C&c Pipeline Services Inc.
How we got $4.2M
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 27% since 2020 (retirement plan filings)
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
▼ 61% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 28 | $6.9M |
| 2020 | Form 5500 | 15 | $3.7M |
| 2021 | Form 5500 | 12 | $3.0M |
| 2022 | Form 5500 | 13 | $3.2M |
| 2023 | Form 5500 | 11 | $2.7M |
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 |
|---|---|---|
| C&C PIPELINE SERVICES INC. this business | $11.6M | — |
| O&M POWERLINE CONSTRUCTION CO. Lahoma · 7 employees | $1.7M | 3.3 mi |
| B&L WATER WELL LLC Enid · 3 employees | $1.3M | 3.8 mi |
| SHIELD ENERGY SERVICES, LLC Enid · 12 employees | $5.3M | 3.8 mi |
| MCNEILL WELL SERVICE LLC Enid · 2 employees | $1.1M | 4.4 mi |
| LANG WELL DRILLING, INC Enid · 5 employees | $2.1M | 5.3 mi |
| Lamunyon Drilling Enid | $5.8M | 5.7 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.5M |
| Estimate: the two combined (geometric mean) | $11.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.2M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.2M – $5.7M |
| Revenue range | $7.7M – $13.3M |
| EBITDA range | $806K – $1.4M |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
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
- BankingStride Bank, National Association, The Security National Bank of EnidPPP / 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
| Stride Bank, National Association PPP 2020 | All 504 borrowers → |
| The Security National Bank of Enid PPP 2021 | All 204 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 | $396K | 28 |
| 1/16/2021 | second | $396K | 28 |
About C&c Pipeline Services Inc.
C&c Pipeline Services Inc. is an oil and gas pipeline and related structures construction company in Enid, Oklahoma. Its estimated annual revenue is about $11.6M, with roughly $1.2M of EBITDA. It has about 11 employees. Its estimated business value is $4.2M (likely range $2.2M–$5.7M).
Common questions
- Who owns C&c Pipeline Services Inc.?
- The owner of C&c Pipeline Services 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 C&c Pipeline Services Inc. make?
- SeeBITDA estimates C&c Pipeline Services Inc.'s annual revenue at about $11.6M (likely between $7.7M and $13.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is C&c Pipeline Services Inc. worth?
- About $4.2M, roughly 3.4× its estimated EBITDA of $1.2M, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $2.2M–$5.7M.
- How many employees does C&c Pipeline Services Inc. have?
- About 11, from its 2023 retirement-plan filing.