Cherokee Measurement & Control, LLC
How we got $12.3M
Based on its 36 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
- In business 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
What they do
Cherokee Measurement & Control is a manufacturer representative and integrator of hydrocarbon, renewable natural gas, and industrial measurement and control solutions, offering instrumentation, integrated analyzer shelters, and technical field services.
From the company's website. Industry: Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables.
Customers & suppliers
Suppliers & brands
- Daniel Measurement & Control · brand it sells or installs
- Rosemount Analytical · brand it sells or installs
- A+ Corporation · brand it sells or installs
- Mustang Sampling · brand it sells or installs
- Canada Pipeline Accessories · brand it sells or installs
- Bruest Catalytic Heaters · brand it sells or installs
- Trace Technology · brand it sells or installs
- VRG Controls · brand it sells or installs
- Brodie International · brand it sells or installs
- Phase Dynamics · brand it sells or installs
- Chemtec Energy Services · brand it sells or installs
- Scully Signal Company · brand it sells or installs
- Islip Flow Controls · brand it sells or installs
- JM Canty · brand it sells or installs
- Zevac · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- BROTHER & COMPANY · Tulsa, 5 mi · $27.3M
- NICHOLS GROUP PR-ADMINISTRATION, LLC · Tulsa, 7 mi · $18.6M
- HICORP, INC · Tulsa, 1 mi · $16.0M
- DISTRIBUTECH LLC · Tulsa, 3 mi · $15.7M
- LITTLEFIELD, INC · Tulsa, 8 mi · $11.7M
Estimated value over time
▲ 19% 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
▼ 3% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 36 | $14.2M |
| 2020 | Form 5500 | 24 | $9.5M |
| 2021 | Form 5500 | 26 | $10.3M |
| 2022 | Form 5500 | 32 | $12.6M |
| 2023 | Form 5500 | 39 | $15.4M |
| 2024 | Form 5500 | 35 | $13.8M |
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 |
|---|---|---|
| CHEROKEE MEASUREMENT & CONTROL, LLC this business | $22.6M | — |
| AC SYSTEMS INTEGRATION, INC. Tulsa · 24 employees | $13.8M | 1.1 mi |
| EASTECH FLOW CONTROLS, INC Tulsa · 10 employees | $4.4M | 1.5 mi |
| BONAVISTA TECHNOLOGIES, INC. Tulsa · 12 employees | $6.8M | 1.8 mi |
| HEARING SOLUTION CENTERS INC Tulsa · 7 employees | $4.0M | 3.3 mi |
| 2056 COMPANY INC Tulsa · 6 employees | $1.8M | 3.6 mi |
| INDUSTRIAL VEHICLES INTERNATIONAL, INC. Tulsa · 7 employees | $2.9M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 36 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $25.6M |
| Estimate: the two combined (geometric mean) | $22.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| 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 | $12.3M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.4M – $16.8M |
| Revenue range | $14.9M – $25.8M |
| EBITDA range | $1.4M – $2.4M |
| Industry (NAICS) | Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513) |
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
- BankingCommerce Bank, Bank7PPP / 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
| Bank7 7(a) 2024 | All 10 borrowers → |
| Commerce Bank PPP 2020, PPP 2021 | All 113 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $710K | 36 |
| 3/1/2021 | second | $709K | 26 |
Public records
| Feb 2024 | 7(a) | $100K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cherokee Measurement & Control, LLC
Cherokee Measurement & Control, LLC is an instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables company in Tulsa, Oklahoma, in business since 2003. It is owned by Joe Ragsdale (President). Its estimated annual revenue is about $22.6M, with roughly $2.1M of EBITDA. It has about 35 employees. Its estimated business value is $12.3M (likely range $6.4M–$16.8M).
Common questions
- Who owns Cherokee Measurement & Control, LLC?
- Cherokee Measurement & Control, LLC is owned by Joe Ragsdale (President), according to public sources such as the company's website or filings.
- How much revenue does Cherokee Measurement & Control, LLC make?
- SeeBITDA estimates Cherokee Measurement & Control, LLC's annual revenue at about $22.6M (likely between $14.9M and $25.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cherokee Measurement & Control, LLC worth?
- About $12.3M, roughly 5.8× its estimated EBITDA of $2.1M, typical for a instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables company its size. Likely range: $6.4M–$16.8M.
- How many employees does Cherokee Measurement & Control, LLC have?
- About 35, from its 2024 retirement-plan filing.
- When was Cherokee Measurement & Control, LLC founded?
- Cherokee Measurement & Control, LLC has been in business since 2003.