SeeBITDAOklahoma

Dmi International, Inc.

Water and Sewer Line and Related Structures Construction
  • 15615 E Pine Street, Tulsa, OK
  • Since 1992
  • Family-owned
  • NAICS 237110
Estimated valueMedium confidence
$27.1M
$14.3Mlikely range$37.1M
About 4.9× its yearly profit, typical for a company this size in its industry.
Revenue
$56.5M
a year
Profit (EBITDA)
$5.5M
10% of revenue
Employees
80
reported in 2020
Leadership
Owner not found yet
We haven't found the owner in public records
Some signs of a sale
  • Ted Mcdaniel
    Signs company filings · Form 5500 (2022)

How we got $27.1M

Based on its 80 employees and its payroll, both reported for PPP in 2020 and brought up to date.

80 employees × $501K each$40.1M
PPP payroll ÷ payroll's usual share of revenue$61.3M
Shown toward the top of its range×1.14
Revenue$56.5M
× 10% profit margin$5.5M
× 4.9 sale multiple = value$27.1M

· Own this business? Correct these figures

Estimated value over time

▲ 41% since 2020
$0$15.6M$31.2M2020202120222023202420252026

Today'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

▼ 34% since 2020
0501002020202120222023202420258053
401(k) / retirement-plan participantsEmployees reported for PPP
Show as table
YearSourceEmployeesEst. revenueEst. EBITDA
2020PPP loan80$28.3M$2.8M
2020Form 550059$20.9M$2.0M
2021Form 550051$18.0M$1.8M
2022Form 550049$17.3M$1.7M
2023Form 550051$18.0M$1.8M
2024Form 550045$15.9M$1.6M
2025Form 550053$18.7M$1.8M

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.

What we know

PPP loan, 2020
401(k) filing, 2025
No reported financials
Company website
Owner not found
Trucking registration (FMCSA)

Signs of a sale Some signs of a sale

  • In business 34 years (since 1992)

From public records and the company's website, not a statement that it's for sale.

What they do

DMI International manufactures pipeline bending machines, mandrels, clamps, cradles and pipeline accessories and provides pipeline equipment and service both domestically and internationally.

Products & services
Pipe bending machinesBending setsPneumatic wedge mandrelHydraulic wedge mandrelPneumatic clamp & clamp with copper shoesSelf-centering internal pneumatic lineup clampInternal pneumatic double joint clampDual head iron roller cradleSingle head iron roller cradleVacuum liftersLifting padsExternal lineup clamp
Markets served
Pipeline industry
Service area
USALatin AmericaMiddle EastCanadaOklahomaPennsylvaniaTexas

From the company's website. Industry: Water and Sewer Line and Related Structures Construction.

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
DMI INTERNATIONAL, INC.
this business
$56.5M$5.5M—
CIRCLE B MEASUREMENT & FABRICATION, LLC
Tulsa · 116 employees
$57.6M$5.6M1.0 mi
INDUSTRIAL PIPING SPECIALISTS INC.
Tulsa · 421 employees
$199.5M$17.1M1.2 mi
FORREST GROUP LTD
Tulsa · 110 employees
$78.0M$6.7M1.8 mi
BR HEAVY CONSTRUCTION, LLC
Tulsa
$25.2M$2.5M2.2 mi
MID AMERICA PIPELINE CONSTRUCTION, INC
Tulsa · 219 employees
$112.2M$9.6M2.5 mi
TULSA CIVIL CONTRACTORS, LLC
Tulsa · 9 employees
$6.5M$783K2.6 mi

The full calculation

Employees reported to the SBA80
Revenue from headcount (employees × revenue per employee for companies this size)$40.1M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$61.3M
Estimate: the two combined (geometric mean)$56.5M
EBITDA margin (industry, adjusted for size)10%
EBITDA = revenue × margin$5.5M

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$27.1M
Multiple for this size and industry4.9×
Value range$14.3M – $37.1M
Revenue range$37.2M – $64.4M
EBITDA range$3.6M – $6.3M
Industry (NAICS)Water and Sewer Line and Related Structures Construction (237110)

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

Founded 1992 by Robert and Helen BuchananFamily-owned

Advisors

  • BankingEquity 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

Equity Bank
PPP 2020, PPP 2021
All 375 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/5/2020first$1.3M$1.4M80Equity Bank
1/20/2021second$1.1M$1.1M56Equity Bank

Public records

DOT motor carrier
USDOT 1584829
Trucks (power units)7
Drivers12
Miles (2023)118,000
Registered with DOT2006

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Dmi International, Inc.

Dmi International, Inc. is a family-owned water and sewer line and related structures construction company in Tulsa, Oklahoma, in business since 1992. Its estimated annual revenue is about $56.5M, with roughly $5.5M of EBITDA. It has about 53 employees. Its estimated business value is $27.1M (likely range $14.3M–$37.1M).

Common questions

Who owns Dmi International, Inc.?
The owner of Dmi International, 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 Dmi International, Inc. make?
SeeBITDA estimates Dmi International, Inc.'s annual revenue at about $56.5M (likely between $37.2M and $64.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Dmi International, Inc. worth?
About $27.1M, roughly 4.9× its estimated EBITDA of $5.5M, typical for a water and sewer line and related structures construction company its size. Likely range: $14.3M–$37.1M.
How many employees does Dmi International, Inc. have?
About 53, from its 2025 retirement-plan filing.
When was Dmi International, Inc. founded?
Dmi International, Inc. has been in business since 1992.