American Piping Inspection Inc.
How we got $53.1M
Based on its 210 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
What they do
American Piping Inspection provides nondestructive testing, pipeline integrity, and inspection services for the oil, gas, and energy industries.
From the company's website. Industry: Engineering & architecture.
Estimated value over time
▲ 52% 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
▲ 144% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 210 | $30.9M |
| 2020 | Form 5500 | 187 | $27.6M |
| 2021 | Form 5500 | 203 | $29.9M |
| 2022 | Form 5500 | 282 | $41.5M |
| 2023 | Form 5500 | 394 | $58.1M |
| 2024 | Form 5500 | 513 | $75.6M |
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 |
|---|---|---|
| AMERICAN PIPING INSPECTION INC. this business | $52.8M | — |
| Simple Technology Solutions - Managed It Services Tulsa | $2.0M | 0.8 mi |
| Vanguard Equipment Inc Tulsa | $2.0M | 1.1 mi |
| Metric Cycles Racing Engines Tulsa | $2.0M | 1.2 mi |
| Cross Precision Measurement - Accredited Calibration Lab Tulsa, Ok Tulsa | $2.0M | 1.9 mi |
| HOME INSPECTION SERVICES LLC Tulsa · 2 employees | $389K | 2.0 mi |
| Apctec. Com Catoosa | $2.0M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 210 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $48.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $43.9M |
| Estimate: the two combined (geometric mean) | $52.8M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $7.1M |
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 | $53.1M |
| Multiple for this size and industry | 7.5× |
| Value range | $28.0M – $72.7M |
| Revenue range | $34.8M – $60.2M |
| EBITDA range | $4.7M – $8.1M |
| Industry (NAICS) | Testing Laboratories and Services (541380) |
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
“American Piping Inspection was established in 2006 and we have locations throughout the country and a variety of solutions for your inspection needs of every industry.”
Advisors
- AccountingHood And Associates CPAS PCAudits its 401(k) plan (2024 filing)
- BankingSecurity 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
| Security Bank PPP 2021 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/13/2021 | second | $2.0M | 210 |
2 locations
| 17110 E Pine St | Tulsa | This listing |
| 3212 S Ann Arbor Ave | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About American Piping Inspection Inc.
American Piping Inspection Inc. is an engineering & architecture company in Tulsa, Oklahoma, in business since 2006. It is owned by MINDI NICOLE MCBRIDE. Its estimated annual revenue is about $52.8M, with roughly $7.1M of EBITDA. It has about 513 employees. Its estimated business value is $53.1M (likely range $28.0M–$72.7M). It has 2 locations.
Common questions
- Who owns American Piping Inspection Inc.?
- American Piping Inspection Inc. is owned by MINDI NICOLE MCBRIDE, according to public sources such as the company's website or filings.
- How much revenue does American Piping Inspection Inc. make?
- SeeBITDA estimates American Piping Inspection Inc.'s annual revenue at about $52.8M (likely between $34.8M and $60.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is American Piping Inspection Inc. worth?
- About $53.1M, roughly 7.5× its estimated EBITDA of $7.1M, typical for a engineering & architecture company its size. Likely range: $28.0M–$72.7M.
- How many employees does American Piping Inspection Inc. have?
- About 513, from its 2024 retirement-plan filing.
- When was American Piping Inspection Inc. founded?
- American Piping Inspection Inc. has been in business since 2006.