Blue Star Acid Service, Inc
How we got $6.4M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 27% 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 | 4 | $2.7M |
| 2020 | Form 5500 | 3 | $2.0M |
| 2021 | Form 5500 | 5 | $3.4M |
| 2022 | Form 5500 | 5 | $3.4M |
| 2023 | Form 5500 | 5 | $3.4M |
| 2024 | Form 5500 | 5 | $3.4M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BLUE STAR ACID SERVICE, INC this business | $5.1M | — |
| HULS DRILLING CONSULTANT LLC Depew · 1 employees | $693K | 0.8 mi |
| LUKE OIL COMPANY Bristow · 1 employees | $4.6M | 5.9 mi |
| K.D. PULLIAM OIL & GAS, INC. Bristow · 1 employees | $557K | 6.9 mi |
| SUPERIOR TOOL SERVICES INC. Bristow · 2 employees | $5.4M | 7.0 mi |
| FIRSTHAND INC. Stroud · 2 employees | $925K | 7.1 mi |
| SPARKS RESOURCES INC Bristow · 1 employees | $3.3M | 7.3 mi |
Ranges & sources
| Revenue range | $3.4M – $5.8M |
| EBITDA range | $934K – $1.6M |
| Industry (NAICS) | Coal Mining (212111) |
| Value range | $3.4M – $8.7M |
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
- BankingSpiritBankPPP / 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 Roles are as stated there and may be out of date.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
| SpiritBank PPP 2020, PPP 2021 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $54K | 4 |
| 1/17/2021 | second | $96K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Blue Star Acid Service, Inc
Blue Star Acid Service, Inc is a coal mining company in Depew, Oklahoma, in business since 1998. It is owned by JASON COMBS. Its estimated annual revenue is about $5.1M, with roughly $1.4M of EBITDA. It has about 5 employees. Its estimated business value is $6.4M (likely range $3.4M–$8.7M).
Common questions
- Who owns Blue Star Acid Service, Inc?
- Blue Star Acid Service, Inc is owned by JASON COMBS, according to public sources such as the company's website or filings.
- How much revenue does Blue Star Acid Service, Inc make?
- SeeBITDA estimates Blue Star Acid Service, Inc's annual revenue at about $5.1M (likely between $3.4M and $5.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Blue Star Acid Service, Inc worth?
- About $6.4M, roughly 4.5× its estimated EBITDA of $1.4M, typical for a coal mining company its size. Likely range: $3.4M–$8.7M.
- How many employees does Blue Star Acid Service, Inc have?
- About 5, from its 2024 retirement-plan filing.
- When was Blue Star Acid Service, Inc founded?
- Blue Star Acid Service, Inc has been in business since 1998.