Commercial Lubricators Inc.
- Ryan HodgesVice President & Sales Manager · Company website
- Chad HodgesVice President & Service Manager · Company website
- Donato CortezPlant Foreman · Company website
How we got $15.6M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 23% 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 105 years (since 1921)
- Family in the business (Ryan Hodges, Vice President & Sales Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Commercial Lubricators is a family-owned and operated business offering automotive and industrial lubricants, fuel and oil delivery, and tank-related services. It serves walk-in and fleet accounts of all sizes.
From the company's website. Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals).
Customers & suppliers
Customers
- Kia · named on its website
Suppliers & brands
- Total · brand it sells or installs
- Fina USA · brand it sells or installs
- elf · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PAYCOM PAYROLL, LLC · Oklahoma City, 12 mi · $937.4M
- FINLEY AND COOK PLLC · Shawnee, 36 mi · $45.0M
- ALLON TRANSPORTATION SERVICES LL · Okla. City, 3 mi · $39.6M
- PHAN BROTHERS LLC · Oklahoma City, 3 mi · $39.2M
- POLSTON TAX RESOLUTION AND ACCOUNTING, LLC · Norman, 18 mi · $21.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| COMMERCIAL LUBRICATORS INC. this business | $71.4M | — |
| PENLEY TRANSPORTATION COMPANY Oklahoma City · 14 employees | $177.2M | 1.3 mi |
| PENLEY OIL COMPANY Oklahoma City · 19 employees | $263.7M | 1.3 mi |
| SEIBOLD ENERGY CO., INC. Oklahoma City · 2 employees | $41.3M | 1.4 mi |
| ENERGY FINANCIAL AND PHYSICAL, LP Oklahoma City · 11 employees | $167.2M | 3.7 mi |
| RED ROCK DISTRIBUTING COMPANY Oklahoma City · 12 employees | $201.7M | 4.8 mi |
| RED ROCK TRANSPORTATION CO Oklahoma City · 1 employees | $20.6M | 4.8 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $87.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $45.0M |
| Estimate: the two combined (geometric mean) | $71.4M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $3.0M |
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 | $15.6M |
| Multiple for this size and industry | 5.2× |
| Value range | $8.2M – $21.3M |
| Revenue range | $47.0M – $81.4M |
| EBITDA range | $2.0M – $3.4M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
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
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $52K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Commercial Lubricators Inc.
Commercial Lubricators Inc. is a family-owned petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Oklahoma City, Oklahoma, in business since 1921. It is owned by Lonnie Hodges. Its estimated annual revenue is about $71.4M, with roughly $3.0M of EBITDA. It has about 5 employees. Its estimated business value is $15.6M (likely range $8.2M–$21.3M).
Common questions
- Who owns Commercial Lubricators Inc.?
- Commercial Lubricators Inc. is owned by Lonnie Hodges, according to public sources such as the company's website or filings.
- How much revenue does Commercial Lubricators Inc. make?
- SeeBITDA estimates Commercial Lubricators Inc.'s annual revenue at about $71.4M (likely between $47.0M and $81.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Commercial Lubricators Inc. worth?
- About $15.6M, roughly 5.2× its estimated EBITDA of $3.0M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $8.2M–$21.3M.
- How many employees does Commercial Lubricators Inc. have?
- About 5, as reported on its PPP loan.
- When was Commercial Lubricators Inc. founded?
- Commercial Lubricators Inc. has been in business since 1921.