Freepoint Pipe and Supply Inc.
How we got $29.9M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 29% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $19.9M |
| 2020 | Form 5500 | 6 | $19.9M |
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 37 years (since 1989)
From public records and the company's website, not a statement that it's for sale.
What they do
Freepoint Pipe & Supply, Inc. is an Edmond, Oklahoma business in operation since 1989 that sets cement plugs for oil and gas wells, recycles oilfield equipment and pipe, and provides location building and remediation services for operators.
From the company's website. Industry: Crude Petroleum Extraction.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FREEPOINT PIPE AND SUPPLY INC. this business | $23.9M | — |
| SINGER OIL CO, LLC Edmond · 7 employees | $26.2M | 0.6 mi |
| QUANTENT ENERGY MANAGEMENT LLC Edmond | $31.9M | 1.1 mi |
| HAMPDEN HOLLOW LLC Edmond · 1 employees | $4.6M | 2.0 mi |
| RUSSELL OIL INC. Edmond · 4 employees | $12.9M | 2.4 mi |
| BLIZZARD LLC Edmond · 1 employees | $2.9M | 2.4 mi |
| ABC ENERGY COMPANY, LLC Edmond · 1 employees | $4.6M | 2.9 mi |
Ranges & sources
| Revenue range | $15.7M – $27.2M |
| EBITDA range | $3.6M – $6.2M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
| Value range | $15.7M – $40.9M |
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
- BankingProsperity BankPPP / 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
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/16/2020 | first | $98K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Freepoint Pipe and Supply Inc.
Freepoint Pipe and Supply Inc. is a crude petroleum extraction company in Edmond, Oklahoma, in business since 1989. Its estimated annual revenue is about $23.9M, with roughly $5.4M of EBITDA. It has about 6 employees. Its estimated business value is $29.9M (likely range $15.7M–$40.9M).
Common questions
- Who owns Freepoint Pipe and Supply Inc.?
- The owner of Freepoint Pipe and Supply 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 Freepoint Pipe and Supply Inc. make?
- SeeBITDA estimates Freepoint Pipe and Supply Inc.'s annual revenue at about $23.9M (likely between $15.7M and $27.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Freepoint Pipe and Supply Inc. worth?
- About $29.9M, roughly 5.5× its estimated EBITDA of $5.4M, typical for a crude petroleum extraction company its size. Likely range: $15.7M–$40.9M.
- How many employees does Freepoint Pipe and Supply Inc. have?
- About 6, from its 2020 retirement-plan filing.
- When was Freepoint Pipe and Supply Inc. founded?
- Freepoint Pipe and Supply Inc. has been in business since 1989.