Crimson Steel Supply LLC
How we got $44.1M
Based on its 89 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 16 years (since 2010)
- Acquired by White Cap (2024)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by White Cap · Apr 2024White Cap acquired Crimson Steel Supply, LLC, a rebar distributor and fabricator, from Argonaut Private Equity, announced April 8, 2024.Source
Estimated value over time
▲ 47% 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 | 89 | $49.5M |
| 2020 | Form 5500 | 94 | $52.2M |
| 2021 | Form 5500 | 103 | $57.2M |
| 2022 | Form 5500 | 93 | $51.7M |
| 2023 | Form 5500 | 92 | $51.1M |
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 |
|---|---|---|
| CRIMSON STEEL SUPPLY LLC this business | $69.5M | — |
| SB SYSTEMS INC Tulsa · 2 employees | $2.1M | 0.8 mi |
| METAL PANELS, INC Tulsa · 50 employees | $31.3M | 1.4 mi |
| CUSTOM METAL WORKS, LLC Tulsa · 8 employees | $4.5M | 1.6 mi |
| MIDWEST PRECISION INC Tulsa · 81 employees | $31.4M | 1.9 mi |
| TULSA PLATE WORKS INC. Tulsa · 1 employees | $355K | 2.3 mi |
| TULSA METAL FINISHING COMPANY Tulsa · 28 employees | $11.0M | 2.5 mi |
The full calculation
| Employees reported to the SBA | 89 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $61.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $60.9M |
| Estimate: the two combined (geometric mean) | $69.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $6.5M |
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 | $44.1M |
| Multiple for this size and industry | 6.8× |
| Value range | $23.2M – $60.3M |
| Revenue range | $45.7M – $79.2M |
| EBITDA range | $4.3M – $7.4M |
| Industry (NAICS) | Fabricated Structural Metal Manufacturing (332312) |
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
Leadership
- JYJace YeatsSigned for the company · 2023 retirement-plan filing (Form 5500)
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 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 | $921K | 89 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Crimson Steel Supply LLC
Crimson Steel Supply LLC is a fabricated structural metal manufacturing company in Tulsa, Oklahoma, in business since 2010. It is owned by Dustin Wright (CEO). Its estimated annual revenue is about $69.5M, with roughly $6.5M of EBITDA. It has about 92 employees. Its estimated business value is $44.1M (likely range $23.2M–$60.3M).
Common questions
- Who owns Crimson Steel Supply LLC?
- Crimson Steel Supply LLC is owned by Dustin Wright (CEO), according to public sources such as the company's website or filings.
- How much revenue does Crimson Steel Supply LLC make?
- SeeBITDA estimates Crimson Steel Supply LLC's annual revenue at about $69.5M (likely between $45.7M and $79.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Crimson Steel Supply LLC worth?
- About $44.1M, roughly 6.8× its estimated EBITDA of $6.5M, typical for a fabricated structural metal manufacturing company its size. Likely range: $23.2M–$60.3M.
- How many employees does Crimson Steel Supply LLC have?
- About 92, from its 2023 retirement-plan filing.
- When was Crimson Steel Supply LLC founded?
- Crimson Steel Supply LLC has been in business since 2010.