Devco Process Heaters, LLC
- Mark SpringerSigns company filings · Form 5500 (2020)
How we got $1.7M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 90% 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
▼ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $1.5M |
| 2020 | Form 5500 | 6 | $1.3M |
| 2021 | Form 5500 | 6 | $1.3M |
| 2022 | Form 5500 | 7 | $1.5M |
| 2023 | Form 5500 | 5 | $1.1M |
| 2024 | Form 5500 | 5 | $1.1M |
| 2025 | Form 5500 | 5 | $1.1M |
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 |
|---|---|---|
| DEVCO PROCESS HEATERS, LLC this business | $2.9M | — |
| ENVIRO-TEC AMERICA INC Tulsa · 8 employees | $2.1M | 0.2 mi |
| Extreme Networks Tulsa | $2.0M | 0.2 mi |
| CRAIG & KEITHLINE, INC Tulsa · 19 employees | $6.0M | 0.3 mi |
| Advanced Online Solutions, Inc. Tulsa | $2.0M | 0.6 mi |
| RIVER OAKS LANDSCAPING INC Tulsa · 2 employees | $543K | 0.7 mi |
| EQUUS ENVIRONMENTAL, LLC Tulsa · 12 employees | $4.7M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.4M |
| Estimate: the two combined (geometric mean) | $2.9M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $479K |
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 | $1.7M |
| Multiple for this size and industry | 3.5× |
| Value range | $883K – $2.3M |
| Revenue range | $1.9M – $3.3M |
| EBITDA range | $315K – $546K |
| Industry (NAICS) | Engineering Services (541330) |
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
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 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 | $139K | 7 |
| 1/25/2021 | second | $131K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Devco Process Heaters, LLC
Devco Process Heaters, LLC is an engineering & architecture company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.9M, with roughly $479K of EBITDA. It has about 5 employees. Its estimated business value is $1.7M (likely range $883K–$2.3M).
Common questions
- Who owns Devco Process Heaters, LLC?
- The owner of Devco Process Heaters, 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 Devco Process Heaters, LLC make?
- SeeBITDA estimates Devco Process Heaters, LLC's annual revenue at about $2.9M (likely between $1.9M and $3.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Devco Process Heaters, LLC worth?
- About $1.7M, roughly 3.5× its estimated EBITDA of $479K, typical for a engineering & architecture company its size. Likely range: $883K–$2.3M.
- How many employees does Devco Process Heaters, LLC have?
- About 5, from its 2025 retirement-plan filing.