SeeBITDAOklahoma

Johnston Test Cell Group LLC

Fabricated Structural Metal Manufacturing
Estimated valueMedium confidence
$1.4M
$815Klikely range$2.1M
About 3.2× its yearly EBITDA, typical for a company this size in its industry.
Revenue
$3.3M
a year
EBITDA
$424K
13% of revenue
Employees
4
reported in 2020
Leadership
Edward Johnston
Founder · source
Some signs of a sale
  • Stephen Johnston
    Leader (has led the company since Edward Johnston's death in · Company website

How we got $1.4M

Based on 4 employees reported for PPP in 2020, grown 8% a year since.

4 employees (PPP loan, 2020)4
× 1.63 growth (8% a year since 2020)7 today
× $500K revenue per employee (fabricated structural metal manufacturing)$3.3M
× 13% EBITDA margin$424K
× 3.2 sale multiple = value$1.4M

Own this business? Correct these figures

Estimated value over time

▲ 103% since 2020
$0$781K$1.6M20202026

Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.

What we know

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

Signs of a sale Some signs of a sale

  • In business 24 years (since 2002)
  • Founder still runs it after 24 years
  • Family in the business (Stephen Johnston, Leader (has led the company since Edward Johnston's death in)

From public records and the company's website, not a statement that it's for sale.

What they do

Johnston Test Cell Group designs, fabricates, builds, inspects and maintains hush houses, test cells and noise suppressors for jet engine testing, serving US military and commercial customers.

Products & services
Consulting & DesignFabrication & ManufacturingConstruction & ErectionRepair & Maintenancehush housetest cellnoise suppressorjet engine test cellaircraft acoustical enclosurerun-up padtest standtest cab
Markets served
US MilitaryCommercialInternational
Service area
USInternational

From the company's website. Industry: Fabricated Structural Metal Manufacturing.

Customers & suppliers

Customers

  • US Navy · named on its website
  • USAF · named on its website

Compared with similar businesses nearby

BusinessEst. revenueEst. EBITDADistance
JOHNSTON TEST CELL GROUP LLC
this business
$3.3M$424K—
PREMIERCRAFT, INCORPORATED
Oklahoma City · 10 employees
$5.1M$581K0.1 mi
APOLLO ORNAMENTAL IRON, L.L.C.
Oklahoma City · 7 employees
$3.2M$421K1.1 mi
Awnique
Oklahoma City
$9.6M$659K1.1 mi
M & M FABRICATION & SERVICES INC
Oklahoma City · 6 employees
$2.9M$373K2.3 mi
MBCI
Oklahoma City
$1.3M$171K2.4 mi
PRECISION METAL FORMING, L.L.C.
Oklahoma City · 17 employees
$8.1M$929K2.8 mi

Ranges & sources

Revenue range$2.4M – $4.2M
EBITDA range$318K – $552K
Industry (NAICS)Fabricated Structural Metal Manufacturing (332312)
Value range$815K – $2.1M

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

Founded 2002 by Edward Johnston
“In 2002, Johnston Test Cell was founded by Edward Johnston, and acquired the assets of both predecessor companies.”

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

ApprovedDrawAmountForgivenJobsLender
4/6/2020first$45K$46K4BancFirst
3/18/2021second$51K$51K4BancFirst

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Johnston Test Cell Group LLC

Johnston Test Cell Group LLC is a fabricated structural metal manufacturing company in Oklahoma City, Oklahoma, in business since 2002. It is owned by Edward Johnston (Founder). Its estimated annual revenue is about $3.3M, with roughly $424K of EBITDA. It has about 4 employees. Its estimated business value is $1.4M (likely range $815K–$2.1M).

Common questions

Who owns Johnston Test Cell Group LLC?
Johnston Test Cell Group LLC is owned by Edward Johnston (Founder), according to public sources such as the company's website or filings.
How much revenue does Johnston Test Cell Group LLC make?
SeeBITDA estimates Johnston Test Cell Group LLC's annual revenue at about $3.3M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Johnston Test Cell Group LLC worth?
About $1.4M, roughly 3.2× its estimated EBITDA of $424K, typical for a fabricated structural metal manufacturing company its size. Likely range: $815K–$2.1M.
How many employees does Johnston Test Cell Group LLC have?
About 4, as reported on its PPP loan.
When was Johnston Test Cell Group LLC founded?
Johnston Test Cell Group LLC has been in business since 2002.