Hfe Process, Inc.
- Vicky WardTreasurer · Company website
- Karol SorensonAdministrative · Company website
- Josh WeaverControls / Mechanical · Company website
- Connor ParentWelder / Fabricator · Company website
How we got $1.0M
Based on its 4 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.
What we know
Signs of a sale Likely to sell
- In business 41 years (since 1985)
- Founder still runs it after 41 years
- Family in the business (Vicky Ward, Treasurer)
From public records and the company's website, not a statement that it's for sale.
What they do
HFE Process, Inc. of Inola, OK, offers pumping systems, screening equipment and controls for the water and wastewater industry.
From the company's website. Industry: Measuring, Dispensing, and Other Pumping Equipment Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HFE PROCESS, INC. this business | $2.3M | — |
| FULLERTON HYDRO-TEST, INC. Inola · 11 employees | $3.5M | 6.4 mi |
| XS WELDING, LLC Claremore · 5 employees | $1.6M | 9.2 mi |
| RCW WELDING SERVICES LLC Broken Arrow · 1 employees | $325K | 9.6 mi |
| NEGATIVE ONE-EIGHTY CRYOGENIC SOLUTIONS, LLC Claremore · 5 employees | $2.5M | 10.4 mi |
| ONSITE UPTIME LLC Claremore · 1 employees | $390K | 10.7 mi |
| MCCUTCHEN ENTERPRISES, INC. Catoosa · 2 employees | $998K | 11.0 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $319K |
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 | $1.0M |
| Multiple for this size and industry | 3.2× |
| Value range | $538K – $1.4M |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $210K – $364K |
| Industry (NAICS) | Measuring, Dispensing, and Other Pumping Equipment Manufacturing (333914) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
“HFE PROCESS was organized in 1985 after purchasing the assets of a similar firm.”
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $31K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hfe Process, Inc.
Hfe Process, Inc. is a measuring, dispensing, and other pumping equipment manufacturing company in Inola, Oklahoma, in business since 1985. It is owned by Ken Ward (Founder / Operator). Its estimated annual revenue is about $2.3M, with roughly $319K of EBITDA. It has about 4 employees. Its estimated business value is $1.0M (likely range $538K–$1.4M).
Common questions
- Who owns Hfe Process, Inc.?
- Hfe Process, Inc. is owned by Ken Ward (Founder / Operator), according to public sources such as the company's website or filings.
- How much revenue does Hfe Process, Inc. make?
- SeeBITDA estimates Hfe Process, Inc.'s annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hfe Process, Inc. worth?
- About $1.0M, roughly 3.2× its estimated EBITDA of $319K, typical for a measuring, dispensing, and other pumping equipment manufacturing company its size. Likely range: $538K–$1.4M.
- How many employees does Hfe Process, Inc. have?
- About 4, as reported on its PPP loan.
- When was Hfe Process, Inc. founded?
- Hfe Process, Inc. has been in business since 1985.
- Is Hfe Process, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 41 years (since 1985); founder still runs it after 41 years; family in the business (vicky ward, treasurer).