Grimsleys Inc
How we got $5.9M
Based on its 30 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 70 years (since 1956)
- Family in the business (Ellen Smith, General Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Grimsley's Inc. is a family owned janitorial and maintenance supply distributor, established in 1956, serving customers from Stillwater and beyond.
From the company's website. Industry: Service Establishment Equipment and Supplies Merchant Wholesalers.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- FIRST MAINTENANCE COMPANY · Oklahoma City, 50 mi · $19.8M
- OKLAHOMA BUILDING SERVICES INC · Oklahoma City, 51 mi · $9.5M
- RT HOFFMAN · Oklahoma City, 52 mi · $6.7M
- UNIVERSAL MANAGEMENT AND MAINTENANCE CO INC · Enid, 49 mi · $6.5M
- SPIC & SPAN COMMERCIAL CLEANING LLC · Edmond, 42 mi · $5.6M
Estimated value over time
▲ 37% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GRIMSLEYS INC this business | $20.1M | — |
| REDMONT SALES LLC Cushing · 2 employees | $4.0M | 19.1 mi |
| FECHNER PUMP & SUPPLY,INC. Cushing · 29 employees | $26.2M | 19.7 mi |
| AKL SERVICES, INC Cushing · 9 employees | $10.9M | 19.9 mi |
| FARM SOURCE LLC Perry · 2 employees | $2.0M | 20.6 mi |
| AMERICAN WELDING SUPPLY Cushing · 8 employees | $10.7M | 21.0 mi |
| CIRCLE S SPRINKLER LLC Covington · 2 employees | $2.3M | 30.2 mi |
The full calculation
| Employees reported to the SBA | 30 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.8M |
| Estimate: the two combined (geometric mean) | $20.1M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.4M |
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 | $5.9M |
| Multiple for this size and industry | 4.3× |
| Value range | $3.1M – $8.1M |
| Revenue range | $13.2M – $23.0M |
| EBITDA range | $907K – $1.6M |
| Industry (NAICS) | Service Establishment Equipment and Supplies Merchant Wholesalers (423850) |
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
“Grimsley's begins as a service station and a Kaiser-Frazier car dealership.”
Leadership
- ESEllen SmithGeneral Manager · Company website · source
- JWJeff WenslerSales Manager · Company website · source
- JHJohn HerbersAccount Manager · Company website · source
- JHJenny HentgesOffice Coordinator · Company website · source
Advisors
- BankingSimmons 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
| Simmons Bank PPP 2020 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $212K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Grimsleys Inc
Grimsleys Inc is a family-owned service establishment equipment and supplies merchant wholesalers company in Stillwater, Oklahoma, in business since 1956. It is owned by Ryan Smith (Owner & President). Its estimated annual revenue is about $20.1M, with roughly $1.4M of EBITDA. It has about 30 employees. Its estimated business value is $5.9M (likely range $3.1M–$8.1M).
Common questions
- Who owns Grimsleys Inc?
- Grimsleys Inc is owned by Ryan Smith (Owner & President), according to public sources such as the company's website or filings.
- How much revenue does Grimsleys Inc make?
- SeeBITDA estimates Grimsleys Inc's annual revenue at about $20.1M (likely between $13.2M and $23.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Grimsleys Inc worth?
- About $5.9M, roughly 4.3× its estimated EBITDA of $1.4M, typical for a service establishment equipment and supplies merchant wholesalers company its size. Likely range: $3.1M–$8.1M.
- How many employees does Grimsleys Inc have?
- About 30, as reported on its PPP loan.
- When was Grimsleys Inc founded?
- Grimsleys Inc has been in business since 1956.