Blt Tanks, L.L.C.
How we got $14.6M
Based on its 61 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 32 years (since 1994)
From public records and the company's website, not a statement that it's for sale.
What they do
BLT Tanks LLC is a family-owned business near Kingfisher, Oklahoma that sells rebuilt, used and new propane tanks and storage tanks, and buys used tanks. It serves commercial customers, Oklahoma, surrounding states, nationwide locations and some international buyers.
From the company's website. Industry: General Freight Trucking, Long-Distance, Truckload.
Customers & suppliers
Suppliers & brands
- H-I-S Paint · brand it sells or installs
- Armebe · brand it sells or installs
Estimated value over time
▲ 38% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BLT TANKS, L.L.C. this business | $28.6M | — |
| RANGER RON CONSTRUCTION LLC Kingfisher | $5.3M | 5.6 mi |
| BOOTS SERVICES LLC Kingfisher | $1.9M | 5.6 mi |
| OGLE READY MIX INC Kingfisher | $2.9M | 5.7 mi |
| OK HYDROTESTING LLC Kingfisher | $932K | 5.7 mi |
| MIKE MATTHEWS TRUCKING LLC Kingfisher | $932K | 5.7 mi |
| 46 AG TRANSPORTS LLC Kingfisher | $5.4M | 5.8 mi |
The full calculation
| Employees reported to the SBA | 61 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $28.5M |
| Estimate: the two combined (geometric mean) | $28.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $3.1M |
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 | $14.6M |
| Multiple for this size and industry | 4.7× |
| Value range | $7.7M – $19.9M |
| Revenue range | $18.8M – $32.6M |
| EBITDA range | $2.0M – $3.5M |
| Industry (NAICS) | General Freight Trucking, Long-Distance, Truckload (484121) |
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
“BLT Tanks has served Oklahoma, surrounding states and nationwide locations since 1994, and in 2004, we took our business international with our first shipment of tanks to Africa.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $871K | 61 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Blt Tanks, L.L.C.
Blt Tanks, L.L.C. is a family-owned general freight trucking, long-distance, truckload company in Kingfisher, Oklahoma, in business since 1994. It is owned by Brad Ragains. Its estimated annual revenue is about $28.6M, with roughly $3.1M of EBITDA. It has about 61 employees. Its estimated business value is $14.6M (likely range $7.7M–$19.9M).
Common questions
- Who owns Blt Tanks, L.L.C.?
- Blt Tanks, L.L.C. is owned by Brad Ragains, according to public sources such as the company's website or filings.
- How much revenue does Blt Tanks, L.L.C. make?
- SeeBITDA estimates Blt Tanks, L.L.C.'s annual revenue at about $28.6M (likely between $18.8M and $32.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Blt Tanks, L.L.C. worth?
- About $14.6M, roughly 4.7× its estimated EBITDA of $3.1M, typical for a general freight trucking, long-distance, truckload company its size. Likely range: $7.7M–$19.9M.
- How many employees does Blt Tanks, L.L.C. have?
- About 61, as reported on its PPP loan.
- When was Blt Tanks, L.L.C. founded?
- Blt Tanks, L.L.C. has been in business since 1994.