Cheyenne Technical Services Inc
- Ryan RectorVice President · Company website
How we got $4.1M
Based on its 9 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.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
- Family in the business (Ryan Rector, Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
Cheyenne Technical Services, Inc. is a mechanical integrity and industrial inspection firm based in Tonkawa, Oklahoma, serving oil refineries, gas plants, chemical facilities, and offshore platforms.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CHEYENNE TECHNICAL SERVICES INC this business | $3.7M | — |
| Koda Operating, Llc Tonkawa | $1.5M | 0.4 mi |
| O-K BIT SERVICE INC. Tonkawa · 18 employees | $8.5M | 0.4 mi |
| T&L WELL SERVICE LLC Ponca City · 18 employees | $9.7M | 0.8 mi |
| T & L WELL SERVICES, LLC Tonkawa · 18 employees | $9.7M | 0.8 mi |
| ALEXANDER PRODUCTION & ENERGY SERVICES LLC Tonkawa · 1 employees | $711K | 1.0 mi |
| PULLER'S OIL COMPANY, LLC Blackwell · 2 employees | $1.2M | 7.5 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.1M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.6M |
| Revenue range | $2.5M – $4.3M |
| EBITDA range | $749K – $1.3M |
| 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
“Cheyenne Technical Services, Inc. was founded in 2009, headquartered at 100 Buccaneer Drive in Tonkawa, Oklahoma.”
Advisors
- BankingFirst National Bank of OklahomaPPP / 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 National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 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 | $85K | 6 |
| 2/3/2021 | second | $86K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cheyenne Technical Services Inc
Cheyenne Technical Services Inc is an oil & gas company in Tonkawa, Oklahoma, in business since 2009. It is owned by David L. Rector (President). Its estimated annual revenue is about $3.7M, with roughly $1.1M of EBITDA. It has about 9 employees. Its estimated business value is $4.1M (likely range $2.2M–$5.6M).
Common questions
- Who owns Cheyenne Technical Services Inc?
- Cheyenne Technical Services Inc is owned by David L. Rector (President), according to public sources such as the company's website or filings.
- How much revenue does Cheyenne Technical Services Inc make?
- SeeBITDA estimates Cheyenne Technical Services Inc's annual revenue at about $3.7M (likely between $2.5M and $4.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cheyenne Technical Services Inc worth?
- About $4.1M, roughly 3.6× its estimated EBITDA of $1.1M, typical for a oil & gas company its size. Likely range: $2.2M–$5.6M.
- How many employees does Cheyenne Technical Services Inc have?
- About 9, as reported on its PPP loan.
- When was Cheyenne Technical Services Inc founded?
- Cheyenne Technical Services Inc has been in business since 2009.