Fesco, Inc.
How we got $3.1M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▼ 10% 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
▼ 53% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 17 | $7.7M |
| 2020 | Form 5500 | 14 | $6.3M |
| 2021 | Form 5500 | 13 | $5.9M |
| 2022 | Form 5500 | 10 | $4.5M |
| 2023 | Form 5500 | 9 | $4.1M |
| 2024 | Form 5500 | 8 | $3.6M |
| 2025 | Form 5500 | 8 | $3.6M |
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 |
|---|---|---|
| FESCO, INC. this business | $11.6M | — |
| IT-RE INC Oklahoma City · 15 employees | $38.8M | 0.1 mi |
| ASSET REDISTRIBUTION SERVICES, INC. Oklahoma City · 14 employees | $8.5M | 0.3 mi |
| RICHWAY, LLC Oklahoma City · 22 employees | $15.2M | 0.3 mi |
| BISTROTECH, INC. Oklahoma City · 6 employees | $3.7M | 0.8 mi |
| R.B. AKINS COMPANY Oklahoma City | $25.1M | 1.4 mi |
| O2 CONCEPTS, LLC Oklahoma City · 50 employees | $49.3M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.3M |
| Estimate: the two combined (geometric mean) | $11.6M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $850K |
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 | $3.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.6M – $4.2M |
| Revenue range | $7.6M – $13.2M |
| EBITDA range | $559K – $970K |
| Industry (NAICS) | Other Commercial Equipment Merchant Wholesalers (423440) |
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
Advisors
- BankingFirst National Bank of OklahomaPPP / 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
| First National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $157K | 17 |
| 1/25/2021 | second | $157K | 13 |
About Fesco, Inc.
Fesco, Inc. is an other commercial equipment merchant wholesalers company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $11.6M, with roughly $850K of EBITDA. It has about 8 employees. Its estimated business value is $3.1M (likely range $1.6M–$4.2M).
Common questions
- Who owns Fesco, Inc.?
- The owner of Fesco, 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 Fesco, Inc. make?
- SeeBITDA estimates Fesco, Inc.'s annual revenue at about $11.6M (likely between $7.6M and $13.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Fesco, Inc. worth?
- About $3.1M, roughly 3.6× its estimated EBITDA of $850K, typical for a other commercial equipment merchant wholesalers company its size. Likely range: $1.6M–$4.2M.
- How many employees does Fesco, Inc. have?
- About 8, from its 2025 retirement-plan filing.