Big Elk Energy Systems, LLC
How we got $47.8M
Based on its 80 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Big Elk Energy Systems is a turnkey manufacturer of custom fabrication for the natural gas and pipeline infrastructure industry, serving oil and gas companies across the U.S. and internationally.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 4 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 3 mi · $467.6M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 3 mi · $326.6M
- BKG INDUSTRIES, LLC · Stigler, 74 mi · $318.2M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 4 mi · $315.1M
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
▼ 39% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 80 | $44.6M |
| 2020 | Form 5500 | 53 | $29.6M |
| 2021 | Form 5500 | 49 | $27.3M |
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 |
|---|---|---|
| BIG ELK ENERGY SYSTEMS, LLC this business | $67.5M | — |
| MIDWESTERN MANUFACTURING COMPANY Tulsa · 34 employees | $26.9M | 2.2 mi |
| BRONCO MANUFACTURING, LLC Tulsa · 42 employees | $33.1M | 2.9 mi |
| PRO PIPING & FABRICATION LLC Tulsa · 18 employees | $11.8M | 2.9 mi |
| ATS GROUP LLC Tulsa · 102 employees | $101.9M | 3.1 mi |
| D&L MANUFACTURING, INC. Tulsa · 225 employees | $204.6M | 3.6 mi |
| W . L. WALKER CO, INC Tulsa · 33 employees | $23.2M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 80 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $56.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $61.9M |
| Estimate: the two combined (geometric mean) | $67.5M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $7.0M |
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 | $47.8M |
| Multiple for this size and industry | 6.8× |
| Value range | $25.2M – $65.4M |
| Revenue range | $44.4M – $77.0M |
| EBITDA range | $4.6M – $8.0M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
People & advisors
Advisors
- BankingVast 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
| Vast Bank, National Association PPP 2020, PPP 2021 | All 359 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 | $1.3M | 80 |
| 1/21/2021 | second | $1.3M | 49 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Big Elk Energy Systems, LLC
Big Elk Energy Systems, LLC is an oil and gas field machinery and equipment manufacturing company in Tulsa, Oklahoma, in business since 1998. It is owned by Geoff Hager. Its estimated annual revenue is about $67.5M, with roughly $7.0M of EBITDA. It has about 49 employees. Its estimated business value is $47.8M (likely range $25.2M–$65.4M).
Common questions
- Who owns Big Elk Energy Systems, LLC?
- Big Elk Energy Systems, LLC is owned by Geoff Hager, according to public sources such as the company's website or filings.
- How much revenue does Big Elk Energy Systems, LLC make?
- SeeBITDA estimates Big Elk Energy Systems, LLC's annual revenue at about $67.5M (likely between $44.4M and $77.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Big Elk Energy Systems, LLC worth?
- About $47.8M, roughly 6.8× its estimated EBITDA of $7.0M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $25.2M–$65.4M.
- How many employees does Big Elk Energy Systems, LLC have?
- About 49, from its 2021 retirement-plan filing.
- When was Big Elk Energy Systems, LLC founded?
- Big Elk Energy Systems, LLC has been in business since 1998.