Ebsco Spring Co Inc
How we got $13.0M
Based on its 41 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 86 years (since 1940)
- Founder still runs it after 86 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
EBSCO Spring Co. is a custom spring manufacturer in Tulsa, OK, producing custom compression, extension, torsion, conical and drawbar springs for a range of industries, with over 100 years of experience in spring manufacturing.
From the company's website. Industry: Spring Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DRUMMOND CATTLE LLC · Tulsa, 6 mi · $129.5M
- BERRY & BERRY ACQUISITION · Tahlequah, 52 mi · $93.2M
- J-M FARMS, INC · Miami, 81 mi · $82.0M
- J-M FARMS HOLDING, LLC · Miami, 78 mi · $76.3M
- J-M FOODS, LLC · Miami, 81 mi · $37.0M
Estimated value over time
▼ 13% 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
▼ 24% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 41 | $18.3M |
| 2021 | Form 5500 | 35 | $15.6M |
| 2022 | Form 5500 | 37 | $16.5M |
| 2023 | Form 5500 | 31 | $13.8M |
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 |
|---|---|---|
| EBSCO SPRING CO INC this business | $19.6M | — |
| OKLAHOMA POST TENSION INC Tulsa · 13 employees | $5.2M | 0.9 mi |
| CIMARRON MACHINE SERVICES, INC. Tulsa · 27 employees | $13.1M | 3.9 mi |
| INDUSTRIAL SPLICING & SLING Tulsa · 25 employees | $10.7M | 6.4 mi |
| GARDNER SPRING, INC. 401(K) PLAN Tulsa | $6.0M | 7.8 mi |
| PRECISION TRANSDUCER SERVICES INC Owasso · 4 employees | $2.1M | 13.0 mi |
| HENDRICKS PERFORMANCE CONSULTING LLC Owasso · 1 employees | $348K | 14.0 mi |
The full calculation
| Employees reported to the SBA | 41 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.7M |
| Estimate: the two combined (geometric mean) | $19.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.2M |
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 | $13.0M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.9M – $17.8M |
| Revenue range | $12.9M – $22.4M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | Spring Manufacturing (332613) |
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
“What started as a small family-operated business has now transformed into one of the leading spring manufacturers providing quality springs to diversified markets worldwide.”
Leadership
- CDCheryl DooleyPresident · Company website · source
- TPTodd PfeiferVice President · Company website · source
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 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 | $412K | 41 |
| 2/27/2021 | second | $367K | 41 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ebsco Spring Co Inc
Ebsco Spring Co Inc is a spring manufacturing company in Tulsa, Oklahoma, in business since 1940. It is owned by Ed Babb (Founder). Its estimated annual revenue is about $19.6M, with roughly $2.2M of EBITDA. It has about 31 employees. Its estimated business value is $13.0M (likely range $6.9M–$17.8M).
Common questions
- Who owns Ebsco Spring Co Inc?
- Ebsco Spring Co Inc is owned by Ed Babb (Founder), according to public sources such as the company's website or filings.
- How much revenue does Ebsco Spring Co Inc make?
- SeeBITDA estimates Ebsco Spring Co Inc's annual revenue at about $19.6M (likely between $12.9M and $22.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ebsco Spring Co Inc worth?
- About $13.0M, roughly 5.8× its estimated EBITDA of $2.2M, typical for a spring manufacturing company its size. Likely range: $6.9M–$17.8M.
- How many employees does Ebsco Spring Co Inc have?
- About 31, from its 2023 retirement-plan filing.
- When was Ebsco Spring Co Inc founded?
- Ebsco Spring Co Inc has been in business since 1940.
- Is Ebsco Spring Co Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 86 years (since 1940); founder still runs it after 86 years; no family successor named on its website.