Cole Equipment, Inc
How we got $1.9M
Based on 8 employees reported for PPP in 2020, grown 8% a year since.
Estimated value over time
▲ 103% 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 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| COLE EQUIPMENT, INC this business | $7.2M | — |
| James Supplies and Rental Co Ada | $2.4M | 0.8 mi |
| Ada Paper Co Ada | $1.5M | 0.8 mi |
| HISLE BROTHERS INC Ada · 16 employees | $14.3M | 1.8 mi |
| JASON HUNT Stratford · 1 employees | $896K | 16.9 mi |
| LEGACY INVESTMENT GROUP LLC Byars · 2 employees | $1.8M | 23.1 mi |
| FLOW VALVE, LLC Sulphur · 186 employees | $166.7M | 24.1 mi |
Ranges & sources
| Revenue range | $5.4M – $9.3M |
| EBITDA range | $396K – $686K |
| Industry (NAICS) | Industrial Machinery and Equipment Merchant Wholesalers (423830) |
| Value range | $1.1M – $3.0M |
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
Advisors
- BankingCitizens Bank of Ada, Newtek Bank, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| Citizens Bank of Ada PPP 2020, PPP 2021 | All 171 borrowers → |
| Newtek Bank, National Association 7(a) 2025 | All 30 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 | $73K | 8 |
| 1/16/2021 | second | $73K | 8 |
Public records
| May 2025 | 7(a) | $1.4M |
| Mar 2025 | 7(a) | $700K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cole Equipment, Inc
Cole Equipment, Inc is an industrial machinery and equipment merchant wholesalers company in Ada, Oklahoma, in business since 2011. It is owned by Larry Cole. Its estimated annual revenue is about $7.2M, with roughly $528K of EBITDA. It has about 8 employees. Its estimated business value is $1.9M (likely range $1.1M–$3.0M).
Common questions
- Who owns Cole Equipment, Inc?
- Cole Equipment, Inc is owned by Larry Cole, according to public sources such as the company's website or filings.
- How much revenue does Cole Equipment, Inc make?
- SeeBITDA estimates Cole Equipment, Inc's annual revenue at about $7.2M (likely between $5.4M and $9.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cole Equipment, Inc worth?
- About $1.9M, roughly 3.6× its estimated EBITDA of $528K, typical for a industrial machinery and equipment merchant wholesalers company its size. Likely range: $1.1M–$3.0M.
- How many employees does Cole Equipment, Inc have?
- About 8, as reported on its PPP loan.
- When was Cole Equipment, Inc founded?
- Cole Equipment, Inc has been in business since 2011.