Fps Technologies Inc.
How we got $4.1M
Based on its 37 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 15 years (since 2011)
- Headcount down 27% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 44% 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
▼ 14% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 37 | $7.6M |
| 2020 | Form 5500 | 35 | $7.2M |
| 2021 | Form 5500 | 42 | $8.6M |
| 2022 | Form 5500 | 41 | $8.4M |
| 2023 | Form 5500 | 44 | $9.0M |
| 2024 | Form 5500 | 32 | $6.5M |
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 |
|---|---|---|
| FPS TECHNOLOGIES INC. this business | $12.3M | — |
| SUMMIT MECHANICAL LLC Oklahoma City · 4 employees | $1.6M | 0.1 mi |
| Spark Electrical Solutions, Llc Oklahoma City | $1.8M | 0.1 mi |
| Air Dynamix Oklahoma City | $1.8M | 0.1 mi |
| Ondemand Restaurant Service Llc Oklahoma City | $1.8M | 0.2 mi |
| EXECUTIVE HEATING AND AIR, LLC Oklahoma City · 9 employees | $2.6M | 0.2 mi |
| D3S Service Oklahoma City | $1.8M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 37 |
| 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) | $10.6M |
| Estimate: the two combined (geometric mean) | $12.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.7M |
| Revenue range | $8.1M – $14.1M |
| EBITDA range | $757K – $1.3M |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
Leadership
- EPEmily PettigrewSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- BankingFirst Security Bank and Trust CompanyPPP / 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 Security Bank and Trust Company PPP 2021 | All 150 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/29/2021 | first | $356K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Fps Technologies Inc.
Fps Technologies Inc. is a plumbing, heating & air company in Oklahoma City, Oklahoma, in business since 2011. Its estimated annual revenue is about $12.3M, with roughly $1.2M of EBITDA. It has about 32 employees. Its estimated business value is $4.1M (likely range $2.2M–$5.7M).
Common questions
- Who owns Fps Technologies Inc.?
- The owner of Fps Technologies 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 Fps Technologies Inc. make?
- SeeBITDA estimates Fps Technologies Inc.'s annual revenue at about $12.3M (likely between $8.1M and $14.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Fps Technologies Inc. worth?
- About $4.1M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a plumbing, heating & air company its size. Likely range: $2.2M–$5.7M.
- How many employees does Fps Technologies Inc. have?
- About 32, from its 2024 retirement-plan filing.
- When was Fps Technologies Inc. founded?
- Fps Technologies Inc. has been in business since 2011.