Gas Turbine Applications Inc
- Melinda WhiteSigns company filings · Form 5500 (2022)
How we got $3.4M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
▼ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 18 | $4.3M |
| 2020 | Form 5500 | 20 | $4.8M |
| 2021 | Form 5500 | 18 | $4.3M |
| 2022 | Form 5500 | 17 | $4.1M |
| 2023 | Form 5500 | 16 | $3.8M |
| 2024 | Form 5500 | 12 | $2.9M |
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 Likely to sell
- In business 42 years (since 1984)
- Headcount down 40% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Gas Turbine Applications is an independent service provider that overhauls, repairs and tests Saturn and Centaur industrial gas turbines (Solar Turbines products) and centrifugal gas compressors. It serves a longstanding customer base primarily in the upstream and midstream sector.
From the company's website. Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- FUTURE ENERGY SERVICES OF OKLAHOMA · Kingston, 17 mi · $164.0M
- OKLAHOMA PETROLEUM ALLIES LLC · Ardmore, 48 mi · $74.6M
- QUIEN SABE CORPORATION · Ardmore, 48 mi · $61.9M
- POSITIVE ENERGY LLC · Ada, 63 mi · $51.0M
- TRIPOWER RESOURCES, LLC · Ardmore, 48 mi · $49.5M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GAS TURBINE APPLICATIONS INC this business | $7.8M | — |
| AERO COMPONENT REPAIR, LLC Durant · 9 employees | $2.7M | 8.2 mi |
| C&F HEAVY EQUIPMENT REPAIR, LLC Hendrix · 4 employees | $969K | 10.4 mi |
| KNAPE FABRICATION & WELDING LLC Kingston · 1 employees | $437K | 21.8 mi |
| CANYON WELDING SERVICE INC Tishomingo · 15 employees | $6.5M | 26.6 mi |
| Simply Safe of Tishomingo Tishomingo | $1.8M | 30.2 mi |
| SUPERMARKET SERVICES C O INC Tishomingo · 4 employees | $1.3M | 30.5 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $7.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $883K |
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 | $3.4M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.8M – $4.6M |
| Revenue range | $5.1M – $8.8M |
| EBITDA range | $581K – $1.0M |
| Industry (NAICS) | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310) |
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
“Founded in 1984 and based in Calera, Oklahoma, Gas Turbine Applications (GTA) delivers its turbine services from a 16,000 sq ft workshop which includes a Saturn® and Centaur® test facility as well as a fully equipped machine shop.”
Advisors
- BankingVision 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
| Vision Bank PPP 2020 | All 487 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $246K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gas Turbine Applications Inc
Gas Turbine Applications Inc is a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company in Calera, Oklahoma, in business since 1984. Its estimated annual revenue is about $7.8M, with roughly $883K of EBITDA. It has about 12 employees. Its estimated business value is $3.4M (likely range $1.8M–$4.6M).
Common questions
- Who owns Gas Turbine Applications Inc?
- The owner of Gas Turbine Applications 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 Gas Turbine Applications Inc make?
- SeeBITDA estimates Gas Turbine Applications Inc's annual revenue at about $7.8M (likely between $5.1M and $8.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gas Turbine Applications Inc worth?
- About $3.4M, roughly 3.8× its estimated EBITDA of $883K, typical for a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company its size. Likely range: $1.8M–$4.6M.
- How many employees does Gas Turbine Applications Inc have?
- About 12, from its 2024 retirement-plan filing.
- When was Gas Turbine Applications Inc founded?
- Gas Turbine Applications Inc has been in business since 1984.
- Is Gas Turbine Applications Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 42 years (since 1984); headcount down 40% since 2020 (retirement plan filings).