E-Z Drill, Inc.
How we got $18.6M
Based on its 65 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 29 years (since 1997)
- Founder still runs it after 29 years
From public records and the company's website, not a statement that it's for sale.
What they do
E-Z Drill, Inc. makes automatic concrete drill systems and dowel drilling machines, with a 44,000 square foot facility in Perry, Oklahoma, and over 100 dealers across multiple countries.
From the company's website. Industry: Construction Machinery Manufacturing.
Estimated value over time
▲ 4% 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
▼ 20% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 65 | $26.0M |
| 2020 | Form 5500 | 47 | $18.8M |
| 2021 | Form 5500 | 49 | $19.6M |
| 2022 | Form 5500 | 51 | $20.4M |
| 2023 | Form 5500 | 53 | $21.2M |
| 2024 | Form 5500 | 50 | $20.0M |
| 2025 | Form 5500 | 52 | $20.8M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| E-Z DRILL, INC. this business | $30.7M | — |
| PLATINUM ARCH MANUFACTURING AND CONSTRUCTION LLC Stillwater · 40 employees | $13.1M | 21.9 mi |
| TPS ROCK BIT INC Tonkawa · 1 employees | $753K | 26.9 mi |
| K & S ALUMINUM BOOMS INC Tonkawa · 8 employees | $4.3M | 27.4 mi |
| BLISS INDUSTRIES, LLC Ponca City · 63 employees | $41.3M | 31.2 mi |
| MERTZ MANUFACTURING, INC. Ponca City · 189 employees | $110.2M | 31.9 mi |
| WAKO LLC Enid · 44 employees | $22.5M | 34.6 mi |
The full calculation
| Employees reported to the SBA | 65 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $31.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $22.9M |
| Estimate: the two combined (geometric mean) | $30.7M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $3.2M |
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 | $18.6M |
| Multiple for this size and industry | 5.8× |
| Value range | $9.8M – $25.4M |
| Revenue range | $20.2M – $35.0M |
| EBITDA range | $2.1M – $3.6M |
| Industry (NAICS) | Construction Machinery Manufacturing (333120) |
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
- RWRichard WalstadSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- BankingExchange Bank and Trust CompanyPPP / 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
| Exchange Bank and Trust Company PPP 2020 | All 217 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $616K | 65 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About E-Z Drill, Inc.
E-Z Drill, Inc. is a construction machinery manufacturing company in Perry, Oklahoma, in business since 1997. It is owned by Leon Hake (Founder). Its estimated annual revenue is about $30.7M, with roughly $3.2M of EBITDA. It has about 52 employees. Its estimated business value is $18.6M (likely range $9.8M–$25.4M).
Common questions
- Who owns E-Z Drill, Inc.?
- E-Z Drill, Inc. is owned by Leon Hake (Founder), according to public sources such as the company's website or filings.
- How much revenue does E-Z Drill, Inc. make?
- SeeBITDA estimates E-Z Drill, Inc.'s annual revenue at about $30.7M (likely between $20.2M and $35.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is E-Z Drill, Inc. worth?
- About $18.6M, roughly 5.8× its estimated EBITDA of $3.2M, typical for a construction machinery manufacturing company its size. Likely range: $9.8M–$25.4M.
- How many employees does E-Z Drill, Inc. have?
- About 52, from its 2025 retirement-plan filing.
- When was E-Z Drill, Inc. founded?
- E-Z Drill, Inc. has been in business since 1997.
- Is E-Z Drill, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 29 years (since 1997); founder still runs it after 29 years.