H. K. & S. Iron Co.
- Robert W. WhittallPresident (1997 to 2009) · Company website
- John RayPresident (2009-2022) · Company website
- John KingPresident (1963 to 1997) · Company website
How we got $19.2M
Based on its 36 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 63 years (since 1963)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
HK&S Iron is a structural and miscellaneous steel fabricator that also sells steel products to the public. It serves projects across the United States, from New York to Hawaii, including schools, hospitals, churches and government buildings.
From the company's website. Industry: Fabricated Structural Metal Manufacturing.
Customers & suppliers
Customers
- Deer Creek Public Schools · named on its website
- Mustang Public Schools · named on its website
- Edmond Public Schools · named on its website
- Burkburnett ISD · named on its website
- Durant Public Schools · named on its website
- Stillwater Public Schools · named on its website
- Alpha Gamma Rho Fraternity · named on its website
- Murray State College · named on its website
- Southwestern Oklahoma State University · named on its website
- University of Oklahoma · named on its website
- Rose State College · named on its website
- Francis Tuttle · named on its website
- Canadian Valley Tech · named on its website
- Oklahoma Department of Wildlife · named on its website
- Oklahoma Attorney General · named on its website
Estimated value over time
▲ 47% 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.
Employees over time
▲ 3% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 36 | $20.0M |
| 2020 | Form 5500 | 34 | $18.9M |
| 2021 | Form 5500 | 38 | $21.1M |
| 2022 | Form 5500 | 36 | $20.0M |
| 2023 | Form 5500 | 37 | $20.6M |
| 2024 | Form 5500 | 38 | $21.1M |
| 2025 | Form 5500 | 37 | $20.6M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| H. K. & S. IRON CO. this business | $31.1M | — |
| D&D DESIGN & MFG. INC. Oklahoma City · 6 employees | $3.6M | 1.4 mi |
| ALLIANCE STEEL, INC. Oklahoma City · 276 employees | $191.9M | 2.1 mi |
| FIFTEEN FIVE GUTTER SOLUTIONS LLC Yukon · 1 employees | $488K | 2.8 mi |
| PERFORMANCE MECHANICAL & SHEET METAL INC. Oklahoma City · 14 employees | $5.9M | 3.8 mi |
| SWANDA BROTHERS INC Oklahoma City · 31 employees | $12.9M | 4.1 mi |
| ADVENTURE MANUFACTURING INC Oklahoma City · 4 employees | $2.1M | 4.4 mi |
The full calculation
| Employees reported to the SBA | 36 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $30.1M |
| Estimate: the two combined (geometric mean) | $31.1M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $3.3M |
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 | $19.2M |
| Multiple for this size and industry | 5.8× |
| Value range | $10.1M – $26.3M |
| Revenue range | $20.5M – $35.5M |
| EBITDA range | $2.2M – $3.8M |
| Industry (NAICS) | Fabricated Structural Metal Manufacturing (332312) |
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
“Although HK&S Iron Company was incorporated in 1963, its beginnings can actually be traced back to 1958 when John King and Roger Hallock formed H&K Iron Company.”
Advisors
- BankingFirst Bethany 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
| First Bethany Bank & Trust PPP 2020, PPP 2021 | All 186 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/16/2020 | first | $456K | 36 |
| 2/3/2021 | second | $456K | 35 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About H. K. & S. Iron Co.
H. K. & S. Iron Co. is a fabricated structural metal manufacturing company in Oklahoma City, Oklahoma, in business since 1963. It is owned by Nick Allison (President). Its estimated annual revenue is about $31.1M, with roughly $3.3M of EBITDA. It has about 37 employees. Its estimated business value is $19.2M (likely range $10.1M–$26.3M).
Common questions
- Who owns H. K. & S. Iron Co.?
- H. K. & S. Iron Co. is owned by Nick Allison (President), according to public sources such as the company's website or filings.
- How much revenue does H. K. & S. Iron Co. make?
- SeeBITDA estimates H. K. & S. Iron Co.'s annual revenue at about $31.1M (likely between $20.5M and $35.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is H. K. & S. Iron Co. worth?
- About $19.2M, roughly 5.8× its estimated EBITDA of $3.3M, typical for a fabricated structural metal manufacturing company its size. Likely range: $10.1M–$26.3M.
- How many employees does H. K. & S. Iron Co. have?
- About 37, from its 2025 retirement-plan filing.
- When was H. K. & S. Iron Co. founded?
- H. K. & S. Iron Co. has been in business since 1963.
- Is H. K. & S. Iron Co. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 63 years (since 1963); no family successor named on its website.