Lucas Metal Works Inc
How we got $12.9M
Based on its 32 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 36% 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 Some signs of a sale
- In business 58 years (since 1968)
From public records and the company's website, not a statement that it's for sale.
What they do
Lucas Metal Works is a manufacturer of custom steel buildings in Ochelata, Oklahoma, serving commercial, agricultural, industrial, and residential uses. It also manufactures the Ground Hog Arena Tool for riders and event groomers.
From the company's website. Industry: Prefabricated Metal Building and Component Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LUCAS METAL WORKS INC this business | $20.8M | — |
| Survival Zone Talala | $9.6M | 13.3 mi |
| RAFTER WM , L.L.C. Skiatook · 3 employees | $2.3M | 15.1 mi |
| C&C MANUFACTURING LLC Skiatook · 8 employees | $2.9M | 15.2 mi |
| DIW ENGINEERING AND FABRICATION, LLC Dewey · 12 employees | $7.7M | 15.9 mi |
| VINCE MIMS ENTERPRISES LLC Owasso · 3 employees | $2.0M | 21.5 mi |
| INDUSTRIAL MACHINE AND KITTING SERVICES, LLC Owasso · 5 employees | $1.8M | 21.7 mi |
The full calculation
| Employees reported to the SBA | 32 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.8M |
| Estimate: the two combined (geometric mean) | $20.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.2M |
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 | $12.9M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.8M – $17.6M |
| Revenue range | $13.7M – $23.8M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | Prefabricated Metal Building and Component Manufacturing (332311) |
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
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $391K | 32 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lucas Metal Works Inc
Lucas Metal Works Inc is a prefabricated metal building and component manufacturing company in Ochelata, Oklahoma, in business since 1968. It is owned by JR Prather (President). Its estimated annual revenue is about $20.8M, with roughly $2.2M of EBITDA. It has about 32 employees. Its estimated business value is $12.9M (likely range $6.8M–$17.6M).
Common questions
- Who owns Lucas Metal Works Inc?
- Lucas Metal Works Inc is owned by JR Prather (President), according to public sources such as the company's website or filings.
- How much revenue does Lucas Metal Works Inc make?
- SeeBITDA estimates Lucas Metal Works Inc's annual revenue at about $20.8M (likely between $13.7M and $23.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lucas Metal Works Inc worth?
- About $12.9M, roughly 5.8× its estimated EBITDA of $2.2M, typical for a prefabricated metal building and component manufacturing company its size. Likely range: $6.8M–$17.6M.
- How many employees does Lucas Metal Works Inc have?
- About 32, as reported on its PPP loan.
- When was Lucas Metal Works Inc founded?
- Lucas Metal Works Inc has been in business since 1968.