Devon Industries, Inc
How we got $6.9M
Based on its 27 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 38 years (since 1988)
From public records and the company's website, not a statement that it's for sale.
What they do
DEVON Industries manufactures and installs quick lube equipment for the oil change industry, and also supplies replacement parts. It has been providing custom quick lube fabrication since 1988.
From the company's website. Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- COLLISION WORKS OF OKLAHOMA, LLC · Oklahoma City, 11 mi · $170.0M
- EXPRESS CREDIT AUTO LLC · Oklahoma City, 3 mi · $25.6M
- CAR CRAFT AUTO BODY LLC · El Reno, 19 mi · $23.6M
- PRIVATE JETS INC · Bethany, 5 mi · $16.4M
- BOB MOORE COLLISION CENTERS, LLC · Oklahoma City, 11 mi · $15.3M
- ESKRIDGE AUTO GROUP, INC. · Oklahoma City, 12 mi · $314.7M
- HUDIBURG CHEVROLET, LLC · Midwest City, 13 mi · $278.4M
- FERGUSON PONTIAC-GMC, INC. · Norman, 18 mi · $266.8M
- FOWLER OF NORMAN INC · Norman, 17 mi · $242.9M
- BADGER VALLEY INVESTMENTS, LLC · Pauls Valley, 55 mi · $223.3M
Estimated value over time
▲ 26% 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 |
|---|---|---|
| DEVON INDUSTRIES, INC this business | $12.9M | — |
| LAWCO HARD METALS LLC Oklahoma City · 12 employees | $4.5M | 0.1 mi |
| TAYLOR VALVE TECHNOLOGY INC. Oklahoma City · 69 employees | $33.7M | 1.3 mi |
| URBAN IRONCRAFT PRODUCTS L.L.C. Oklahoma City · 11 employees | $3.8M | 1.8 mi |
| LDS BUILDING SPECIALTIES, LLC Oklahoma City · 9 employees | $3.4M | 1.9 mi |
| MERCER VALVE CO., INC. Oklahoma City · 319 employees | $231.9M | 2.3 mi |
| VALCO MANUFACTURING COMPANY INC Oklahoma City · 43 employees | $18.0M | 2.6 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.3M |
| Estimate: the two combined (geometric mean) | $12.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.5M |
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 | $6.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.6M – $9.5M |
| Revenue range | $8.5M – $14.7M |
| EBITDA range | $969K – $1.7M |
| Industry (NAICS) | All Other Miscellaneous Fabricated Metal Product Manufacturing (332999) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“DEVON Industries was established in 1988 to provide quality equipment solutions to the growing quick lube industry.”
Advisors
- BankingJPMorgan Chase 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
| JPMorgan Chase Bank, National Association PPP 2020 | All 993 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 | $335K | 27 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Devon Industries, Inc
Devon Industries, Inc is an all other miscellaneous fabricated metal product manufacturing company in Oklahoma City, Oklahoma, in business since 1988. Its estimated annual revenue is about $12.9M, with roughly $1.5M of EBITDA. It has about 27 employees. Its estimated business value is $6.9M (likely range $3.6M–$9.5M).
Common questions
- Who owns Devon Industries, Inc?
- The owner of Devon Industries, Inc 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 Devon Industries, Inc make?
- SeeBITDA estimates Devon Industries, Inc's annual revenue at about $12.9M (likely between $8.5M and $14.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Devon Industries, Inc worth?
- About $6.9M, roughly 4.7× its estimated EBITDA of $1.5M, typical for a all other miscellaneous fabricated metal product manufacturing company its size. Likely range: $3.6M–$9.5M.
- How many employees does Devon Industries, Inc have?
- About 27, as reported on its PPP loan.
- When was Devon Industries, Inc founded?
- Devon Industries, Inc has been in business since 1988.