Fabsco Shell and Tube, LLC
How we got $41.3M
Based on its 65 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
▲ 145% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 65 | $27.6M |
| 2020 | Form 5500 | 167 | $70.8M |
| 2021 | Form 5500 | 182 | $77.1M |
| 2022 | Form 5500 | 169 | $71.6M |
| 2023 | Form 5500 | 180 | $76.3M |
| 2024 | Form 5500 | 159 | $67.4M |
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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
Fabsco Shell and Tube, LLC and Fabsco Fin-Air, LLC design and manufacture shell and tube heat exchangers and air-cooled heat exchangers, and offer field services and parts for them.
From the company's website. Industry: Power Boiler and Heat Exchanger Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FABSCO SHELL AND TUBE, LLC this business | $57.0M | — |
| Fabwell Corporation Tulsa | $4.0M | 1.4 mi |
| TEK-FINS, INCORPORATED Tulsa · 80 employees | $52.0M | 1.7 mi |
| 3-D MANUFACTURING, INC Sapulpa · 11 employees | $5.3M | 3.6 mi |
| Heater Fabricators of Tulsa Tulsa | $1.3M | 4.9 mi |
| BORN, INC Tulsa · 24 employees | $20.8M | 5.0 mi |
| Cust-O-Fab Sand Springs | $3.0M | 7.2 mi |
The full calculation
| Employees reported to the SBA | 65 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $40.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $61.0M |
| Estimate: the two combined (geometric mean) | $57.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $6.1M |
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 | $41.3M |
| Multiple for this size and industry | 6.8× |
| Value range | $21.7M – $56.5M |
| Revenue range | $37.5M – $65.0M |
| EBITDA range | $4.0M – $6.9M |
| Industry (NAICS) | Power Boiler and Heat Exchanger Manufacturing (332410) |
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
- AccountingConklin, Gilpin & Wertz, P.L.L.CAudits its 401(k) plan (2024 filing)
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $1.2M | 65 |
| 3/1/2021 | second | $1.2M | 45 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Fabsco Shell and Tube, LLC
Fabsco Shell and Tube, LLC is a power boiler and heat exchanger manufacturing company in Sapulpa, Oklahoma, in business since 2001. Its estimated annual revenue is about $57.0M, with roughly $6.1M of EBITDA. It has about 159 employees. Its estimated business value is $41.3M (likely range $21.7M–$56.5M).
Common questions
- Who owns Fabsco Shell and Tube, LLC?
- The owner of Fabsco Shell and Tube, LLC 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 Fabsco Shell and Tube, LLC make?
- SeeBITDA estimates Fabsco Shell and Tube, LLC's annual revenue at about $57.0M (likely between $37.5M and $65.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Fabsco Shell and Tube, LLC worth?
- About $41.3M, roughly 6.8× its estimated EBITDA of $6.1M, typical for a power boiler and heat exchanger manufacturing company its size. Likely range: $21.7M–$56.5M.
- How many employees does Fabsco Shell and Tube, LLC have?
- About 159, from its 2024 retirement-plan filing.
- When was Fabsco Shell and Tube, LLC founded?
- Fabsco Shell and Tube, LLC has been in business since 2001.