Devine Water, LLC
How we got $562K
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 23 years (since 2003)
- Founder still runs it after 23 years
From public records and the company's website, not a statement that it's for sale.
What they do
deVine Water, an Oklahoma company, bottles natural artesian water drawn from a sandstone groundwater reservoir near Jet, OK. It sells bottled water and offers custom-labeled bottles for organizations and events.
From the company's website. Industry: Water Supply and Irrigation Systems.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- THE OKLAHOMA BIBLE ACADEMY · Enid, 30 mi · $10.2M
- LEAD TRAINING, LLC · Stillwater, 76 mi · $4.0M
- OKLAHOMA BIBLE ACADEMY · Enid, 30 mi · $3.5M
- EMMANUEL CHRISTIAN SCHOOL OF ENID, OKLA, INC. · Enid, 32 mi · $3.1M
- TEL FOUNDATION · Stillwater, 77 mi · $1.7M
Estimated value over time
▲ 24% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DEVINE WATER, LLC this business | $1.7M | — |
| BULES WATER WELL SERVICE LLC Lahoma · 1 employees | $299K | 26.5 mi |
| WATER WIZARDS INC Enid · 6 employees | $1.7M | 27.3 mi |
| WOODS COUNTY RURAL WATER DISTRICT NUMBER 3 Alva · 3 employees | $983K | 27.5 mi |
| M&S SERVICES LLC Cleo Springs · 2 employees | $493K | 33.4 mi |
| GARFIELD COUNTY RURAL WATER DISTRICT #6 Garber · 3 employees | $1.0M | 41.1 mi |
| GARFIELD COUNTY RURAL WATER DISTRICT NO. 6 Garber · 3 employees | $1.0M | 41.1 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.7M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $225K |
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 | $562K |
| Multiple for this size and industry | 2.5× |
| Value range | $296K – $769K |
| Revenue range | $1.1M – $2.0M |
| EBITDA range | $148K – $256K |
| Industry (NAICS) | Water Supply and Irrigation Systems (221310) |
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
“He established deVine water in 2003, and the entire family has been part of deVine from the beginning.”
Advisors
- BankingSpiritBankPPP / 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
| SpiritBank 7(a) 2020, PPP 2020 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $37K | 7 |
Public records
| Mar 2020 | 7(a) | $1.2M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Devine Water, LLC
Devine Water, LLC is a family-owned water supply and irrigation systems company in Jet, Oklahoma, in business since 2003. It is owned by Max McDermott (Founder). Its estimated annual revenue is about $1.7M, with roughly $225K of EBITDA. It has about 7 employees. Its estimated business value is $562K (likely range $296K–$769K).
Common questions
- Who owns Devine Water, LLC?
- Devine Water, LLC is owned by Max McDermott (Founder), according to public sources such as the company's website or filings.
- How much revenue does Devine Water, LLC make?
- SeeBITDA estimates Devine Water, LLC's annual revenue at about $1.7M (likely between $1.1M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Devine Water, LLC worth?
- About $562K, roughly 2.5× its estimated EBITDA of $225K, typical for a water supply and irrigation systems company its size. Likely range: $296K–$769K.
- How many employees does Devine Water, LLC have?
- About 7, as reported on its PPP loan.
- When was Devine Water, LLC founded?
- Devine Water, LLC has been in business since 2003.