Bennett Steel, Inc.
How we got $180.1M
Based on its 138 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 13% 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
▼ 22% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 138 | $62.9M |
| 2020 | Form 5500 | 100 | $45.6M |
| 2021 | Form 5500 | 82 | $37.4M |
| 2022 | Form 5500 | 101 | $46.0M |
| 2023 | Form 5500 | 100 | $45.6M |
| 2024 | Form 5500 | 108 | $49.2M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 36 years (since 1990)
From public records and the company's website, not a statement that it's for sale.
What they do
Bennett Steel Cranes, located in Sapulpa, Oklahoma, offers crane rental and crane services for construction, industrial, and commercial projects.
From the company's website. Industry: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing.
Customers & suppliers
Customers
- Sapulpa High School · named on its website
- NSU OPT Tahlequah · named on its website
- Claremore Turnpike Bypass · named on its website
Suppliers & brands
- Liebherr · brand it sells or installs
- Terex · brand it sells or installs
- Grove · brand it sells or installs
- Broderson · brand it sells or installs
- Manitex · brand it sells or installs
- National Crane · brand it sells or installs
- Link Belt · brand it sells or installs
- HTC · brand it sells or installs
- Demag · brand it sells or installs
- Tadano · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BENNETT STEEL, INC. this business | $99.7M | — |
| Bennett Crane Rentals Sapulpa | $1.9M | 0.0 mi |
| Aaa Rental & Tool Sales Sapulpa | $1.9M | 1.1 mi |
| TPE MIDSTREAM LLC Tulsa · 25 employees | $10.9M | 1.9 mi |
| JD32418 ENTERPRISE, INC Tulsa · 5 employees | $2.2M | 3.5 mi |
| EquipmentShare Tulsa | $3.0M | 4.7 mi |
| A-1 RENTAL & SUPPLY INC. Sand Springs · 7 employees | $2.7M | 7.5 mi |
The full calculation
| Employees reported to the SBA | 138 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $73.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $104.6M |
| Estimate: the two combined (geometric mean) | $99.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $24.0M |
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 | $180.1M |
| Multiple for this size and industry | 7.5× |
| Value range | $94.8M – $246.4M |
| Revenue range | $65.6M – $113.7M |
| EBITDA range | $15.8M – $27.4M |
| Industry (NAICS) | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412) |
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
History & advisors
Advisors
- AccountingHogantaylor, LLPAudits its 401(k) plan (2024 filing)
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2020, PPP 2021 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $1.6M | 114 |
| 4/7/2020 | first | $3.0M | 138 |
| 2/25/2021 | second | $1.6M | 114 |
| 2/25/2021 | second | $2.0M | 138 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bennett Steel, Inc.
Bennett Steel, Inc. is a construction, mining, and forestry machinery and equipment rental and leasing company in Sapulpa, Oklahoma, in business since 1990. Its estimated annual revenue is about $99.7M, with roughly $24.0M of EBITDA. It has about 108 employees. Its estimated business value is $180.1M (likely range $94.8M–$246.4M).
Common questions
- Who owns Bennett Steel, Inc.?
- The owner of Bennett Steel, 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 Bennett Steel, Inc. make?
- SeeBITDA estimates Bennett Steel, Inc.'s annual revenue at about $99.7M (likely between $65.6M and $113.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bennett Steel, Inc. worth?
- About $180.1M, roughly 7.5× its estimated EBITDA of $24.0M, typical for a construction, mining, and forestry machinery and equipment rental and leasing company its size. Likely range: $94.8M–$246.4M.
- How many employees does Bennett Steel, Inc. have?
- About 108, from its 2024 retirement-plan filing.
- When was Bennett Steel, Inc. founded?
- Bennett Steel, Inc. has been in business since 1990.