Carlson Company
How we got $12.9M
Based on its 37 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 68 years (since 1958)
- Founder still runs it after 68 years
From public records and the company's website, not a statement that it's for sale.
What they do
Carlson Company is a Tulsa, OK maker of custom machined flanges, serving refining and petrochemical, heavy industrial, food processing, utility and transportation industries. It says it has been crafting flanges since 1958.
From the company's website. Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing.
Estimated value over time
▲ 26% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 37 | $11.0M |
| 2020 | Form 5500 | 33 | $9.8M |
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 |
|---|---|---|
| CARLSON COMPANY this business | $20.9M | — |
| ALLEN TECHNOLOGIES LLC Tulsa · 17 employees | $6.8M | 0.2 mi |
| OCV CONTROL VALVES, LLC Tulsa | $22.8M | 0.7 mi |
| OCV FLUID SOLUTIONS, LLC Tulsa · 56 employees | $27.0M | 0.8 mi |
| PRECISION SINTERED PARTS, LLC Tulsa · 10 employees | $4.2M | 0.8 mi |
| DRILLING EQUIPMENT RESOURCES, INC. Tulsa · 7 employees | $2.1M | 1.0 mi |
| LASER GROUP, L.L.C. Tulsa · 50 employees | $21.7M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.8M |
| Estimate: the two combined (geometric mean) | $20.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.2M |
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 | $12.9M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.8M – $17.7M |
| Revenue range | $13.7M – $23.8M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | All Other Miscellaneous Fabricated Metal Product Manufacturing (332999) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Joel and JoAnn Carlson founded Carlson Company in Tulsa, Oklahoma, to provide machined flanges for equipment used in the refining and petrochemical industries.”
Advisors
- BankingCommerce 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
| Commerce Bank PPP 2020 | All 113 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $646K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Carlson Company
Carlson Company is an all other miscellaneous fabricated metal product manufacturing company in Tulsa, Oklahoma, in business since 1958. It is owned by Joel and JoAnn Carlson (Founder). Its estimated annual revenue is about $20.9M, with roughly $2.2M of EBITDA. It has about 33 employees. Its estimated business value is $12.9M (likely range $6.8M–$17.7M).
Common questions
- Who owns Carlson Company?
- Carlson Company is owned by Joel and JoAnn Carlson (Founder), according to public sources such as the company's website or filings.
- How much revenue does Carlson Company make?
- SeeBITDA estimates Carlson Company's annual revenue at about $20.9M (likely between $13.7M and $23.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carlson Company worth?
- About $12.9M, roughly 5.8× its estimated EBITDA of $2.2M, typical for a all other miscellaneous fabricated metal product manufacturing company its size. Likely range: $6.8M–$17.7M.
- How many employees does Carlson Company have?
- About 33, from its 2020 retirement-plan filing.
- When was Carlson Company founded?
- Carlson Company has been in business since 1958.
- Is Carlson Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 68 years (since 1958); founder still runs it after 68 years.