Ahrberg Milling of Cushing, Inc
How we got $17.0M
Based on its 39 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 106 years (since 1920)
- Family in the business (Bob Ahrberg, Partner)
From public records and the company's website, not a statement that it's for sale.
What they do
Ahrberg Milling Company of Cushing, Oklahoma makes animal feeds, including cattle cubes, creep, medicated and specialty feeds, dairy, horse and buffalo feeds, and runs a retail store at its mill selling farm and pet supplies.
From the company's website. Industry: Iron and Steel Forging.
Estimated value over time
▲ 22% 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 |
|---|---|---|
| AHRBERG MILLING OF CUSHING, INC this business | $27.4M | — |
| MOORE IRON & STEEL CORP. Yale · 70 employees | $52.7M | 10.1 mi |
| DYN COLLECTOR HEADS, INC Mannford · 3 employees | $1.7M | 21.8 mi |
| SCORPION PUMP AND INDUSTR IAL LLC Shawnee · 5 employees | $2.9M | 40.2 mi |
| OKLAHOMA FORGE LLC Tulsa · 36 employees | $27.6M | 41.4 mi |
| THOMAS SCRIMINGER Tulsa · 6 employees | $2.9M | 45.5 mi |
| CHANUTE FINTUBE LLC Tulsa · 7 employees | $2.5M | 46.3 mi |
The full calculation
| Employees reported to the SBA | 39 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $25.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $22.6M |
| Estimate: the two combined (geometric mean) | $27.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.9M |
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 | $17.0M |
| Multiple for this size and industry | 5.8× |
| Value range | $8.9M – $23.2M |
| Revenue range | $18.0M – $31.3M |
| EBITDA range | $1.9M – $3.3M |
| Industry (NAICS) | Iron and Steel Forging (332111) |
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
Leadership
- BABob AhrbergPartner · Company website · source
Advisors
- BankingBlue Sky 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
| Blue Sky Bank PPP 2020 | All 430 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 | $437K | 39 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ahrberg Milling of Cushing, Inc
Ahrberg Milling of Cushing, Inc is an iron and steel forging company in Cushing, Oklahoma, in business since 1920. It is owned by Rick Ahrberg (President). Its estimated annual revenue is about $27.4M, with roughly $2.9M of EBITDA. It has about 39 employees. Its estimated business value is $17.0M (likely range $8.9M–$23.2M).
Common questions
- Who owns Ahrberg Milling of Cushing, Inc?
- Ahrberg Milling of Cushing, Inc is owned by Rick Ahrberg (President), according to public sources such as the company's website or filings.
- How much revenue does Ahrberg Milling of Cushing, Inc make?
- SeeBITDA estimates Ahrberg Milling of Cushing, Inc's annual revenue at about $27.4M (likely between $18.0M and $31.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ahrberg Milling of Cushing, Inc worth?
- About $17.0M, roughly 5.8× its estimated EBITDA of $2.9M, typical for a iron and steel forging company its size. Likely range: $8.9M–$23.2M.
- How many employees does Ahrberg Milling of Cushing, Inc have?
- About 39, as reported on its PPP loan.
- When was Ahrberg Milling of Cushing, Inc founded?
- Ahrberg Milling of Cushing, Inc has been in business since 1920.