Horizon Metals LLC
How we got $3.2M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Horizon Metals LLC is a scrap metal and end of life asset management business with locations in Tulsa, Oklahoma and Midland, Texas. It buys scrap and end of life oilfield assets from its suppliers and offers roll-off box service and certified destruction.
From the company's website. Industry: Metal Service Centers and Other Metal Merchant Wholesalers.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 5 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 6 mi · $467.7M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 12 mi · $326.7M
- BKG INDUSTRIES, LLC · Stigler, 65 mi · $318.2M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 12 mi · $315.1M
Estimated value over time
▲ 24% 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
▲ 250% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 4 | $5.9M |
| 2021 | Form 5500 | 7 | $10.4M |
| 2022 | Form 5500 | 8 | $11.9M |
| 2023 | Form 5500 | 7 | $10.4M |
| 2024 | Form 5500 | 13 | $19.3M |
| 2025 | Form 5500 | 14 | $20.8M |
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 |
|---|---|---|
| HORIZON METALS LLC this business | $12.0M | — |
| BELCO SALES, LLC Tulsa · 1 employees | $2.2M | 0.0 mi |
| PHOENIX COAL SALES INC. Broken Arrow · 8 employees | $60.6M | 1.9 mi |
| SIGMA SALES, INC. Tulsa · 3 employees | $4.8M | 6.8 mi |
| LEWIS STEEL & WIRE Broken Arrow · 4 employees | $6.4M | 7.0 mi |
| CHAMPAGNE METALS, L.L.C. Glenpool · 127 employees | $232.5M | 8.3 mi |
| MANUFACTURING & PACKAGING INNOVATIONS, LLC Tulsa · 2 employees | $4.3M | 9.8 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.6M |
| Estimate: the two combined (geometric mean) | $12.0M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $880K |
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 | $3.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.7M – $4.3M |
| Revenue range | $7.9M – $13.6M |
| EBITDA range | $579K – $1.0M |
| Industry (NAICS) | Metal Service Centers and Other Metal Merchant Wholesalers (423510) |
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
Advisors
- BankingJPMorgan Chase Bank, National AssociationPPP / 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
| JPMorgan Chase Bank, National Association PPP 2020 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $124K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Horizon Metals LLC
Horizon Metals LLC is a metal service centers and other metal merchant wholesalers company in Tulsa, Oklahoma, in business since 2019. Its estimated annual revenue is about $12.0M, with roughly $880K of EBITDA. It has about 14 employees. Its estimated business value is $3.2M (likely range $1.7M–$4.3M).
Common questions
- Who owns Horizon Metals LLC?
- The owner of Horizon Metals 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 Horizon Metals LLC make?
- SeeBITDA estimates Horizon Metals LLC's annual revenue at about $12.0M (likely between $7.9M and $13.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Horizon Metals LLC worth?
- About $3.2M, roughly 3.6× its estimated EBITDA of $880K, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $1.7M–$4.3M.
- How many employees does Horizon Metals LLC have?
- About 14, from its 2025 retirement-plan filing.
- When was Horizon Metals LLC founded?
- Horizon Metals LLC has been in business since 2019.