2lbin, Inc.
How we got $987K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
What they do
2LBin, Inc. (Mustang, OK) sells hot tapping machines, line stopping equipment, pipe freezing products and related pipeline tools, and offers certified training, for pipeline contractors, water districts, plumbers and mechanical companies.
From the company's website. Industry: Building material and supplies dealers.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- UNITED MECHANICAL, INC. · Oklahoma City, 12 mi · $77.2M
- HARRISON-ORR AIR CONDITIONING, LLC · Oklahoma City, 12 mi · $77.1M
- AIR COMFORT SOLUTIONS LLC · Moore, 11 mi · $72.9M
- H&H PLUMBING AND UTILITIES INC. · Goldsby, 20 mi · $57.5M
- STREETS, LLC · Oklahoma City, 10 mi · $44.1M
Estimated value over time
▲ 17% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| 2LBIN, INC. this business | $3.5M | — |
| GARAGE DOOR SOLUTIONS INC Oklahoma City · 1 employees | $492K | 2.5 mi |
| DOUG ANTHONY SIDING SPECIALIST, LLC Mustang · 1 employees | $483K | 2.9 mi |
| ALL SEASON BUILDING SUPPLY COMPANY INC Mustang · 8 employees | $4.5M | 4.3 mi |
| RAY'S TOOLS, INC. Yukon · 2 employees | $1.3M | 4.5 mi |
| FIREPLACE EXPRESS INC Oklahoma City · 6 employees | $3.2M | 4.9 mi |
| ALL AMERICAN GARAGE DOOR Oklahoma City · 2 employees | $1.4M | 5.0 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.4M |
| Estimate: the two combined (geometric mean) | $3.5M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $411K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $987K |
| Multiple for this size and industry | 2.4× |
| Value range | $519K – $1.4M |
| Revenue range | $2.3M – $3.9M |
| EBITDA range | $271K – $469K |
| Industry (NAICS) | Building material and supplies dealers (444190) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Since the start of International Flow Technologies (IFT) back on July 22, 1986 the demand for pipeline modifications without system shut downs has steadily increased due to population growth, environmental concerns, and other factors.”
Advisors
- BankingMidFirst BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $53K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About 2lbin, Inc.
2lbin, Inc. is a building material and supplies dealers company in Mustang, Oklahoma, in business since 1986. Its estimated annual revenue is about $3.5M, with roughly $411K of EBITDA. It has about 4 employees. Its estimated business value is $987K (likely range $519K–$1.4M).
Common questions
- Who owns 2lbin, Inc.?
- The owner of 2lbin, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does 2lbin, Inc. make?
- SeeBITDA estimates 2lbin, Inc.'s annual revenue at about $3.5M (likely between $2.3M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is 2lbin, Inc. worth?
- About $987K, roughly 2.4× its estimated EBITDA of $411K, typical for a building material and supplies dealers company its size. Likely range: $519K–$1.4M.
- How many employees does 2lbin, Inc. have?
- About 4, as reported on its PPP loan.
- When was 2lbin, Inc. founded?
- 2lbin, Inc. has been in business since 1986.