City Carbonic LLC
How we got $6.1M
Based on 7 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 54% 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 Some signs of a sale
- In business 117 years (since 1909)
From public records and the company's website, not a statement that it's for sale.
What they do
City Carbonic is a gas supplier in Oklahoma City that provides compressed gas cylinder requalification and industrial gas supply, and has supplied carbon dioxide since 1909.
From the company's website. Industry: Industrial Gas Manufacturing.
Customers & suppliers
Suppliers & brands
- Meritus Gas Partners · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CITY CARBONIC LLC this business | $12.8M | — |
| Reliant Dry Ice Oklahoma City | $9.6M | 2.1 mi |
| MOON CHEMICAL PRODUCTS CO Oklahoma City · 27 employees | $38.7M | 4.3 mi |
| WEWERS, LLC Oklahoma City · 21 employees | $17.3M | 7.1 mi |
| SPL CONTROL L.L.C. Elmore City · 6 employees | $2.9M | 57.1 mi |
| DDB UNLIMITED INC Wynnewood · 49 employees | $55.7M | 61.9 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Industry revenue per employee | $1.1M |
| Revenue = employees × revenue per employee | $12.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.4M |
| Cross-check: revenue implied by PPP payroll | $2.4M |
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 | $6.1M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.9M – $8.7M |
| Revenue range | $7.6M – $15.2M |
| EBITDA range | $803K – $1.6M |
| Industry (NAICS) | Industrial Gas Manufacturing (325120) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
History & advisors
Advisors
- BankingChickasaw Community 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
| Chickasaw Community Bank PPP 2020 | All 317 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $28K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About City Carbonic LLC
City Carbonic LLC is an industrial gas manufacturing company in Oklahoma City, Oklahoma, in business since 1909. Its estimated annual revenue is about $12.8M, with roughly $1.4M of EBITDA. It has about 7 employees. Its estimated business value is $6.1M (likely range $2.9M–$8.7M).
Common questions
- Who owns City Carbonic LLC?
- The owner of City Carbonic LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does City Carbonic LLC make?
- SeeBITDA estimates City Carbonic LLC's annual revenue at about $12.8M (likely between $7.6M and $15.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is City Carbonic LLC worth?
- About $6.1M, roughly 4.5× its estimated EBITDA of $1.4M, typical for a industrial gas manufacturing company its size. Likely range: $2.9M–$8.7M.
- How many employees does City Carbonic LLC have?
- About 7, as reported on its PPP loan.
- When was City Carbonic LLC founded?
- City Carbonic LLC has been in business since 1909.