Mcelroy Manufacturing Inc
How we got $141.9M
Based on its 313 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.
Employees over time
▲ 67% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 313 | $106.4M |
| 2020 | Form 5500 | 315 | $107.1M |
| 2021 | Form 5500 | 366 | $124.5M |
| 2022 | Form 5500 | 415 | $141.1M |
| 2023 | Form 5500 | 481 | $163.6M |
| 2024 | Form 5500 | 522 | $177.5M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 31 years (since 1995)
From public records and the company's website, not a statement that it's for sale.
What they do
McElroy Manufacturing, Inc. builds pipe fusion equipment for thermoplastic pipe installations and finned tube manufacturing equipment for air cooler and heat exchanger applications.
From the company's website. Industry: All Other Industrial Machinery Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MCINTOSH CORPORATION · Tulsa, 5 mi · $105.6M
- AIRCO SERVICES INC · Tulsa, 7 mi · $88.4M
- PLATINUM MECHANICAL, LLC · Tulsa, 5 mi · $49.6M
- AIR ASSURANCE ACQUISITION CO · Broken Arrow, 9 mi · $39.9M
- Kinty Jones Heating & Cooling · Broken Arrow, 11 mi · $22.5M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MCELROY MANUFACTURING INC this business | $196.9M | — |
| HOLLY SALES & SERVICE, INC. Tulsa · 2 employees | $1.0M | 1.4 mi |
| J-B-W MFG CO INC Tulsa · 2 employees | $1.4M | 6.4 mi |
| JENSEN MIXERS INTERNATIONAL, INC Tulsa · 41 employees | $24.0M | 6.5 mi |
| INFINITE COMPOSITES INC Tulsa · 17 employees | $5.7M | 6.6 mi |
| REALTIME AUTOMATION INC Broken Arrow · 4 employees | $2.8M | 9.9 mi |
| TULSA COMBUSTION, LLC Sand Springs · 15 employees | $5.5M | 10.7 mi |
The full calculation
| Employees reported to the SBA | 313 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $154.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $192.8M |
| Estimate: the two combined (geometric mean) | $196.9M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $18.0M |
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 | $141.9M |
| Multiple for this size and industry | 7.9× |
| Value range | $74.7M – $194.1M |
| Revenue range | $129.6M – $224.6M |
| EBITDA range | $11.8M – $20.5M |
| Industry (NAICS) | All Other Industrial Machinery Manufacturing (333248) |
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. 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
- AccountingHogan Taylor LLPAudits its 401(k) plan (2024 filing)
- BankingMabrey 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
| Mabrey Bank PPP 2020 | All 851 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 | $5.1M | 313 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mcelroy Manufacturing Inc
Mcelroy Manufacturing Inc is an all other industrial machinery manufacturing company in Tulsa, Oklahoma, in business since 1995. It is owned by Donna Dutton (Executive Vice President: Chief Financial Officer). Its estimated annual revenue is about $196.9M, with roughly $18.0M of EBITDA. It has about 522 employees. Its estimated business value is $141.9M (likely range $74.7M–$194.1M).
Common questions
- Who owns Mcelroy Manufacturing Inc?
- Mcelroy Manufacturing Inc is owned by Donna Dutton (Executive Vice President: Chief Financial Officer), according to public sources such as the company's website or filings.
- How much revenue does Mcelroy Manufacturing Inc make?
- SeeBITDA estimates Mcelroy Manufacturing Inc's annual revenue at about $196.9M (likely between $129.6M and $224.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mcelroy Manufacturing Inc worth?
- About $141.9M, roughly 7.9× its estimated EBITDA of $18.0M, typical for a all other industrial machinery manufacturing company its size. Likely range: $74.7M–$194.1M.
- How many employees does Mcelroy Manufacturing Inc have?
- About 522, from its 2024 retirement-plan filing.
- When was Mcelroy Manufacturing Inc founded?
- Mcelroy Manufacturing Inc has been in business since 1995.