Canfield & Joseph, Inc.
How we got $21.1M
Based on its 57 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 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
What they do
Canfield & Joseph, Inc. is a supplier of foundry and sandblasting (surface prep) supplies and equipment, in business since 1967, that says it draws equipment and supplies from the best manufacturers in the world for the cast metals industry.
From the company's website. Industry: Industrial Supplies Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Norton Abrasives · brand it sells or installs
- DeMarco Vacuum Systems · brand it sells or installs
- Simpson Green Sand Equipment · brand it sells or installs
- Fox Grinding & Cutting · brand it sells or installs
- Electro-Nite · brand it sells or installs
- Smith & Richardson · brand it sells or installs
- HA International · brand it sells or installs
- DuPont · brand it sells or installs
- Ervin · brand it sells or installs
- Allied Mineral Products · brand it sells or installs
- Thermal Ceramics · brand it sells or installs
- Larpen · brand it sells or installs
- Washington Mills · brand it sells or installs
- Bullard · brand it sells or installs
- Clemco · brand it sells or installs
Estimated value over time
▲ 20% 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
▼ 7% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 57 | $44.1M |
| 2020 | Form 5500 | 51 | $39.4M |
| 2021 | Form 5500 | 52 | $40.2M |
| 2022 | Form 5500 | 50 | $38.6M |
| 2023 | Form 5500 | 58 | $44.8M |
| 2024 | Form 5500 | 58 | $44.8M |
| 2025 | Form 5500 | 53 | $41.0M |
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 |
|---|---|---|
| CANFIELD & JOSEPH, INC. this business | $59.3M | — |
| H*E ENGINEERED EQUIPMENT CO INC. Tulsa · 2 employees | $3.1M | 0.1 mi |
| PLATINUM VENTURES, INC Tulsa · 25 employees | $19.9M | 0.4 mi |
| PROGRESSIVE MACHINE TOOLS Tulsa · 14 employees | $14.1M | 0.4 mi |
| LUCAS CONTROLS COMPANY INCORPORATED Tulsa · 3 employees | $4.5M | 1.1 mi |
| HARRINGTON ENTERPRISES, INC. Tulsa · 3 employees | $3.3M | 1.1 mi |
| HOLLY MATERIAL HANDLING EQUIPMENT INC Tulsa · 22 employees | $26.6M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 57 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $47.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $57.0M |
| Estimate: the two combined (geometric mean) | $59.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $4.1M |
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 | $21.1M |
| Multiple for this size and industry | 5.2× |
| Value range | $11.1M – $28.9M |
| Revenue range | $39.0M – $67.6M |
| EBITDA range | $2.7M – $4.6M |
| Industry (NAICS) | Industrial Supplies Merchant Wholesalers (423840) |
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
Leadership
- MTMelissa ThompsonSigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- BankingBank of LaborPPP / 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
| Bank of Labor PPP 2020, PPP 2021 | All 3 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $804K | 55 |
| 1/21/2021 | second | $886K | 57 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Canfield & Joseph, Inc.
Canfield & Joseph, Inc. is an industrial supplies merchant wholesalers company in Tulsa, Oklahoma, in business since 2000. It is owned by Kerry Joseph (President). Its estimated annual revenue is about $59.3M, with roughly $4.1M of EBITDA. It has about 53 employees. Its estimated business value is $21.1M (likely range $11.1M–$28.9M).
Common questions
- Who owns Canfield & Joseph, Inc.?
- Canfield & Joseph, Inc. is owned by Kerry Joseph (President), according to public sources such as the company's website or filings.
- How much revenue does Canfield & Joseph, Inc. make?
- SeeBITDA estimates Canfield & Joseph, Inc.'s annual revenue at about $59.3M (likely between $39.0M and $67.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Canfield & Joseph, Inc. worth?
- About $21.1M, roughly 5.2× its estimated EBITDA of $4.1M, typical for a industrial supplies merchant wholesalers company its size. Likely range: $11.1M–$28.9M.
- How many employees does Canfield & Joseph, Inc. have?
- About 53, from its 2025 retirement-plan filing.
- When was Canfield & Joseph, Inc. founded?
- Canfield & Joseph, Inc. has been in business since 2000.