Fiber Pad Inc.
How we got $27.1M
Based on its 90 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Fiber Pad is a plastic thermoforming manufacturer that offers integrated manufacturing services, including in-house tooling, CNC routing and assemblies, for aerospace, industrial, and marine OEM customers.
From the company's website. Industry: All Other Plastics Product Manufacturing.
Customers & suppliers
Customers
- NORDAM · named on its website
- IGS Fixtures · named on its website
- CDC LaRue · named on its website
- Neutral Posture · named on its website
- Pack-Lite Systems, Inc · named on its website
- Prevost Parts · named on its website
- Helicomb International · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SKY OF JENKS, LLC · Tulsa, 13 mi · $15.7M
- 10GYM-B LLC · Broken Arrow, 8 mi · $8.6M
- COLAW FITNESS LLC · Bartlesville, 40 mi · $5.2M
- Genesis Health Clubs · Tulsa, 14 mi · $4.0M
- RACQUET AND HEALTH 91,LLC · Tulsa, 14 mi · $3.4M
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
▼ 44% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 90 | $27.4M |
| 2020 | Form 5500 | 57 | $17.3M |
| 2021 | Form 5500 | 53 | $16.1M |
| 2022 | Form 5500 | 39 | $11.9M |
| 2023 | Form 5500 | 43 | $13.1M |
| 2024 | Form 5500 | 50 | $15.2M |
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 |
|---|---|---|
| FIBER PAD INC. this business | $41.1M | — |
| PLASTIC FABRICATORS, INC Tulsa · 4 employees | $2.8M | 5.4 mi |
| SOUTHERN PLASTICS, L.L.C. Owasso · 13 employees | $3.0M | 6.7 mi |
| MARCO INDUSTRIES, INC. Tulsa · 122 employees | $53.6M | 7.2 mi |
| W J L S, INC. Tulsa · 22 employees | $13.7M | 8.0 mi |
| WJLS INC. Tulsa · 23 employees | $9.2M | 8.0 mi |
| PLASTIC SUPPLY AND FABRICATION COMPANY Tulsa · 4 employees | $1.9M | 8.1 mi |
The full calculation
| Employees reported to the SBA | 90 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $31.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $41.1M |
| Estimate: the two combined (geometric mean) | $41.1M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $4.9M |
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 | $27.1M |
| Multiple for this size and industry | 5.5× |
| Value range | $14.3M – $37.1M |
| Revenue range | $27.1M – $46.9M |
| EBITDA range | $3.2M – $5.6M |
| Industry (NAICS) | All Other Plastics Product Manufacturing (326199) |
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
“Fiber Pad leverages nearly 50 years of experience offering a comprehensive list of integrated manufacturing services to make your thermoforming projects move forward faster towards completion, and delivery, with the highest standards of quality and execution every step of the way.”
Advisors
- 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 |
|---|---|---|---|
| 4/5/2020 | first | $939K | 90 |
| 2/24/2021 | second | $852K | 46 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Fiber Pad Inc.
Fiber Pad Inc. is an all other plastics product manufacturing company in Tulsa, Oklahoma, in business since 1998. It is owned by Grace Law (President and majority stockholder). Its estimated annual revenue is about $41.1M, with roughly $4.9M of EBITDA. It has about 50 employees. Its estimated business value is $27.1M (likely range $14.3M–$37.1M).
Common questions
- Who owns Fiber Pad Inc.?
- Fiber Pad Inc. is owned by Grace Law (President and majority stockholder), according to public sources such as the company's website or filings.
- How much revenue does Fiber Pad Inc. make?
- SeeBITDA estimates Fiber Pad Inc.'s annual revenue at about $41.1M (likely between $27.1M and $46.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Fiber Pad Inc. worth?
- About $27.1M, roughly 5.5× its estimated EBITDA of $4.9M, typical for a all other plastics product manufacturing company its size. Likely range: $14.3M–$37.1M.
- How many employees does Fiber Pad Inc. have?
- About 50, from its 2024 retirement-plan filing.
- When was Fiber Pad Inc. founded?
- Fiber Pad Inc. has been in business since 1998.