Capitol Lift Truck Inc.
How we got $5.4M
Based on its 20 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 43 years (since 1983)
- Family in the business (Jacob Snyder, Northern Territory Manager and PM Coordinator)
From public records and the company's website, not a statement that it's for sale.
What they do
Capitol Lift Truck Inc. sells, rents and services forklifts and warehouse equipment, and offers forklift certification training. It serves customers in western and central Oklahoma and ships equipment across the continental United States.
From the company's website. Industry: Industrial Machinery and Equipment Merchant Wholesalers.
Customers & suppliers
Customers
- Federal Aviation Administration · federal contracts $228K
Suppliers & brands
- Mitsubishi · brand it sells or installs
- Interlake Mecalux · brand it sells or installs
- Fairborn · brand it sells or installs
- PoweRamp · brand it sells or installs
- Bluff Manufacturing · brand it sells or installs
Estimated value over time
▲ 2% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CAPITOL LIFT TRUCK INC. this business | $18.3M | — |
| RAM PRODUCTS CHEMICAL & HIGH PRESSURE WASHERS INC Oklahoma City · 13 employees | $13.3M | 0.2 mi |
| RAM PRODUCTS, CHEMICALS & HIGH PRESSURE WASHERS, INC. Oklahoma City · 13 employees | $13.3M | 0.2 mi |
| TRINITY BRICK SALES INC. Oklahoma City · 21 employees | $29.7M | 0.9 mi |
| MID AMERICA RIGGING LLC Oklahoma City · 16 employees | $13.3M | 1.3 mi |
| MAXWELL SUPPLY COMPANY Oklahoma City · 35 employees | $59.3M | 1.4 mi |
| RIGHT-A-WAY, INC. Oklahoma City · 4 employees | $4.7M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.6M |
| Estimate: the two combined (geometric mean) | $18.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.3M |
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 | $5.4M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.8M – $7.4M |
| Revenue range | $12.0M – $20.8M |
| EBITDA range | $824K – $1.4M |
| Industry (NAICS) | Industrial Machinery and Equipment Merchant Wholesalers (423830) |
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
“Since opening in 1983, we have remained focused on gaining and maintaining loyal customers that value quality service.”
Leadership
- RSRocky SchiffmanVP Sales · Company website · source
- TCTravis CoxService Manager · Company website · source
- RNRick NicholsParts Research Expert · Company website · source
- MWMatt WestbrookSouthern Territory Manager · Company website · source
- JSJacob SnyderNorthern Territory Manager and PM Coordinator · Company website · source
- BJBrian JohnsonParts and Service · Company website · source
Advisors
- BankingFirst Fidelity 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
| First Fidelity Bank PPP 2020 | All 940 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 | $223K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Capitol Lift Truck Inc.
Capitol Lift Truck Inc. is a family-owned industrial machinery and equipment merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1983. It is owned by Chip Snyder (President and CEO). Its estimated annual revenue is about $18.3M, with roughly $1.3M of EBITDA. It has about 20 employees. Its estimated business value is $5.4M (likely range $2.8M–$7.4M).
Common questions
- Who owns Capitol Lift Truck Inc.?
- Capitol Lift Truck Inc. is owned by Chip Snyder (President and CEO), according to public sources such as the company's website or filings.
- How much revenue does Capitol Lift Truck Inc. make?
- SeeBITDA estimates Capitol Lift Truck Inc.'s annual revenue at about $18.3M (likely between $12.0M and $20.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Capitol Lift Truck Inc. worth?
- About $5.4M, roughly 4.3× its estimated EBITDA of $1.3M, typical for a industrial machinery and equipment merchant wholesalers company its size. Likely range: $2.8M–$7.4M.
- How many employees does Capitol Lift Truck Inc. have?
- About 20, as reported on its PPP loan.
- When was Capitol Lift Truck Inc. founded?
- Capitol Lift Truck Inc. has been in business since 1983.