Halcyon Equipment LLC
How we got $4.3M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 5% 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 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Halcyon Equipment sells new and used pumping units for the oil industry and says it also buys pumping units. It describes itself as a single source pumping unit provider.
From the company's website. Industry: Oil & gas.
Customers & suppliers
Suppliers & brands
- Lufkin · brand it sells or installs
- Weatherford · brand it sells or installs
- Shores · brand it sells or installs
- American · brand it sells or installs
- Liberty Lift · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HALCYON EQUIPMENT LLC this business | $3.9M | — |
| RAY CLOUR WELL SERVICING, INC. Ratliff City · 26 employees | $10.9M | 0.2 mi |
| PRIME OILFIELD SERVICES Ratliff City · 1 employees | $422K | 0.6 mi |
| DEAN'S WELL SERVICING, INC. Ratliff City · 5 employees | $1.7M | 0.9 mi |
| CHESTER'S HOT OIL SERVICE INC Ratliff City · 3 employees | $1.3M | 1.1 mi |
| J&J PUMP SHOP LLC Ratliff City · 1 employees | $486K | 1.1 mi |
| JENKINS & PERKINS TRUCKING INC Ratliff City · 4 employees | $1.5M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.5M |
| Estimate: the two combined (geometric mean) | $3.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.3M – $5.9M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $781K – $1.4M |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
“Halcyon Equipment, established in 2018 by a small group of individuals with a big vision to revitalize the artificial lift market, offers operators a cost-effective solution with a consistent level of quality that has historically only been seen with new equipment providers.”
Advisors
- BankingValliance 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
| Valliance Bank PPP 2020, PPP 2021 | All 439 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $90K | 8 |
| 1/25/2021 | second | $90K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Halcyon Equipment LLC
Halcyon Equipment LLC is an oil & gas company in Ratliff City, Oklahoma, in business since 1997. Its estimated annual revenue is about $3.9M, with roughly $1.2M of EBITDA. It has about 8 employees. Its estimated business value is $4.3M (likely range $2.3M–$5.9M).
Common questions
- Who owns Halcyon Equipment LLC?
- The owner of Halcyon Equipment LLC 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 Halcyon Equipment LLC make?
- SeeBITDA estimates Halcyon Equipment LLC's annual revenue at about $3.9M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Halcyon Equipment LLC worth?
- About $4.3M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a oil & gas company its size. Likely range: $2.3M–$5.9M.
- How many employees does Halcyon Equipment LLC have?
- About 8, as reported on its PPP loan.
- When was Halcyon Equipment LLC founded?
- Halcyon Equipment LLC has been in business since 1997.