Cactus Tanks, L.L.C.
How we got $9.1M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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 | 16 | $5.8M |
| 2020 | Form 5500 | 8 | $2.9M |
| 2021 | Form 5500 | 8 | $2.9M |
| 2022 | Form 5500 | 9 | $3.2M |
| 2023 | Form 5500 | 12 | $4.3M |
| 2024 | Form 5500 | 12 | $4.3M |
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Cactus Tanks LLC sells new and used propane tanks, storage containers, piers and anhydrous nurse tanks, with national delivery and consultation services. It serves residential and commercial customers, transport, construction and farm businesses.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CACTUS TANKS, L.L.C. this business | $7.4M | — |
| LAYNES CONSULTING INC Chandler · 1 employees | $366K | 1.9 mi |
| REHERMAN UNLIMITED INC Chandler · 1 employees | $557K | 2.0 mi |
| SLYDER ENERGY SOLUTIONS, LLC Chandler · 25 employees | $9.1M | 2.2 mi |
| MORE GAS LLC Chandler · 1 employees | $557K | 2.4 mi |
| T3 LAND SERVICES, LLC Chandler · 1 employees | $557K | 5.7 mi |
| DALE L JAMES CONSULTING, INC. Chandler · 2 employees | $882K | 8.1 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.6M |
| Estimate: the two combined (geometric mean) | $7.4M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.1M |
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 | $9.1M |
| Multiple for this size and industry | 4.4× |
| Value range | $4.8M – $12.4M |
| Revenue range | $4.9M – $8.5M |
| EBITDA range | $1.4M – $2.4M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingVision 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
| Vision Bank PPP 2020 | All 487 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $232K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cactus Tanks, L.L.C.
Cactus Tanks, L.L.C. is a family-owned oil & gas company in Chandler, Oklahoma, in business since 2002. Its estimated annual revenue is about $7.4M, with roughly $2.1M of EBITDA. It has about 12 employees. Its estimated business value is $9.1M (likely range $4.8M–$12.4M).
Common questions
- Who owns Cactus Tanks, L.L.C.?
- The owner of Cactus Tanks, L.L.C. 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 Cactus Tanks, L.L.C. make?
- SeeBITDA estimates Cactus Tanks, L.L.C.'s annual revenue at about $7.4M (likely between $4.9M and $8.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cactus Tanks, L.L.C. worth?
- About $9.1M, roughly 4.4× its estimated EBITDA of $2.1M, typical for a oil & gas company its size. Likely range: $4.8M–$12.4M.
- How many employees does Cactus Tanks, L.L.C. have?
- About 12, from its 2024 retirement-plan filing.
- When was Cactus Tanks, L.L.C. founded?
- Cactus Tanks, L.L.C. has been in business since 2002.