Industrial Truck Equipment, Inc.
- Randy SullinsCo-Owner · Company website
- Joe HallBody Shop Manager · Company website
- Rolla BreedloveService Manager · Company website
- Dwight AndersonSales Manager · Company website
- Devin DunnamMunicipal / Government Sales · Company website
How we got $5.5M
Based on its 21 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 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Industrial Truck Equipment is an Oklahoma City business selling and servicing truck-mounted equipment, including snow and ice equipment, dump trucks, cranes, and fire and rescue vehicles, with a paint and body shop for fleets, municipalities, and individuals.
From the company's website. Industry: Industrial Machinery and Equipment Merchant Wholesalers.
Customers & suppliers
Customers
- City of Sikeston · named on its website
Suppliers & brands
- Viking-Cives · brand it sells or installs
- Whelen · brand it sells or installs
- Soundoff · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- CLAIMS MANAGEMENT RESOURCES · Oklahoma City, 5 mi · $84.4M
- NIEMANN AND ASSOCIATES, LLC · Oklahoma City, 11 mi · $64.7M
- AUTO ADVANTAGE FINANCE LLC · Oklahoma City, 4 mi · $57.5M
- NATIONAL STUDENT SERVICES, INC. · Stillwater, 55 mi · $38.5M
- KIRK FUQUA INSURANCE AGENCY INC · Edmond, 16 mi · $20.1M
Estimated value over time
▲ 34% 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 TRUCK EQUIPMENT, INC. this business | $10.4M | — |
| SOONER SCALE INC Oklahoma City · 14 employees | $4.4M | 3.0 mi |
| DOUBLE LIFE CORPORATION INC. Oklahoma City · 14 employees | $8.7M | 3.2 mi |
| HYDRAULIC EQUIPMENT COMPANY INC. Oklahoma City · 4 employees | $5.1M | 3.4 mi |
| WILKIE MFG., L.L.C. Oklahoma City · 14 employees | $5.7M | 3.8 mi |
| IMAK INDUSTRIAL SOLUTIONS LLC Oklahoma City · 1 employees | $376K | 4.6 mi |
| ORIGIN RESOUCE GROUP HOLDINGS, LLC Oklahoma City · 8 employees | $7.2M | 5.4 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.9M |
| Estimate: the two combined (geometric mean) | $10.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.5M |
| Multiple for this size and industry | 4.7× |
| Value range | $2.9M – $7.5M |
| Revenue range | $6.9M – $11.9M |
| EBITDA range | $769K – $1.3M |
| Industry (NAICS) | Industrial Machinery and Equipment Merchant Wholesalers (423830) |
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
“Established in 2005 by Larry Rose and Randy Sullins, Industrial Truck Equipment began changing the industry by becoming Oklahoma's #1 service truck refurbishing company.”
Advisors
- BankingRCB 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
| RCB Bank PPP 2020, PPP 2021 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $254K | 21 |
| 1/25/2021 | second | $211K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Industrial Truck Equipment, Inc.
Industrial Truck Equipment, Inc. is an industrial machinery and equipment merchant wholesalers company in Oklahoma City, Oklahoma, in business since 2005. It is owned by Larry Rose (Co-Owner). Its estimated annual revenue is about $10.4M, with roughly $1.2M of EBITDA. It has about 21 employees. Its estimated business value is $5.5M (likely range $2.9M–$7.5M).
Common questions
- Who owns Industrial Truck Equipment, Inc.?
- Industrial Truck Equipment, Inc. is owned by Larry Rose (Co-Owner), according to public sources such as the company's website or filings.
- How much revenue does Industrial Truck Equipment, Inc. make?
- SeeBITDA estimates Industrial Truck Equipment, Inc.'s annual revenue at about $10.4M (likely between $6.9M and $11.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Industrial Truck Equipment, Inc. worth?
- About $5.5M, roughly 4.7× its estimated EBITDA of $1.2M, typical for a industrial machinery and equipment merchant wholesalers company its size. Likely range: $2.9M–$7.5M.
- How many employees does Industrial Truck Equipment, Inc. have?
- About 21, as reported on its PPP loan.
- When was Industrial Truck Equipment, Inc. founded?
- Industrial Truck Equipment, Inc. has been in business since 2005.