Advance Research Chemicals
How we got $124.7M
Based on its 120 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Acquired by Inhance Technologies (2021)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Inhance Technologies · Dec 2021Inhance Technologies acquired Advance Research Chemicals, Inc. (ARC) of Catoosa, Oklahoma, announced December 14, 2021, with Aurora Capital Partners also listed as a buyer.Source
Estimated value over time
▲ 54% 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
▼ 5% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 120 | $174.6M |
| 2020 | Form 5500 | 139 | $202.3M |
| 2021 | Form 5500 | 114 | $165.9M |
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 |
|---|---|---|
| ADVANCE RESEARCH CHEMICALS this business | $179.5M | — |
| STOUGHCOOL, LLC Owasso | $10.6M | 5.5 mi |
| LONE STAR SPECIALTY PRODUCTS LLC Tulsa · 37 employees | $39.9M | 13.8 mi |
| BRAINERD CHEMICAL CO INC Tulsa · 62 employees | $131.5M | 14.4 mi |
| OIL CAPITAL LAND & EXPLORATION Tulsa · 1 employees | $1.5M | 14.4 mi |
| MAGNESIUM PRODUCTS INC Tulsa · 7 employees | $4.0M | 20.0 mi |
| BSMK, INCORPORATED Chelsea · 5 employees | $9.3M | 27.5 mi |
The full calculation
| Employees reported to the SBA | 120 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $188.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $171.3M |
| Estimate: the two combined (geometric mean) | $179.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $16.6M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 24% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $124.7M |
| Multiple for this size and industry | 7.5× |
| Value range | $74.8M – $194.5M |
| Revenue range | $134.6M – $233.3M |
| EBITDA range | $12.5M – $21.6M |
| Industry (NAICS) | All Other Basic Organic Chemical Manufacturing (325199) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- AccountingEide BaillyAudits its 401(k) plan (2021 filing)
- BankingMabrey 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
| Mabrey Bank PPP 2020 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $1.7M | 120 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Advance Research Chemicals
Advance Research Chemicals is an all other basic organic chemical manufacturing company in Catoosa, Oklahoma. Its estimated annual revenue is about $179.5M, with roughly $16.6M of EBITDA. It has about 114 employees. Its estimated business value is $124.7M (likely range $74.8M–$194.5M).
Common questions
- Who owns Advance Research Chemicals?
- The owner of Advance Research Chemicals 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 Advance Research Chemicals make?
- SeeBITDA estimates Advance Research Chemicals's annual revenue at about $179.5M (likely between $134.6M and $233.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Advance Research Chemicals worth?
- About $124.7M, roughly 7.5× its estimated EBITDA of $16.6M, typical for a all other basic organic chemical manufacturing company its size. Likely range: $74.8M–$194.5M.
- How many employees does Advance Research Chemicals have?
- About 114, from its 2021 retirement-plan filing.