Gap Roofing, Inc
How we got $25.1M
Based on its 70 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 37 years (since 1989)
- Founder still runs it after 37 years
From public records and the company's website, not a statement that it's for sale.
What they do
G.A.P. Roofing, Inc. is a family-owned manufacturer of roofing and waterproofing products based in Pryor, OK, with a focus on customized customer experience. It makes felts, underlayments, base and cap sheets, and building paper.
From the company's website. Industry: Roofing, Siding, and Insulation Material Merchant Wholesalers.
Estimated value over time
▲ 18% 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
▼ 47% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 70 | $78.5M |
| 2024 | Form 5500 | 42 | $47.1M |
| 2025 | Form 5500 | 37 | $41.5M |
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 |
|---|---|---|
| GAP ROOFING, INC this business | $70.5M | — |
| APTUS MANUFACTURING I, LLC Pryor · 26 employees | $21.4M | 0.0 mi |
| PRYOR LUMBER COMPANY INC Pryor · 20 employees | $20.9M | 5.4 mi |
| BUILDERS WHOLESALE AND HARDWARE SUPPLY, LLC Locust Grove · 5 employees | $5.3M | 8.9 mi |
| HAMILL EQUIPMENT INC. Adair · 17 employees | $11.0M | 14.2 mi |
| CDJ ENTERPRISES LLC Langley | $30.3M | 19.9 mi |
| WAGONER LUMBER COMPANY INC Wagoner · 11 employees | $9.9M | 21.6 mi |
The full calculation
| Employees reported to the SBA | 70 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $76.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $49.7M |
| Estimate: the two combined (geometric mean) | $70.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $4.8M |
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 | $25.1M |
| Multiple for this size and industry | 5.2× |
| Value range | $13.2M – $34.4M |
| Revenue range | $46.4M – $80.4M |
| EBITDA range | $3.2M – $5.5M |
| Industry (NAICS) | Roofing, Siding, and Insulation Material Merchant Wholesalers (423330) |
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
“First G.A.P. plant opened by Glen Passmore in Pryor, OK with 5 employees and 1 machine.”
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $694K | 70 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gap Roofing, Inc
Gap Roofing, Inc is a family-owned roofing, siding, and insulation material merchant wholesalers company in Pryor, Oklahoma, in business since 1989. It is owned by Glen Passmore (President). Its estimated annual revenue is about $70.5M, with roughly $4.8M of EBITDA. It has about 37 employees. Its estimated business value is $25.1M (likely range $13.2M–$34.4M).
Common questions
- Who owns Gap Roofing, Inc?
- Gap Roofing, Inc is owned by Glen Passmore (President), according to public sources such as the company's website or filings.
- How much revenue does Gap Roofing, Inc make?
- SeeBITDA estimates Gap Roofing, Inc's annual revenue at about $70.5M (likely between $46.4M and $80.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gap Roofing, Inc worth?
- About $25.1M, roughly 5.2× its estimated EBITDA of $4.8M, typical for a roofing, siding, and insulation material merchant wholesalers company its size. Likely range: $13.2M–$34.4M.
- How many employees does Gap Roofing, Inc have?
- About 37, from its 2025 retirement-plan filing.
- When was Gap Roofing, Inc founded?
- Gap Roofing, Inc has been in business since 1989.
- Is Gap Roofing, Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 37 years (since 1989); founder still runs it after 37 years.