Interstate Steel & Metals, Inc
How we got $25.3M
Based on its 41 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 36 years (since 1990)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Interstate Steel & Metals, Inc. is a privately held steel service center in Oklahoma, serving customers since 1990, offering metal products and first-step processing services for manufacturers, fabricators and others.
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.
- Laredo Petroleum · Tulsa, 3 mi · $1.95B
- Aaon, Inc. · Tulsa, 5 mi · $1.44B
- JCL SAFETY SERVICES, LLC · Tulsa, 10 mi · $1.02B
- XCALIBER INTERNATIONAL, LTD · Pryor, 40 mi · $615.3M
- KELVION INC. · Catoosa, 14 mi · $614.3M
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
▼ 34% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 41 | $60.9M |
| 2020 | Form 5500 | 34 | $50.5M |
| 2021 | Form 5500 | 30 | $44.5M |
| 2022 | Form 5500 | 30 | $44.5M |
| 2023 | Form 5500 | 30 | $44.5M |
| 2024 | Form 5500 | 31 | $46.0M |
| 2025 | Form 5500 | 27 | $40.1M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| INTERSTATE STEEL & METALS, INC this business | $71.0M | — |
| STRESSCON, INC Tulsa · 31 employees | $55.5M | 4.0 mi |
| MANUFACTURING & PACKAGING INNOVATIONS, LLC Tulsa · 2 employees | $4.3M | 4.2 mi |
| SIGMA SALES, INC. Tulsa · 3 employees | $4.8M | 6.9 mi |
| GREAT PLAINS STAINLESS CO. Tulsa · 9 employees | $22.7M | 6.9 mi |
| DUENNER SUPPLY COMPANY Tulsa · 11 employees | $18.2M | 8.4 mi |
| ACE ALLOYS, LLC Catoosa · 8 employees | $20.9M | 11.4 mi |
The full calculation
| Employees reported to the SBA | 41 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $66.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $58.5M |
| Estimate: the two combined (geometric mean) | $71.0M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $4.9M |
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 | $25.3M |
| Multiple for this size and industry | 5.2× |
| Value range | $13.3M – $34.6M |
| Revenue range | $46.7M – $81.0M |
| EBITDA range | $3.2M – $5.5M |
| 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
“Interstate Steel & Metals began in a field under an old tin roof with two employees, Greg Moore & Bill Riley.”
Leadership
- GMGreg MooreEmployee · Company website · source
- WEWilliam E. RileySigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- BankingBOKF, 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $538K | 41 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Interstate Steel & Metals, Inc
Interstate Steel & Metals, Inc is a metal service centers and other metal merchant wholesalers company in Tulsa, Oklahoma, in business since 1990. It is owned by Bill Riley. Its estimated annual revenue is about $71.0M, with roughly $4.9M of EBITDA. It has about 27 employees. Its estimated business value is $25.3M (likely range $13.3M–$34.6M).
Common questions
- Who owns Interstate Steel & Metals, Inc?
- Interstate Steel & Metals, Inc is owned by Bill Riley, according to public sources such as the company's website or filings.
- How much revenue does Interstate Steel & Metals, Inc make?
- SeeBITDA estimates Interstate Steel & Metals, Inc's annual revenue at about $71.0M (likely between $46.7M and $81.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Interstate Steel & Metals, Inc worth?
- About $25.3M, roughly 5.2× its estimated EBITDA of $4.9M, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $13.3M–$34.6M.
- How many employees does Interstate Steel & Metals, Inc have?
- About 27, from its 2025 retirement-plan filing.
- When was Interstate Steel & Metals, Inc founded?
- Interstate Steel & Metals, Inc has been in business since 1990.