Industrial Rubber, Inc.
How we got $46.6M
Based on its 31 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Industrial Rubber, Inc. is a leader in Oilfield Manufacturing. It partners with oilfield service companies and supplies them with casing equipment for the oil and gas industry's Well Construction segment.
From the company's website. Industry: All Other Petroleum and Coal Products Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 18 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 18 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 11 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 11 mi · $651.7M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 10 mi · $557.8M
Estimated value over time
▲ 23% 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
▲ 13% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $51.3M |
| 2020 | Form 5500 | 31 | $51.3M |
| 2021 | Form 5500 | 30 | $49.6M |
| 2022 | Form 5500 | 30 | $49.6M |
| 2023 | Form 5500 | 34 | $56.2M |
| 2024 | Form 5500 | 34 | $56.2M |
| 2025 | Form 5500 | 35 | $57.9M |
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 |
|---|---|---|
| INDUSTRIAL RUBBER, INC. this business | $68.8M | — |
| IRIS HILLS ENTERPRISES, INC. Oklahoma City · 26 employees | $37.3M | 1.5 mi |
| TK7 PRODUCTS LLC Oklahoma City · 2 employees | $3.6M | 2.6 mi |
| STEPHENSON LAND SERVICES LLC Oklahoma City · 1 employees | $2.8M | 5.2 mi |
| THE TURBULATOR CO., LLC Oklahoma City · 8 employees | $25.5M | 6.1 mi |
| ATLAS ASPHALT PRODUCTS, INC. Oklahoma City · 12 employees | $20.5M | 8.5 mi |
| SCHWARZ ASPHALT, L.L.C. Oklahoma City · 13 employees | $20.5M | 8.6 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $44.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $82.2M |
| Estimate: the two combined (geometric mean) | $68.8M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $7.2M |
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 | $46.6M |
| Multiple for this size and industry | 6.5× |
| Value range | $24.5M – $63.7M |
| Revenue range | $45.3M – $78.5M |
| EBITDA range | $4.7M – $8.2M |
| Industry (NAICS) | All Other Petroleum and Coal Products Manufacturing (324199) |
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. 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
- 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 |
|---|---|---|---|
| 4/9/2020 | first | $855K | 31 |
| 1/26/2021 | second | $735K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Industrial Rubber, Inc.
Industrial Rubber, Inc. is an all other petroleum and coal products manufacturing company in Oklahoma City, Oklahoma, in business since 1997. Its estimated annual revenue is about $68.8M, with roughly $7.2M of EBITDA. It has about 35 employees. Its estimated business value is $46.6M (likely range $24.5M–$63.7M).
Common questions
- Who owns Industrial Rubber, Inc.?
- The owner of Industrial Rubber, 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 Rubber, Inc. make?
- SeeBITDA estimates Industrial Rubber, Inc.'s annual revenue at about $68.8M (likely between $45.3M and $78.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Industrial Rubber, Inc. worth?
- About $46.6M, roughly 6.5× its estimated EBITDA of $7.2M, typical for a all other petroleum and coal products manufacturing company its size. Likely range: $24.5M–$63.7M.
- How many employees does Industrial Rubber, Inc. have?
- About 35, from its 2025 retirement-plan filing.
- When was Industrial Rubber, Inc. founded?
- Industrial Rubber, Inc. has been in business since 1997.