Bertrem Products Inc.
How we got $7.1M
Based on its 24 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
▼ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 24 | $18.5M |
| 2020 | Form 5500 | 21 | $16.2M |
| 2021 | Form 5500 | 18 | $13.9M |
| 2022 | Form 5500 | 17 | $13.1M |
| 2023 | Form 5500 | 18 | $13.9M |
| 2024 | Form 5500 | 18 | $13.9M |
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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Bertrem Products Inc. sells valves, temperature controllers and heat trace products through partnerships with leading manufacturers, offering technical assistance and services to a range of industries. It serves Oklahoma, North Texas, West Texas/Odessa, the Panhandle, New Mexico and Arkansas from branch locations.
From the company's website. Industry: Industrial Machinery and Equipment Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Peter Paul · brand it sells or installs
- Orbinox · brand it sells or installs
- Barksdale Valve · brand it sells or installs
- Basiks · brand it sells or installs
- Nelson Electric · brand it sells or installs
- Emerson · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BERTREM PRODUCTS INC. this business | $24.2M | — |
| C4 INCORPORATION Tulsa · 44 employees | $43.7M | 0.2 mi |
| Rocket Industrial Tulsa | $2.0M | 0.2 mi |
| ALL MAINTENANCE SUPPLY, INC. Tulsa · 14 employees | $11.6M | 0.3 mi |
| LADDERS OF TULSA LLC Tulsa · 1 employees | $910K | 1.5 mi |
| LUCAS CONTROLS COMPANY INCORPORATED Tulsa · 3 employees | $4.5M | 1.9 mi |
| HI-PRESS INC. Tulsa · 3 employees | $3.1M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $21.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.2M |
| Estimate: the two combined (geometric mean) | $24.2M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.7M |
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 | $7.1M |
| Multiple for this size and industry | 4.3× |
| Value range | $3.7M – $9.7M |
| Revenue range | $15.9M – $27.6M |
| EBITDA range | $1.1M – $1.9M |
| 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
- BankingMabrey 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $324K | 23 |
| 1/20/2021 | second | $324K | 24 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bertrem Products Inc.
Bertrem Products Inc. is an industrial machinery and equipment merchant wholesalers company in Tulsa, Oklahoma, in business since 1998. Its estimated annual revenue is about $24.2M, with roughly $1.7M of EBITDA. It has about 18 employees. Its estimated business value is $7.1M (likely range $3.7M–$9.7M).
Common questions
- Who owns Bertrem Products Inc.?
- The owner of Bertrem Products 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 Bertrem Products Inc. make?
- SeeBITDA estimates Bertrem Products Inc.'s annual revenue at about $24.2M (likely between $15.9M and $27.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bertrem Products Inc. worth?
- About $7.1M, roughly 4.3× its estimated EBITDA of $1.7M, typical for a industrial machinery and equipment merchant wholesalers company its size. Likely range: $3.7M–$9.7M.
- How many employees does Bertrem Products Inc. have?
- About 18, from its 2024 retirement-plan filing.
- When was Bertrem Products Inc. founded?
- Bertrem Products Inc. has been in business since 1998.