Asbury Machine Corporation
How we got $5.6M
Based on its 29 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 40% 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.
What we know
Signs of a sale Likely to sell
- In business 66 years (since 1960)
- Founder still runs it after 66 years
From public records and the company's website, not a statement that it's for sale.
What they do
Asbury Machine is a CNC machining shop in Tonkawa, Oklahoma, offering rapid quoting and quick-turn precision parts from prototype to production for custom manufacturing applications.
From the company's website. Industry: Machine shops & fabrication.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SPESS OIL COMPANY · Cleveland, 54 mi · $168.0M
- MARSAU ENTERPRISES, INC. · Enid, 36 mi · $144.4M
- LUGREG TRUCKING LLC · Kingfisher, 68 mi · $123.4M
- HOUGH OILFIELD SERVICES, INC · Cushing, 60 mi · $69.6M
- RITE-WAY CONSTRUCTION LLC · Enid, 35 mi · $68.9M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ASBURY MACHINE CORPORATION this business | $10.4M | — |
| PONCA MACHINE COMPANY Ponca City · 20 employees | $5.1M | 13.1 mi |
| LMS PRODUCTS, INC. Perry · 16 employees | $5.2M | 29.7 mi |
| Larry's Machine Shop (lms) Perry | $2.0M | 29.9 mi |
| LYNN'S MACHINE INC Enid · 10 employees | $3.1M | 36.0 mi |
| LYNNS MACHINE INC Enid · 10 employees | $2.8M | 36.0 mi |
| B-B MACHINE SHOP INC Enid · 5 employees | $1.8M | 36.6 mi |
The full calculation
| Employees reported to the SBA | 29 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.9M |
| Estimate: the two combined (geometric mean) | $10.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.6M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.0M – $7.7M |
| Revenue range | $6.9M – $11.9M |
| EBITDA range | $786K – $1.4M |
| 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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Asbury Machine was founded in 1960 by Robert Asbury as Asbury Bearing Company.”
Advisors
- BankingFirst National Bank of OklahomaPPP / 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
| First National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 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 | $371K | 29 |
| 1/20/2021 | second | $371K | 29 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Asbury Machine Corporation
Asbury Machine Corporation is a machine shops & fabrication company in Tonkawa, Oklahoma, in business since 1960. It is owned by Robert Asbury (Founder). Its estimated annual revenue is about $10.4M, with roughly $1.2M of EBITDA. It has about 29 employees. Its estimated business value is $5.6M (likely range $3.0M–$7.7M).
Common questions
- Who owns Asbury Machine Corporation?
- Asbury Machine Corporation is owned by Robert Asbury (Founder), according to public sources such as the company's website or filings.
- How much revenue does Asbury Machine Corporation make?
- SeeBITDA estimates Asbury Machine Corporation's annual revenue at about $10.4M (likely between $6.9M and $11.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Asbury Machine Corporation worth?
- About $5.6M, roughly 4.7× its estimated EBITDA of $1.2M, typical for a machine shops & fabrication company its size. Likely range: $3.0M–$7.7M.
- How many employees does Asbury Machine Corporation have?
- About 29, as reported on its PPP loan.
- When was Asbury Machine Corporation founded?
- Asbury Machine Corporation has been in business since 1960.
- Is Asbury Machine Corporation for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 66 years (since 1960); founder still runs it after 66 years.