Gardner Spring Inc
How we got $2.8M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 13% 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.
What we know
Signs of a sale Some signs of a sale
- In business 119 years (since 1907)
From public records and the company's website, not a statement that it's for sale.
What they do
Gardner Spring Inc is a spring manufacturer in Tulsa, OK, serving customers since 1907, offering compression, extension, disc, curved, wave and torsion springs.
From the company's website. Industry: Spring Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GARDNER SPRING INC this business | $5.5M | — |
| GARDNER SPRING, INC. 401(K) PLAN Tulsa | $6.0M | 1.6 mi |
| ACTION SPRING CO INC Tulsa · 24 employees | $13.6M | 2.0 mi |
| CIMARRON MACHINE SERVICES, INC. Tulsa · 27 employees | $13.1M | 4.6 mi |
| INDUSTRIAL SPLICING & SLING Tulsa · 25 employees | $10.7M | 6.3 mi |
| OKLAHOMA POST TENSION INC Tulsa · 13 employees | $5.2M | 6.8 mi |
| EBSCO SPRING CO INC Tulsa · 41 employees | $19.6M | 7.2 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.4M |
| Estimate: the two combined (geometric mean) | $5.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $722K |
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 | $2.8M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.5M – $3.9M |
| Revenue range | $3.6M – $6.3M |
| EBITDA range | $475K – $823K |
| Industry (NAICS) | Spring Manufacturing (332613) |
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
- BankingBank of America, 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
| Bank of America, National Association PPP 2020 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $132K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gardner Spring Inc
Gardner Spring Inc is a spring manufacturing company in Tulsa, Oklahoma, in business since 1907. It is owned by Katherine Dalton (President). Its estimated annual revenue is about $5.5M, with roughly $722K of EBITDA. It has about 16 employees. Its estimated business value is $2.8M (likely range $1.5M–$3.9M).
Common questions
- Who owns Gardner Spring Inc?
- Gardner Spring Inc is owned by Katherine Dalton (President), according to public sources such as the company's website or filings.
- How much revenue does Gardner Spring Inc make?
- SeeBITDA estimates Gardner Spring Inc's annual revenue at about $5.5M (likely between $3.6M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gardner Spring Inc worth?
- About $2.8M, roughly 3.9× its estimated EBITDA of $722K, typical for a spring manufacturing company its size. Likely range: $1.5M–$3.9M.
- How many employees does Gardner Spring Inc have?
- About 16, as reported on its PPP loan.
- When was Gardner Spring Inc founded?
- Gardner Spring Inc has been in business since 1907.