of a series on incubator success stories over the past year.

The Forge, Tulsa, Okla.

In 2017, XRG joined The Forge business incubator in Downtown Tulsa with hopes of learning how to successfully launch and grow a business.

Focusing on fired equipment, XRG delivers advanced engineering and procurement solutions to the power, refining and petrochemical industries

XRG Team

Since its incubator graduation in 2018, the company has grown by 233 percent in personnel and has acquired business from companies such as ExxonMobil, Chevron, Valero, Suncor and the likes. Within 22 months of operation, XRG secured revenues reaching over $22 million with the help of the Forge and its fantastic mentors. Through the Forge’s programming, XRG acquired business acumen and resources that are helping the company grow tenfold over the next few years bringing in millions of dollars to the Oklahoma and Tulsa economy.

XRG now employs 10 engineering professionals and is currently in the process of hiring three more. The company has already outgrown its first office space (outside the business incubator) and are now looking for larger offices to accommodate the anticipated growth.

For more information visit theforgetulsa.com

To learn how to become a certified incubator visit: okcommerce.gov/business/incubators

 


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