Broce Manufacturing, Inc
How we got $52.7M
Based on its 117 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 36 years (since 1990)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 4% 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
▼ 3% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 117 | $46.7M |
| 2020 | Form 5500 | 81 | $32.3M |
| 2021 | Form 5500 | 83 | $33.1M |
| 2022 | Form 5500 | 100 | $39.9M |
| 2023 | Form 5500 | 105 | $41.9M |
| 2024 | Form 5500 | 119 | $47.5M |
| 2025 | Form 5500 | 114 | $45.5M |
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 |
|---|---|---|
| BROCE MANUFACTURING, INC this business | $74.4M | — |
| MID CONTINENT WELL LOGGING SERVICE INC. Norman · 46 employees | $34.8M | 1.8 mi |
| MARPLE PETROLEUM, LLC Norman · 2 employees | $1.1M | 2.9 mi |
| OILFIELD AUTOMATION LLC Norman · 3 employees | $1.9M | 3.3 mi |
| TRYTON TOOLS US INC Norman · 18 employees | $14.9M | 3.9 mi |
| IRONWOLF MANUFACTURING LLC Noble · 8 employees | $4.5M | 8.0 mi |
| GRIFFITH PETROLEUM SERVICES, INC Newcastle · 1 employees | $955K | 8.7 mi |
The full calculation
| Employees reported to the SBA | 117 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $65.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $65.1M |
| Estimate: the two combined (geometric mean) | $74.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $7.8M |
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 | $52.7M |
| Multiple for this size and industry | 6.8× |
| Value range | $27.8M – $72.2M |
| Revenue range | $49.0M – $84.9M |
| EBITDA range | $5.1M – $8.8M |
| Industry (NAICS) | Construction Machinery Manufacturing (333120) |
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
- BankingArmstrong 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
| Armstrong Bank PPP 2020 | All 1,355 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 | $1.4M | 117 |
2 locations
| 1818 W LINDSEY ST | Norman | This listing |
| 201 W Oklahoma Ave | Fairview | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Broce Manufacturing, Inc
Broce Manufacturing, Inc is a construction machinery manufacturing company in Norman, Oklahoma, in business since 1990. Its estimated annual revenue is about $74.4M, with roughly $7.8M of EBITDA. It has about 114 employees. Its estimated business value is $52.7M (likely range $27.8M–$72.2M). It has 2 locations.
Common questions
- Who owns Broce Manufacturing, Inc?
- The owner of Broce Manufacturing, 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 Broce Manufacturing, Inc make?
- SeeBITDA estimates Broce Manufacturing, Inc's annual revenue at about $74.4M (likely between $49.0M and $84.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Broce Manufacturing, Inc worth?
- About $52.7M, roughly 6.8× its estimated EBITDA of $7.8M, typical for a construction machinery manufacturing company its size. Likely range: $27.8M–$72.2M.
- How many employees does Broce Manufacturing, Inc have?
- About 114, from its 2025 retirement-plan filing.
- When was Broce Manufacturing, Inc founded?
- Broce Manufacturing, Inc has been in business since 1990.