Apax Glass, Inc.
How we got $5.1M
Based on its 53 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
- Headcount down 54% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 10% 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
▼ 75% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 53 | $8.2M |
| 2020 | Form 5500 | 25 | $3.9M |
| 2021 | Form 5500 | 28 | $4.3M |
| 2022 | Form 5500 | 25 | $3.9M |
| 2023 | Form 5500 | 23 | $3.6M |
| 2024 | Form 5500 | 13 | $2.0M |
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 |
|---|---|---|
| APAX GLASS, INC. this business | $16.0M | — |
| O. M. T. ENTERPRISES, INC. Sand Springs · 3 employees | $1.1M | 5.0 mi |
| ALL LIFT & LEVELING Mannford · 3 employees | $842K | 6.9 mi |
| AAA GLASS & MIRROR OF OKLAHOMA, LLC Sand Springs · 20 employees | $5.3M | 8.5 mi |
| CHARLES W. FRAZIER CONSTRUCTION, INC. Sand Springs · 3 employees | $1.3M | 8.8 mi |
| TCW, LLC Sand Springs | $2.2M | 11.0 mi |
| ERIC GOODMAN CONSTRUCTION COMPANY Sand Springs · 3 employees | $1.3M | 11.9 mi |
The full calculation
| Employees reported to the SBA | 53 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.2M |
| Estimate: the two combined (geometric mean) | $16.0M |
| EBITDA margin (industry, adjusted for size) | 9% |
| 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 | $5.1M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.7M – $6.9M |
| Revenue range | $10.5M – $18.2M |
| EBITDA range | $979K – $1.7M |
| Industry (NAICS) | Glass and Glazing Contractors (238150) |
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
Advisors
- BankingSimmons 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
| Simmons Bank PPP 2020 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $436K | 53 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Apax Glass, Inc.
Apax Glass, Inc. is a glass and glazing contractors company in Cleveland, Oklahoma. It is owned by Chad Hubanks. Its estimated annual revenue is about $16.0M, with roughly $1.5M of EBITDA. It has about 13 employees. Its estimated business value is $5.1M (likely range $2.7M–$6.9M).
Common questions
- Who owns Apax Glass, Inc.?
- Apax Glass, Inc. is owned by Chad Hubanks, according to public sources such as the company's website or filings.
- How much revenue does Apax Glass, Inc. make?
- SeeBITDA estimates Apax Glass, Inc.'s annual revenue at about $16.0M (likely between $10.5M and $18.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Apax Glass, Inc. worth?
- About $5.1M, roughly 3.4× its estimated EBITDA of $1.5M, typical for a glass and glazing contractors company its size. Likely range: $2.7M–$6.9M.
- How many employees does Apax Glass, Inc. have?
- About 13, from its 2024 retirement-plan filing.