H*e Engineered Equipment Co Inc.
How we got $822K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 2% 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 58 years (since 1968)
From public records and the company's website, not a statement that it's for sale.
What they do
Mead O'Brien, a company with offices in Kansas City, St. Louis, Tulsa and Calvert City, provides valve automation, steam system, hot water system and instrumentation equipment and services. The water and wastewater division integrates the former HE Engineered Equipment Company, which supported municipalities across the Midwest.
From the company's website. Industry: Industrial Machinery and Equipment Merchant Wholesalers.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DRUMMOND CATTLE LLC · Tulsa, 4 mi · $129.6M
- BERRY & BERRY ACQUISITION · Tahlequah, 54 mi · $93.3M
- J-M FARMS, INC · Miami, 81 mi · $82.0M
- J-M FARMS HOLDING, LLC · Miami, 79 mi · $76.3M
- J-M FOODS, LLC · Miami, 82 mi · $37.0M
- AMERICAN PIPING INSPECTION, IN · Tulsa, 8 mi · $122.0M
- WALLACE ENGINEERING - STRUCTURAL CONSULTANTS, INC · Tulsa, 6 mi · $60.8M
- AMERICAN PIPING INSPECTION INC. · Tulsa, 8 mi · $52.8M
- SGA DESIGN GROUP, P.C. · Tulsa, 5 mi · $42.2M
- GOLDEN FIELD SERVICES INC. · Tulsa, 3 mi · $41.9M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| H*E ENGINEERED EQUIPMENT CO INC. this business | $3.1M | — |
| CANFIELD & JOSEPH, INC. Tulsa · 57 employees | $59.4M | 0.1 mi |
| PLATINUM VENTURES, INC Tulsa · 25 employees | $20.0M | 0.4 mi |
| Zaman Inc Tulsa | $2.0M | 0.5 mi |
| Veseris Tulsa | $1.4M | 0.5 mi |
| PROGRESSIVE MACHINE TOOLS Tulsa · 14 employees | $14.1M | 0.5 mi |
| MESA PRODUCTS, INC. Tulsa · 249 employees | $297.0M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.4M |
| Estimate: the two combined (geometric mean) | $3.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $283K |
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 | $822K |
| Multiple for this size and industry | 2.9× |
| Value range | $432K – $1.1M |
| Revenue range | $2.0M – $3.5M |
| EBITDA range | $186K – $323K |
| Industry (NAICS) | Industrial Machinery and Equipment Merchant Wholesalers (423830) |
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
“Established in 1968, HE Engineered Equipment Company built a strong legacy supporting municipalities across the Midwest with reliable solutions for water and wastewater treatment.”
Advisors
- BankingEnterprise Bank & TrustPPP / 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
| Enterprise Bank & Trust PPP 2020 | All 7 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/12/2020 | first | $36K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About H*e Engineered Equipment Co Inc.
H*e Engineered Equipment Co Inc. is an industrial machinery and equipment merchant wholesalers company in Tulsa, Oklahoma, in business since 1968. It is owned by Larry Hairelson. Its estimated annual revenue is about $3.1M, with roughly $283K of EBITDA. It has about 2 employees. Its estimated business value is $822K (likely range $432K–$1.1M).
Common questions
- Who owns H*e Engineered Equipment Co Inc.?
- H*e Engineered Equipment Co Inc. is owned by Larry Hairelson, according to public sources such as the company's website or filings.
- How much revenue does H*e Engineered Equipment Co Inc. make?
- SeeBITDA estimates H*e Engineered Equipment Co Inc.'s annual revenue at about $3.1M (likely between $2.0M and $3.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is H*e Engineered Equipment Co Inc. worth?
- About $822K, roughly 2.9× its estimated EBITDA of $283K, typical for a industrial machinery and equipment merchant wholesalers company its size. Likely range: $432K–$1.1M.
- How many employees does H*e Engineered Equipment Co Inc. have?
- About 2, as reported on its PPP loan.
- When was H*e Engineered Equipment Co Inc. founded?
- H*e Engineered Equipment Co Inc. has been in business since 1968.