Applied Industrial Machining LLC
How we got $21.5M
Based on 136 employees on its 2025 401(k) filing.
What we know
Signs of a sale Likely to sell
- In business 48 years (since 1978)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Applied Industrial Machining is a contract machining and manufacturing provider in Oklahoma City, offering services to a wide variety of industries and customers with regional and global footprints. It handles order quantities from 1 to 1000 pieces, including prototyping, production and contract manufacturing.
From the company's website. Industry: Machine shops & fabrication.
Ownership & transactions
- Acquired by Argonaut Private Equity · Jan 2013Private equity firm Argonaut Private Equity acquired Applied Industrial Machining, an Oklahoma City machinery company, on January 30, 2013.Source
Estimated value over time
▲ 23% 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
▼ 1% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 138 | $28.1M |
| 2020 | Form 5500 | 73 | $14.8M |
| 2021 | Form 5500 | 96 | $19.5M |
| 2022 | Form 5500 | 127 | $25.8M |
| 2023 | Form 5500 | 116 | $23.6M |
| 2024 | Form 5500 | 136 | $27.7M |
| 2025 | Form 5500 | 136 | $27.7M |
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 |
|---|---|---|
| APPLIED INDUSTRIAL MACHINING LLC this business | $34.7M | — |
| SASCO MACHINE SHOP, INC. Oklahoma City · 13 employees | $2.9M | 0.7 mi |
| AMERICAN MACHINING SOLUTIONS LLC. Oklahoma City · 4 employees | $795K | 1.0 mi |
| POGUE MACHINE INC Oklahoma City · 6 employees | $1.4M | 1.0 mi |
| INLAND MACHINE & WELDING CO (CORPORATION) Oklahoma City · 10 employees | $2.4M | 1.2 mi |
| GENERAL MACHINE INC. Oklahoma City · 3 employees | $637K | 1.9 mi |
| CALLAWAY EQUIPMENT & MFG Oklahoma City · 4 employees | $894K | 3.8 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $21.5M |
| Multiple for this size and industry | 5.8× |
| Value range | $13.7M – $38.6M |
| Employees in its retirement plan (2025 Form 5500) | 136 |
| Industry revenue per employee | $203K |
| Revenue = employees × revenue per employee | $34.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $3.7M |
| For comparison: employees reported for PPP (2020) | 138 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $27.8M – $52.1M |
| EBITDA range | $3.0M – $5.6M |
| Industry (NAICS) | Machine Shops (332710) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Applied Industrial Machining began in February 6, 1978 by two partners, Bob Gilson and Mike Drain, who remain active in the leadership of the company today.”
Leadership
- JKJason KaysPresident · Company website · source
- BABrian AdriansePlant Manager · Company website · source
- ASAlan ShadoanQuality Manager · Company website · source
- RBRobert BeardonLead Foreman · Company website · source
- MMMike McDonaldChief Financial Officer · Company website · source
- CMConnor MalloyController · Company website · source
- MDMike DrainCo-Founder · Company website · source
Advisors
- 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 |
|---|---|---|---|
| 4/27/2020 | first | $2.3M | 138 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Applied Industrial Machining LLC
Applied Industrial Machining LLC is a machine shops & fabrication company in Oklahoma City, Oklahoma, in business since 1978. It is owned by Bob Gilson (Co-Founder). Its estimated annual revenue is about $34.7M, with roughly $3.7M of EBITDA. It has about 136 employees. Its estimated business value is $21.5M (likely range $13.7M–$38.6M).
Common questions
- Who owns Applied Industrial Machining LLC?
- Applied Industrial Machining LLC is owned by Bob Gilson (Co-Founder), according to public sources such as the company's website or filings.
- How much revenue does Applied Industrial Machining LLC make?
- SeeBITDA estimates Applied Industrial Machining LLC's annual revenue at about $34.7M (likely between $27.8M and $52.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Applied Industrial Machining LLC worth?
- About $21.5M, roughly 5.8× its estimated EBITDA of $3.7M, typical for a machine shops & fabrication company its size. Likely range: $13.7M–$38.6M.
- How many employees does Applied Industrial Machining LLC have?
- About 136, from its 2025 retirement-plan filing.
- When was Applied Industrial Machining LLC founded?
- Applied Industrial Machining LLC has been in business since 1978.
- Is Applied Industrial Machining LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 48 years (since 1978); no family successor named on its website.