Berendsen Fluid Power, Inc.
- Valerie ListerCfo · Web search
- B.C. GheewalaGeneral Manager · Web search
- Whitney PfeiferSigns company filings · Form 5500 (2024)
How we got $148.8M
Based on its 280 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 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
Berendsen is one of North America's largest distributors of hydraulic and pneumatic products and services, providing products and services from hydraulics and pumps to system design and repair.
From the company's website. Industry: Industrial Machinery and Equipment Merchant Wholesalers.
Estimated value over time
▲ 2% 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
▼ 4% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 280 | $215.8M |
| 2020 | Form 5500 | 283 | $218.2M |
| 2021 | Form 5500 | 318 | $245.1M |
| 2022 | Form 5500 | 267 | $205.8M |
| 2023 | Form 5500 | 264 | $203.5M |
| 2024 | Form 5500 | 268 | $206.6M |
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 |
|---|---|---|
| BERENDSEN FLUID POWER, INC. this business | $349.4M | — |
| VICTOR WELDING SUPPLY Tulsa · 43 employees | $36.9M | 0.9 mi |
| LEE HOLDING COMPANY, LLC Tulsa · 47 employees | $50.7M | 1.0 mi |
| QUALITY MATERIAL HANDLING CO LLC Tulsa · 2 employees | $3.0M | 1.3 mi |
| PAUL KING COMPANY Tulsa · 2 employees | $2.9M | 1.3 mi |
| D S HERRON COMPANY, INC Tulsa · 8 employees | $8.9M | 1.6 mi |
| THE UNLAUB CO. INC. Tulsa · 22 employees | $24.9M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 280 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $263.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $356.2M |
| Estimate: the two combined (geometric mean) | $349.4M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $21.0M |
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 | $148.8M |
| Multiple for this size and industry | 7.1× |
| Value range | $78.3M – $203.7M |
| Revenue range | $229.8M – $398.4M |
| EBITDA range | $13.8M – $23.9M |
| Industry (NAICS) | Industrial Machinery and Equipment Merchant Wholesalers (423830) |
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
- AccountingStotts, Archambo, Mueggenborg & BarAudits its 401(k) plan (2024 filing)
- BankingJPMorgan Chase Bank, 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
| JPMorgan Chase Bank, National Association PPP 2020 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $5.5M | 280 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Berendsen Fluid Power, Inc.
Berendsen Fluid Power, Inc. is an industrial machinery and equipment merchant wholesalers company in Tulsa, Oklahoma, in business since 1996. It is owned by H. Ian Hill (President). Its estimated annual revenue is about $349.4M, with roughly $21.0M of EBITDA. It has about 268 employees. Its estimated business value is $148.8M (likely range $78.3M–$203.7M).
Common questions
- Who owns Berendsen Fluid Power, Inc.?
- Berendsen Fluid Power, Inc. is owned by H. Ian Hill (President), according to public sources such as the company's website or filings.
- How much revenue does Berendsen Fluid Power, Inc. make?
- SeeBITDA estimates Berendsen Fluid Power, Inc.'s annual revenue at about $349.4M (likely between $229.8M and $398.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Berendsen Fluid Power, Inc. worth?
- About $148.8M, roughly 7.1× its estimated EBITDA of $21.0M, typical for a industrial machinery and equipment merchant wholesalers company its size. Likely range: $78.3M–$203.7M.
- How many employees does Berendsen Fluid Power, Inc. have?
- About 268, from its 2024 retirement-plan filing.
- When was Berendsen Fluid Power, Inc. founded?
- Berendsen Fluid Power, Inc. has been in business since 1996.