Axel Royal LLC
How we got $113.3M
Based on its 138 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▼ 35% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 138 | $217.5M |
| 2020 | Form 5500 | 66 | $104.0M |
| 2021 | Form 5500 | 66 | $104.0M |
| 2022 | Form 5500 | 81 | $127.6M |
| 2023 | Form 5500 | 96 | $151.3M |
| 2024 | Form 5500 | 90 | $141.8M |
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 |
|---|---|---|
| AXEL ROYAL LLC this business | $165.8M | — |
| SKINNER BROTHERS COMPANY INC Tulsa · 14 employees | $15.5M | 2.6 mi |
| Hf Sinclair Refinery Offices Tulsa | $19.7M | 2.7 mi |
| BRASHEAR PAVEMENT COATINGS, LLC Tulsa · 4 employees | $6.7M | 3.3 mi |
| ASPHALT AND FUEL SUPPLY, LLC Tulsa · 23 employees | $47.2M | 6.6 mi |
| ASPHALT AND FUEL TRANSPORT LLC Tulsa · 33 employees | $65.0M | 6.6 mi |
| AFFORDABLE ASPHALT & MAINTENANCE CO Sand Springs · 10 employees | $14.2M | 7.1 mi |
The full calculation
| Employees reported to the SBA | 138 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $192.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $110.0M |
| Estimate: the two combined (geometric mean) | $165.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $15.1M |
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 | $113.3M |
| Multiple for this size and industry | 7.5× |
| Value range | $59.6M – $155.0M |
| Revenue range | $109.1M – $189.1M |
| EBITDA range | $9.9M – $17.2M |
| Industry (NAICS) | Petroleum Lubricating Oil and Grease Manufacturing (324191) |
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
Leadership
- PEPete EdwardsSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- BankingGNBank, National AssociationPPP / 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
| GNBank, National Association PPP 2020, PPP 2021 | All 6 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $1.1M | 94 |
| 1/23/2021 | second | $1.1M | 138 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Axel Royal LLC
Axel Royal LLC is a petroleum lubricating oil and grease manufacturing company in Tulsa, Oklahoma. Its estimated annual revenue is about $165.8M, with roughly $15.1M of EBITDA. It has about 90 employees. Its estimated business value is $113.3M (likely range $59.6M–$155.0M).
Common questions
- Who owns Axel Royal LLC?
- The owner of Axel Royal LLC 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 Axel Royal LLC make?
- SeeBITDA estimates Axel Royal LLC's annual revenue at about $165.8M (likely between $109.1M and $189.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Axel Royal LLC worth?
- About $113.3M, roughly 7.5× its estimated EBITDA of $15.1M, typical for a petroleum lubricating oil and grease manufacturing company its size. Likely range: $59.6M–$155.0M.
- How many employees does Axel Royal LLC have?
- About 90, from its 2024 retirement-plan filing.