Environmental Testing Inc
- Keith HopcusTechnical Director · Company website
- Wayne HegstromAssistant Laboratory Manager · Company website
- James VanderseeBUMa (quality assurance and quality control role) · Company website
How we got $3.9M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 36% 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.
What we know
Signs of a sale Some signs of a sale
- In business 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
Eurofins Environment Testing OKC is a laboratory providing organic and inorganic analyses of water, soil and waste, along with field sampling and data reporting for environmental consulting and engineering, governmental and industrial clients. Oilab tests petroleum products for natural gas and petroleum energy producers.
From the company's website. Industry: Engineering & architecture.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 4 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 7 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 8 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 2 mi · $711.9M
- MUSTANG FUEL CORPORATION · Oklahoma City, 4 mi · $708.4M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ENVIRONMENTAL TESTING INC this business | $5.5M | — |
| ENGINEERED EQUIPMENT, INC. Oklahoma City · 45 employees | $19.7M | 0.0 mi |
| ETI OILAB LLC Oklahoma City · 3 employees | $961K | 0.0 mi |
| Cannabest Labs Oklahoma City | $2.0M | 0.0 mi |
| GARDEN DESIGN ASSOCIATES, INC. Oklahoma City · 11 employees | $2.6M | 0.4 mi |
| Terracon Consultants, Inc. Oklahoma City | $4.9M | 0.4 mi |
| FITZGERALD ASSOCIATES ARCHITECTS, INC. Oklahoma City · 9 employees | $3.1M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.1M |
| Estimate: the two combined (geometric mean) | $5.5M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $898K |
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 | $3.9M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.0M – $5.3M |
| Revenue range | $3.6M – $6.3M |
| EBITDA range | $591K – $1.0M |
| Industry (NAICS) | Testing Laboratories and Services (541380) |
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
Advisors
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020, PPP 2021 | All 258 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 | $243K | 22 |
| 1/16/2021 | second | $243K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Environmental Testing Inc
Environmental Testing Inc is an engineering & architecture company in Oklahoma City, Oklahoma, in business since 2001. Its estimated annual revenue is about $5.5M, with roughly $898K of EBITDA. It has about 22 employees. Its estimated business value is $3.9M (likely range $2.0M–$5.3M).
Common questions
- Who owns Environmental Testing Inc?
- The owner of Environmental Testing 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 Environmental Testing Inc make?
- SeeBITDA estimates Environmental Testing Inc's annual revenue at about $5.5M (likely between $3.6M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Environmental Testing Inc worth?
- About $3.9M, roughly 4.3× its estimated EBITDA of $898K, typical for a engineering & architecture company its size. Likely range: $2.0M–$5.3M.
- How many employees does Environmental Testing Inc have?
- About 22, as reported on its PPP loan.
- When was Environmental Testing Inc founded?
- Environmental Testing Inc has been in business since 2001.