Lormar Reclamation Service LLC
- Robert PicekFounder · Company website
How we got $1.2M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 13% 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.
What we know
Signs of a sale Likely to sell
- In business 41 years (since 1985)
- 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
Lormar Reclamation Service provides turnkey coolant management and mobile on-site filtration services for demanding industrial facilities. It serves industrial customers seeking to reduce fluid waste, control costs and extend fluid life.
From the company's website. Industry: Consulting.
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $3.0M
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- LSB INDUSTRIES, INC · Oklahoma City, 28 mi · $615.2M
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 33 mi · $339.7M
- SOUTHWESTERN WIRE INC · Norman, 12 mi · $312.5M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 35 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 29 mi · $232.1M
- MERCER VALVE CO., INC. · Oklahoma City, 29 mi · $232.1M
- ALLIANCE STEEL, INC. · Oklahoma City, 26 mi · $192.0M
- MTM RECOGNITION CORPORATION · Oklahoma City, 19 mi · $159.3M
- PELCO PRODUCTS, INC. · Edmond, 32 mi · $81.2M
- KEYMIAEE AERO-TECH, INC. · Oklahoma City, 21 mi · $80.0M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LORMAR RECLAMATION SERVICE LLC this business | $2.0M | — |
| INNOVATION UNLIMITED CONSULTING LLC Norman · 1 employees | $454K | 2.7 mi |
| ARROW ALLIANCE INDUSTRIES LLC Norman · 12 employees | $3.4M | 2.7 mi |
| COMMUNICATIONS SYSTEMS RESEARCH GROUP LLC Norman · 5 employees | $1.8M | 2.8 mi |
| Weber & Associates Norman | $2.0M | 4.4 mi |
| LEAH DEES Norman · 1 employees | $316K | 5.5 mi |
| DRAGON'S HEAD CONSULTING LLC Norman · 2 employees | $1.1M | 6.2 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.5M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $394K |
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 | $1.2M |
| Multiple for this size and industry | 3× |
| Value range | $622K – $1.6M |
| Revenue range | $1.3M – $2.3M |
| EBITDA range | $259K – $449K |
| Industry (NAICS) | Other Scientific and Technical Consulting Services (541690) |
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
Advisors
- BankingBank of America, 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
| Bank of America, National Association PPP 2020 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/10/2020 | first | $63K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lormar Reclamation Service LLC
Lormar Reclamation Service LLC is a family-owned consulting company in Norman, Oklahoma, in business since 1985. It is owned by Will Broom. Its estimated annual revenue is about $2.0M, with roughly $394K of EBITDA. It has about 7 employees. Its estimated business value is $1.2M (likely range $622K–$1.6M).
Common questions
- Who owns Lormar Reclamation Service LLC?
- Lormar Reclamation Service LLC is owned by Will Broom, according to public sources such as the company's website or filings.
- How much revenue does Lormar Reclamation Service LLC make?
- SeeBITDA estimates Lormar Reclamation Service LLC's annual revenue at about $2.0M (likely between $1.3M and $2.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lormar Reclamation Service LLC worth?
- About $1.2M, roughly 3× its estimated EBITDA of $394K, typical for a consulting company its size. Likely range: $622K–$1.6M.
- How many employees does Lormar Reclamation Service LLC have?
- About 7, as reported on its PPP loan.
- When was Lormar Reclamation Service LLC founded?
- Lormar Reclamation Service LLC has been in business since 1985.
- Is Lormar Reclamation Service LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 41 years (since 1985); no family successor named on its website.