Apex Industries, Inc
How we got $37.0M
Based on its 70 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
- In business 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 38% 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 |
|---|---|---|
| APEX INDUSTRIES, INC this business | $53.9M | — |
| AMERICAN INDUSTRIAL, INC. Tulsa · 2 employees | $2.2M | 4.7 mi |
| RED DEVIL, INCORPORATED Tulsa · 93 employees | $84.2M | 7.0 mi |
| H & H PROTECTIVE COATINGS COMPANY Tulsa · 9 employees | $5.8M | 7.6 mi |
| CHEMPROOF POLYMERS, INC Tulsa · 4 employees | $3.9M | 8.1 mi |
| ANCHOR PAINT MFG. CO. INC Tulsa · 60 employees | $43.7M | 8.3 mi |
| TULSA POWDER COATING, INC Tulsa · 10 employees | $5.7M | 10.8 mi |
The full calculation
| Employees reported to the SBA | 70 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $46.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $47.6M |
| Estimate: the two combined (geometric mean) | $53.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $5.7M |
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 | $37.0M |
| Multiple for this size and industry | 6.5× |
| Value range | $19.5M – $50.7M |
| Revenue range | $35.4M – $61.4M |
| EBITDA range | $3.7M – $6.5M |
| Industry (NAICS) | Paint and Coating Manufacturing (325510) |
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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/7/2020 | first | $863K | 70 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Apex Industries, Inc
Apex Industries, Inc is a paint and coating manufacturing company in Tulsa, Oklahoma, in business since 2003. Its estimated annual revenue is about $53.9M, with roughly $5.7M of EBITDA. It has about 70 employees. Its estimated business value is $37.0M (likely range $19.5M–$50.7M).
Common questions
- Who owns Apex Industries, Inc?
- The owner of Apex Industries, 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 Apex Industries, Inc make?
- SeeBITDA estimates Apex Industries, Inc's annual revenue at about $53.9M (likely between $35.4M and $61.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Apex Industries, Inc worth?
- About $37.0M, roughly 6.5× its estimated EBITDA of $5.7M, typical for a paint and coating manufacturing company its size. Likely range: $19.5M–$50.7M.
- How many employees does Apex Industries, Inc have?
- About 70, as reported on its PPP loan.
- When was Apex Industries, Inc founded?
- Apex Industries, Inc has been in business since 2003.