Additive Systems Inc
How we got $6.9M
Based on its 26 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 42 years (since 1984)
From public records and the company's website, not a statement that it's for sale.
What they do
Additive Systems Inc. (ASI) provides custom additive systems, fabrication, welding and turnkey installation for the energy industry and for industrial, commercial, agricultural and residential industries that refine products such as gasoline, diesel, biodiesel, CNG, ethanol, jet fuel and water.
From the company's website. Industry: Industrial Valve Manufacturing.
Estimated value over time
▲ 9% 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.
Employees over time
▼ 35% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 26 | $11.1M |
| 2020 | Form 5500 | 19 | $8.1M |
| 2021 | Form 5500 | 16 | $6.8M |
| 2022 | Form 5500 | 16 | $6.8M |
| 2023 | Form 5500 | 17 | $7.2M |
| 2024 | Form 5500 | 19 | $8.1M |
| 2025 | Form 5500 | 17 | $7.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ADDITIVE SYSTEMS INC this business | $12.7M | — |
| WILKINSON MANUFACTURING INC Broken Arrow · 8 employees | $3.2M | 0.6 mi |
| H. G. FLAKE COMPANY, INC. Broken Arrow · 20 employees | $7.5M | 0.7 mi |
| A-Z MANUFACTURING LLC Broken Arrow · 10 employees | $4.1M | 1.0 mi |
| L6 INC Broken Arrow · 61 employees | $30.2M | 1.2 mi |
| ENVIRO VALVE INC Broken Arrow · 6 employees | $4.5M | 1.4 mi |
| CYCLONIC VALVE COMPANY Broken Arrow · 30 employees | $17.2M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.0M |
| Estimate: the two combined (geometric mean) | $12.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.5M |
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 | $6.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.6M – $9.4M |
| Revenue range | $8.4M – $14.5M |
| EBITDA range | $959K – $1.7M |
| Industry (NAICS) | Industrial Valve Manufacturing (332911) |
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
People & advisors
“Additive Systems Inc. (ASI) was started in 1984 by people experienced in the refined products industry.”
Advisors
- BankingVast Bank, National AssociationPPP / 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
| Vast Bank, National Association PPP 2020, PPP 2021 | All 359 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $355K | 26 |
| 1/23/2021 | second | $273K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Additive Systems Inc
Additive Systems Inc is an industrial valve manufacturing company in Broken Arrow, Oklahoma, in business since 1984. Its estimated annual revenue is about $12.7M, with roughly $1.5M of EBITDA. It has about 17 employees. Its estimated business value is $6.9M (likely range $3.6M–$9.4M).
Common questions
- Who owns Additive Systems Inc?
- The owner of Additive Systems 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 Additive Systems Inc make?
- SeeBITDA estimates Additive Systems Inc's annual revenue at about $12.7M (likely between $8.4M and $14.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Additive Systems Inc worth?
- About $6.9M, roughly 4.7× its estimated EBITDA of $1.5M, typical for a industrial valve manufacturing company its size. Likely range: $3.6M–$9.4M.
- How many employees does Additive Systems Inc have?
- About 17, from its 2025 retirement-plan filing.
- When was Additive Systems Inc founded?
- Additive Systems Inc has been in business since 1984.