Industrial Piping Specialists Inc.
- Robert JettonChief Accounting Officer (CAO) · Web search, Form 5500 (2021)
- Paul MullinsCfo · Web search
How we got $95.7M
Based on its 421 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 4% 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
▼ 14% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 421 | $104.2M |
| 2020 | Form 5500 | 214 | $53.0M |
| 2021 | Form 5500 | 226 | $56.0M |
| 2022 | Form 5500 | 275 | $68.1M |
| 2023 | Form 5500 | 308 | $76.3M |
| 2024 | Form 5500 | 326 | $80.7M |
| 2025 | Form 5500 | 360 | $89.1M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
What they do
Industrial Piping Specialists is a Tulsa, Oklahoma distributor of pipe, fittings, flanges and valves, serving energy, energy-related and general construction markets since 1986.
From the company's website. Industry: Oil and Gas Pipeline and Related Structures Construction.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| INDUSTRIAL PIPING SPECIALISTS INC. this business | $199.5M | — |
| CIRCLE B MEASUREMENT & FABRICATION, LLC Tulsa · 116 employees | $57.6M | 0.6 mi |
| DMI INTERNATIONAL, INC. Tulsa · 80 employees | $56.5M | 1.2 mi |
| MID AMERICA PIPELINE CONSTRUCTION, INC Tulsa · 219 employees | $112.2M | 1.4 mi |
| TULSA CIVIL CONTRACTORS, LLC Tulsa · 9 employees | $6.5M | 1.5 mi |
| FORREST GROUP LTD Tulsa · 110 employees | $78.0M | 1.7 mi |
| BR HEAVY CONSTRUCTION, LLC Tulsa | $25.2M | 2.1 mi |
Ranges & sources
| Revenue range | $131.2M – $227.5M |
| EBITDA range | $11.2M – $19.5M |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
| Value range | $50.4M – $131.0M |
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
“From our beginning in 1986, IPS focused on reducing the overall cost for our customers start to finish.”
Advisors
- AccountingHogantaylor LLPAudits its 401(k) plan (2025 filing)
- BankingMabrey 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 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 | $7.9M | 421 |
| 2/12/2021 | second | $2.0M | 218 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Industrial Piping Specialists Inc.
Industrial Piping Specialists Inc. is an oil and gas pipeline and related structures construction company in Tulsa, Oklahoma, in business since 1986. Its estimated annual revenue is about $199.5M, with roughly $17.1M of EBITDA. It has about 360 employees. Its estimated business value is $95.7M (likely range $50.4M–$131.0M).
Common questions
- Who owns Industrial Piping Specialists Inc.?
- The owner of Industrial Piping Specialists 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 Piping Specialists Inc. make?
- SeeBITDA estimates Industrial Piping Specialists Inc.'s annual revenue at about $199.5M (likely between $131.2M and $227.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Industrial Piping Specialists Inc. worth?
- About $95.7M, roughly 5.6× its estimated EBITDA of $17.1M, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $50.4M–$131.0M.
- How many employees does Industrial Piping Specialists Inc. have?
- About 360, from its 2025 retirement-plan filing.
- When was Industrial Piping Specialists Inc. founded?
- Industrial Piping Specialists Inc. has been in business since 1986.