Martens Machine Shop, LLC
How we got $2.0M
Based on its 9 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 52 years (since 1974)
- Family in the business (Lori Martens, Owner)
From public records and the company's website, not a statement that it's for sale.
What they do
Martens Machine Shop offers welding and repair, machining, metal working, hydraulic repair and sales, and retail components. It serves customers with machining and welding services along with fluid power repairs and sales.
From the company's website. Industry: Service Establishment Equipment and Supplies Merchant Wholesalers.
Estimated value over time
▲ 37% 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
▲ 178% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 9 | $6.4M |
| 2024 | Form 5500 | 19 | $13.5M |
| 2025 | Form 5500 | 25 | $17.8M |
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 |
|---|---|---|
| MARTENS MACHINE SHOP, LLC this business | $7.5M | — |
| S. L. SCHROEDER TRUCKING INC Cleo Springs · 1 employees | $1.4M | 8.7 mi |
| STURGEON'S CORNER LLC Meno · 7 employees | $5.3M | 18.5 mi |
| LATITUDE EQUIPMENT LLC Dacoma · 1 employees | $1.5M | 26.7 mi |
| P&K EQUIPMENT, INC Enid · 417 employees | $616.1M | 33.6 mi |
| P & K MIDWEST Enid · 212 employees | $313.2M | 33.6 mi |
| J&M EQUIPMENT LLC Omega · 2 employees | $1.9M | 33.7 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.9M |
| Estimate: the two combined (geometric mean) | $7.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $555K |
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 | $2.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.1M – $2.7M |
| Revenue range | $5.0M – $8.6M |
| EBITDA range | $365K – $633K |
| Industry (NAICS) | Service Establishment Equipment and Supplies Merchant Wholesalers (423850) |
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
“In the fall of 1974, after moving houses for 25 years as Martens Brothers House Movers, Henry Martens and his eldest son, John Martens, started Martens Machine Shop.”
Leadership
- LMLori MartensOwner · Company website · source
- JMJake MartensOwner · Company website · source
- SMStephanie MartensOwner · Company website · source
Advisors
- BankingCommunity National Bank of Okarche, BOKF, 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 7(a) 2026 | All 2,399 borrowers → |
| Community National Bank of Okarche PPP 2020 | All 63 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $72K | 9 |
Public records
| Nov 2025 | 7(a) | $2.2M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Martens Machine Shop, LLC
Martens Machine Shop, LLC is a family-owned service establishment equipment and supplies merchant wholesalers company in Fairview, Oklahoma, in business since 1974. It is owned by Paul Martens. Its estimated annual revenue is about $7.5M, with roughly $555K of EBITDA. It has about 25 employees. Its estimated business value is $2.0M (likely range $1.1M–$2.7M).
Common questions
- Who owns Martens Machine Shop, LLC?
- Martens Machine Shop, LLC is owned by Paul Martens, according to public sources such as the company's website or filings.
- How much revenue does Martens Machine Shop, LLC make?
- SeeBITDA estimates Martens Machine Shop, LLC's annual revenue at about $7.5M (likely between $5.0M and $8.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Martens Machine Shop, LLC worth?
- About $2.0M, roughly 3.6× its estimated EBITDA of $555K, typical for a service establishment equipment and supplies merchant wholesalers company its size. Likely range: $1.1M–$2.7M.
- How many employees does Martens Machine Shop, LLC have?
- About 25, from its 2025 retirement-plan filing.
- When was Martens Machine Shop, LLC founded?
- Martens Machine Shop, LLC has been in business since 1974.