Asbestos Handlers, Inc
How we got $7.7M
Based on its 55 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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
Asbestos Handlers Inc is a Tulsa, Oklahoma based company that specializes in asbestos abatement, and also offers tiling, painting, and design and build services.
From the company's website. Industry: Remediation Services.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PERSIMMON RIDGE LLC · Tulsa, 9 mi · $116.9M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 81 mi · $76.0M
- COMMUNITY ACTION PROJECT OF TULSA COUNTY, INC. · Tulsa, 6 mi · $68.9M
- OKLAHOMA WESLEYAN UNIVERSITY, INC · Bartlesville, 37 mi · $32.2M
- HOLLAND HALL · Tulsa, 9 mi · $30.2M
Estimated value over time
▲ 49% 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 |
|---|---|---|
| ASBESTOS HANDLERS, INC this business | $13.7M | — |
| ACME REMEDIATION LLC Tulsa · 10 employees | $3.6M | 1.4 mi |
| INTEGRITY LIGHTING INC Tulsa · 10 employees | $2.4M | 2.8 mi |
| JCIRS INDUSTRIES LLC Tulsa · 4 employees | $1.3M | 3.0 mi |
| MOHAWK DRILLING, INC. Tulsa · 5 employees | $1.6M | 3.4 mi |
| ENVIRONMENTAL REMEDIATION SPECIALISTS, INC. Tulsa · 15 employees | $4.7M | 4.2 mi |
| ACCENT RESTORATION, L.L.C. Tulsa · 10 employees | $3.4M | 5.0 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.5M |
| Estimate: the two combined (geometric mean) | $13.7M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $1.6M |
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 | $7.7M |
| Multiple for this size and industry | 4.7× |
| Value range | $4.1M – $10.6M |
| Revenue range | $9.0M – $15.6M |
| EBITDA range | $1.1M – $1.9M |
| Industry (NAICS) | Remediation Services (562910) |
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
History & advisors
Advisors
- BankingThe Exchange 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
| The Exchange Bank PPP 2020 | All 125 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $362K | 55 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Asbestos Handlers, Inc
Asbestos Handlers, Inc is a remediation services company in Tulsa, Oklahoma, in business since 2001. Its estimated annual revenue is about $13.7M, with roughly $1.6M of EBITDA. It has about 55 employees. Its estimated business value is $7.7M (likely range $4.1M–$10.6M).
Common questions
- Who owns Asbestos Handlers, Inc?
- The owner of Asbestos Handlers, 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 Asbestos Handlers, Inc make?
- SeeBITDA estimates Asbestos Handlers, Inc's annual revenue at about $13.7M (likely between $9.0M and $15.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Asbestos Handlers, Inc worth?
- About $7.7M, roughly 4.7× its estimated EBITDA of $1.6M, typical for a remediation services company its size. Likely range: $4.1M–$10.6M.
- How many employees does Asbestos Handlers, Inc have?
- About 55, as reported on its PPP loan.
- When was Asbestos Handlers, Inc founded?
- Asbestos Handlers, Inc has been in business since 2001.