Energy Exchanger Company
How we got $49.7M
Based on its 73 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 15% 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
▼ 7% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 73 | $30.9M |
| 2020 | Form 5500 | 53 | $22.5M |
| 2021 | Form 5500 | 66 | $28.0M |
| 2022 | Form 5500 | 70 | $29.7M |
| 2023 | Form 5500 | 61 | $25.9M |
| 2024 | Form 5500 | 68 | $28.8M |
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
Signs of a sale Some signs of a sale
- In business 52 years (since 1974)
From public records and the company's website, not a statement that it's for sale.
What they do
Energy Exchanger Company manufactures shell and tube heat exchangers and has done so since 1974, offering engineering support, replacement parts and full exchangers.
From the company's website. Industry: Power Boiler and Heat Exchanger Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ENERGY EXCHANGER COMPANY this business | $68.5M | — |
| HEAT TRANSFER EQUIPMENT COMPANY Tulsa · 133 employees | $103.1M | 1.1 mi |
| AMERIPUMP MFG LLC Tulsa · 5 employees | $2.0M | 1.9 mi |
| ADVANCED PRECISION FABRICATORS INC. Tulsa · 16 employees | $7.0M | 2.3 mi |
| AMERICAN TANK & CONSTRUCTION COMPANY Tulsa · 8 employees | $4.1M | 3.5 mi |
| HUGHES ANDERSON HEAT EXCHANGERS, INC. Tulsa · 134 employees | $89.8M | 3.6 mi |
| CLAW MANUFACTURING Catoosa · 22 employees | $16.5M | 5.4 mi |
Ranges & sources
| Revenue range | $45.1M – $78.1M |
| EBITDA range | $4.8M – $8.3M |
| Industry (NAICS) | Power Boiler and Heat Exchanger Manufacturing (332410) |
| Value range | $26.1M – $67.9M |
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
“Owned and operated by the same family since our founding in 1974, we have been a leader in our industry for over 50 years.”
Advisors
- BankingProsperity 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
| Prosperity Bank PPP 2020, PPP 2021 | All 748 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 | $1.5M | 73 |
| 1/30/2021 | second | $1.5M | 54 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Energy Exchanger Company
Energy Exchanger Company is a family-owned power boiler and heat exchanger manufacturing company in Tulsa, Oklahoma, in business since 1974. Its estimated annual revenue is about $68.5M, with roughly $7.3M of EBITDA. It has about 68 employees. Its estimated business value is $49.7M (likely range $26.1M–$67.9M).
Common questions
- Who owns Energy Exchanger Company?
- The owner of Energy Exchanger Company 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 Energy Exchanger Company make?
- SeeBITDA estimates Energy Exchanger Company's annual revenue at about $68.5M (likely between $45.1M and $78.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Energy Exchanger Company worth?
- About $49.7M, roughly 6.8× its estimated EBITDA of $7.3M, typical for a power boiler and heat exchanger manufacturing company its size. Likely range: $26.1M–$67.9M.
- How many employees does Energy Exchanger Company have?
- About 68, from its 2024 retirement-plan filing.
- When was Energy Exchanger Company founded?
- Energy Exchanger Company has been in business since 1974.