Industrial Inspection & Consulting, Inc.
How we got $7.1M
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
Industrial Inspection & Consulting, Inc. (I2C) is an inspection and metallurgical engineering firm providing inspection support, mechanical integrity analysis, and failure analysis to industries including chemical, refining, and oil and gas exploration.
From the company's website. Industry: Engineering & architecture.
Customers & suppliers
Customers
- Koch Mineral Services LLC · named on its website
- CF Industries Inc · named on its website
- OneOK NGL Pipeline · named on its website
- OneOK Services Co · named on its website
- Phillips 66 Services · named on its website
Suppliers & brands
- FLIR · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 15 mi · $33.63B
- Helmerich & Payne · Tulsa, 14 mi · $3.75B
- EXPLORER PIPELINE COMPANY · Tulsa, 8 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 10 mi · $467.8M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 15 mi · $326.8M
Estimated value over time
▲ 90% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| INDUSTRIAL INSPECTION & CONSULTING, INC. this business | $10.2M | — |
| TONY HENSHAW ENTERPRISES LLC Bixby · 2 employees | $893K | 1.0 mi |
| VALOR FORENSIC ENGINEERING SERVICES, LLC Bixby · 1 employees | $485K | 2.3 mi |
| RED ZONE CONSULTING, LLC Bixby · 1 employees | $250K | 2.6 mi |
| Max Profit Print Shop Estimator Bixby | $2.0M | 3.2 mi |
| TMO Turbo Glenpool | $2.0M | 3.3 mi |
| Stout Computer Repair Glenpool | $2.0M | 3.4 mi |
The full calculation
| Employees reported to the SBA | 25 |
| 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) | $10.8M |
| Estimate: the two combined (geometric mean) | $10.2M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.4M |
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 | $7.1M |
| Multiple for this size and industry | 5.2× |
| Value range | $3.8M – $9.8M |
| Revenue range | $6.7M – $11.7M |
| EBITDA range | $904K – $1.6M |
| Industry (NAICS) | Engineering Services (541330) |
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
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $488K | 24 |
| 2/14/2021 | second | $483K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Industrial Inspection & Consulting, Inc.
Industrial Inspection & Consulting, Inc. is an engineering & architecture company in Bixby, Oklahoma, in business since 2010. Its estimated annual revenue is about $10.2M, with roughly $1.4M of EBITDA. It has about 25 employees. Its estimated business value is $7.1M (likely range $3.8M–$9.8M).
Common questions
- Who owns Industrial Inspection & Consulting, Inc.?
- The owner of Industrial Inspection & Consulting, Inc. 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 Industrial Inspection & Consulting, Inc. make?
- SeeBITDA estimates Industrial Inspection & Consulting, Inc.'s annual revenue at about $10.2M (likely between $6.7M and $11.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Industrial Inspection & Consulting, Inc. worth?
- About $7.1M, roughly 5.2× its estimated EBITDA of $1.4M, typical for a engineering & architecture company its size. Likely range: $3.8M–$9.8M.
- How many employees does Industrial Inspection & Consulting, Inc. have?
- About 25, as reported on its PPP loan.
- When was Industrial Inspection & Consulting, Inc. founded?
- Industrial Inspection & Consulting, Inc. has been in business since 2010.