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Valor was selected one of six Texas businesses to receive the Better Business Bureau's 2022 Torch Award for Ethics.
BBB serving the Heart of Texas presents the Torch Awards for Ethics each year to businesses that exemplify ethical behavior and display integrity in all aspects of its operations.
Valor is a Fort Worth-based specialty asset management company that handles mineral rights, provides software solutions, and offers outsourcing for business processes.
There were almost 100 applicants for this year's award across 105 Texas counties, according to a press release.
"We're honored to be acknowledged for our ethical business practices," said Valor CEO Joseph DeWoody in a statement. “It's always a pleasure to be recognized for business practices that lead by example, empowering others to maintain their own commitment to personal improvement and ethical behavior. At Valor, we've worked hard as a team to build our reputation in the local business community, with a firm belief in adhering to the highest ethical standards and practices.”
Since the company was founded in 2018, Valor has become one of the Southwest's leading private asset managers and mineral rights specialists.
The company now oversees a combined 8.4 million gross acres and 450,000 net royalty acres of mineral and property rights across 32 U.S. states. Valor's proprietary mineral.tech® software tracks and optimizes more than 100,000 interests, generating a combined worth of more than $150 million in annual revenue on behalf of their clients.
The company's professional services scope, focused primarily on private wealth management and oil and gas assets, extends beyond Valor's business solutions and back-office services in the energy sector to include Valor Ignite™ — an on-demand business process outsourcing solution for accounting, marketing services, and contract c-suite engagements.
Valor manages private assets for an increasingly wide range of clientele, including individuals, families, partnerships, trusts, non-profits, universities, institutions, investment funds, and family offices.
"Better Business Bureau celebrates its Torch Award winners for everything they do to strengthen their business community and contribute to an ethical and trustworthy marketplace," said Carrie A. Hurt, president and CEO of BBB serving the Heart of Texas. "Torch awardees are a step above the rest – they're the best of the best." The Torch Awards competition is open to all for-profit businesses headquartered in BBB's 105-county service area.