Flex-Chem Services Corporation
How we got $41.3M
Based on its 79 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 9% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FLEX-CHEM SERVICES CORPORATION this business | $35.0M | — |
| FLEX-CHEM CORPORTATION Weatherford · 4 employees | $1.5M | 0.0 mi |
| Tier 1 Completions Solutions. Weatherford Ok Weatherford | $1.5M | 0.2 mi |
| A & H, INC. Weatherford · 9 employees | $4.1M | 0.2 mi |
| ECO-LIFT ENERGY SERVICES INCORPORATED Weatherford · 3 employees | $2.1M | 0.2 mi |
| BRUCE BURDICK WELDING AND ROUSTABOUT SERVICE, LLC Weatherford · 23 employees | $14.0M | 0.2 mi |
| M WRIGHT SERVICES, LLC Weatherford · 214 employees | $119.7M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 79 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $35.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $26.8M |
| Estimate: the two combined (geometric mean) | $35.0M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $7.9M |
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 | $41.3M |
| Multiple for this size and industry | 5.2× |
| Value range | $21.7M – $56.5M |
| Revenue range | $23.0M – $39.9M |
| EBITDA range | $5.2M – $9.1M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingFirst Bank and Trust of Memphis, Bank of HydroPPP / 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
| Bank of Hydro PPP 2021 | All 155 borrowers → |
| First Bank and Trust of Memphis PPP 2020 | All 78 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 | $758K | 28 |
| 3/23/2021 | second | $410K | 79 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Flex-Chem Services Corporation
Flex-Chem Services Corporation is an oil & gas company in Weatherford, Oklahoma, in business since 2007. Its estimated annual revenue is about $35.0M, with roughly $7.9M of EBITDA. It has about 79 employees. Its estimated business value is $41.3M (likely range $21.7M–$56.5M).
Common questions
- Who owns Flex-Chem Services Corporation?
- The owner of Flex-Chem Services Corporation 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 Flex-Chem Services Corporation make?
- SeeBITDA estimates Flex-Chem Services Corporation's annual revenue at about $35.0M (likely between $23.0M and $39.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Flex-Chem Services Corporation worth?
- About $41.3M, roughly 5.2× its estimated EBITDA of $7.9M, typical for a oil & gas company its size. Likely range: $21.7M–$56.5M.
- How many employees does Flex-Chem Services Corporation have?
- About 79, as reported on its PPP loan.
- When was Flex-Chem Services Corporation founded?
- Flex-Chem Services Corporation has been in business since 2007.