The shooting of a Hells Angel bikie at his transport company in Sydney's southwest was a "brazen execution" by one of up to seven men who invaded his workplace, police say.

Dynamic Transport owner Zeljko "Steve" Mitrovic, 45, died at his work premises at Wetherill Park just before 4pm (AEDT) on Tuesday after being shot several times by a man with a pistol.

Another man, 31, was shot in the right arm and is in hospital in a stable condition.

Police believe the wounded man was caught in the crossfire after up to seven men arrived at the premises and got into a heated argument with Mr Mitrovic.

Acting Assistant Commissioner Peter Cotter told reporters on Wednesday that at this stage it was not considered likely that other bike gangs were involved.

He said it was "a brazen execution in someone's safe haven", their workplace, and the obviously targeted attack could have been related to Mr Mitrovic's personal or business dealings.

"All parts of his history, recent and long term, will be explored for any potential or possible motive."

"It's unclear at this stage what the exact motive might be."

Mr Cotter said police were in touch with Hells Angels members and were seeking to keep things calm and avoid any retaliation.

He said witnesses at the scene were very shaken but everyone had been very willing to talk to police.

Descriptions given of the offenders were "varied and a bit scratchy", but it was hoped further interviews on Wednesday would give a clearer idea of who the gunman and his accomplices might be, Mr Cotter said.

He said up to seven offenders had argued with Mr Mitrovic in the company yard, and after he called a halt and went upstairs to his office, three men followed him and an even more heated argument ensued.

One of the men produced a pistol and fired a number of shots, some of them hitting Mr Mitrovic, killing him at the scene.

A post mortem examination was being conducted on Wednesday.

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