SeeBITDAOklahoma

Gemini Industries, Inc.

Paint and Coating Manufacturing
Estimated valueMedium confidence
$99.8M
$52.5Mlikely range$136.5M
About 7.5× its yearly EBITDA, typical for a company this size in its industry.
Revenue
$143.6M
a year
EBITDA
$13.3M
9% of revenue
Employees
153
reported in 2020
Leadership
Chris Hicks
President/CEO · source · confirmed by 2 sources · LinkedIn
  • Jenny Cripps
    Chief Financial Officer · Web search
  • Kevin Marshall
    Signs company filings · Form 5500 (2020)
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $99.8M

Based on its 153 employees and its payroll, both reported for PPP in 2020 and brought up to date.

153 employees × $671K each$102.6M
PPP payroll ÷ payroll's usual share of revenue$154.7M
Shown toward the top of its range×1.14
Revenue$143.6M
× 9% EBITDA margin$13.3M
× 7.5 sale multiple = value$99.8M

Own this business? Correct these figures

Estimated value over time

▲ 38% since 2020
$0$57.4M$114.7M202020212022202320242026

Today'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

▲ 3% since 2020
010020020202021202220232024153157
401(k) / retirement-plan participantsEmployees reported for PPP
Show as table
YearSourceEmployeesEst. revenueEst. EBITDA
2020PPP loan153$118.7M$11.0M
2020Form 5500130$100.8M$9.3M
2021Form 5500135$104.7M$9.7M
2022Form 5500135$104.7M$9.7M
2023Form 5500146$113.3M$10.5M
2024Form 5500157$121.8M$11.3M

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

PPP loan, 2020
401(k) filing, 2024
No reported financials
No website found
Owner named

Compared with similar businesses nearby

BusinessEst. revenueEst. EBITDADistance
GEMINI INDUSTRIES, INC.
this business
$143.6M$13.3M—
COLOR-RITE INC
Yukon · 19 employees
$12.5M$1.4M12.1 mi
PROEM SOLUTIONS, LLC
Yukon · 3 employees
$2.0M$281K13.0 mi
GREAT PLAINS COATINGS, INC.
Oklahoma City · 1 employees
$823K$129K19.6 mi
SELECT COATINGS, INC
Oklahoma City · 50 employees
$28.5M$3.0M20.3 mi
H-I-S PAINT MANUFACTURING COMPANY, L.L.C.
Oklahoma City · 65 employees
$53.5M$5.7M22.7 mi
3Chem Military & Aerospace Coatings
Oklahoma City
$1.3M$170K23.0 mi

Ranges & sources

Revenue range$94.5M – $163.8M
EBITDA range$8.7M – $15.2M
Industry (NAICS)Paint and Coating Manufacturing (325510)
Value range$52.5M – $136.5M

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. 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

  • AccountingEide Bailly LLPAudits its 401(k) plan (2024 filing)
  • BankingBOKF, 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

BOKF, National Association
PPP 2020
All 2,399 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/4/2020first$2.8M$2.8M153BOKF, National Association

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Gemini Industries, Inc.

Gemini Industries, Inc. is a paint and coating manufacturing company in El Reno, Oklahoma. It is owned by Chris Hicks (President/CEO). Its estimated annual revenue is about $143.6M, with roughly $13.3M of EBITDA. It has about 157 employees. Its estimated business value is $99.8M (likely range $52.5M–$136.5M).

Common questions

Who owns Gemini Industries, Inc.?
Gemini Industries, Inc. is owned by Chris Hicks (President/CEO), according to public sources such as the company's website or filings.
How much revenue does Gemini Industries, Inc. make?
SeeBITDA estimates Gemini Industries, Inc.'s annual revenue at about $143.6M (likely between $94.5M and $163.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Gemini Industries, Inc. worth?
About $99.8M, roughly 7.5× its estimated EBITDA of $13.3M, typical for a paint and coating manufacturing company its size. Likely range: $52.5M–$136.5M.
How many employees does Gemini Industries, Inc. have?
About 157, from its 2024 retirement-plan filing.