Mertz Manufacturing, Inc.
- Robert VickeryVice President & CFO · Web search
How we got $79.5M
Based on its 189 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
▲ 30% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 189 | $55.9M |
| 2020 | Form 5500 | 125 | $37.0M |
| 2021 | Form 5500 | 143 | $42.3M |
| 2022 | Form 5500 | 214 | $63.3M |
| 2023 | Form 5500 | 243 | $71.9M |
| 2024 | Form 5500 | 246 | $72.8M |
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 37 years (since 1989)
- Acquired by Dynamis Power Solutions, LLC (2025)
From public records and the company's website, not a statement that it's for sale.
What they do
Mertz Manufacturing builds durable, metal-fabricated products and mobilized equipment, including completely assembled products and components to supplement customers' production. It describes 90+ years of experience and says it works on trailer and skid-mounted solutions.
From the company's website. Industry: Mining Machinery and Equipment Manufacturing.
Ownership & transactions
- Acquired by Dynamis Power Solutions, LLC · Jan 2025Dynamis Power Solutions, LLC acquired the operations of Mertz Manufacturing, Inc. in Ponca City, Oklahoma, which was rebranded as Mertz Integration.Source
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MERTZ MANUFACTURING, INC. this business | $110.3M | — |
| BLISS INDUSTRIES, LLC Ponca City · 63 employees | $41.4M | 0.7 mi |
| TPS ROCK BIT INC Tonkawa · 1 employees | $754K | 11.6 mi |
| SOONER STATE PATTERN WORKS, INC. Blackwell · 8 employees | $3.3M | 13.2 mi |
| K & S ALUMINUM BOOMS INC Tonkawa · 8 employees | $4.3M | 13.3 mi |
| E-Z DRILL, INC. Perry · 65 employees | $30.7M | 31.8 mi |
| Ditch Witch Perry | $3.0M | 32.0 mi |
The full calculation
| Employees reported to the SBA | 189 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $83.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $111.7M |
| Estimate: the two combined (geometric mean) | $110.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $10.1M |
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 | $79.5M |
| Multiple for this size and industry | 7.9× |
| Value range | $41.8M – $108.7M |
| Revenue range | $72.5M – $125.7M |
| EBITDA range | $6.6M – $11.5M |
| Industry (NAICS) | Mining Machinery and Equipment Manufacturing (333131) |
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
- AccountingForvis Mazars LLPAudits its 401(k) plan (2024 filing)
- BankingEquity 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
| Equity Bank PPP 2020, PPP 2021 | All 375 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 | $3.6M | 189 |
| 2/6/2021 | second | $2.0M | 122 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mertz Manufacturing, Inc.
Mertz Manufacturing, Inc. is a mining machinery and equipment manufacturing company in Ponca City, Oklahoma, in business since 1989. It is owned by Steve Ballinger (President and CEO). Its estimated annual revenue is about $110.3M, with roughly $10.1M of EBITDA. It has about 246 employees. Its estimated business value is $79.5M (likely range $41.8M–$108.7M).
Common questions
- Who owns Mertz Manufacturing, Inc.?
- Mertz Manufacturing, Inc. is owned by Steve Ballinger (President and CEO), according to public sources such as the company's website or filings.
- How much revenue does Mertz Manufacturing, Inc. make?
- SeeBITDA estimates Mertz Manufacturing, Inc.'s annual revenue at about $110.3M (likely between $72.5M and $125.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mertz Manufacturing, Inc. worth?
- About $79.5M, roughly 7.9× its estimated EBITDA of $10.1M, typical for a mining machinery and equipment manufacturing company its size. Likely range: $41.8M–$108.7M.
- How many employees does Mertz Manufacturing, Inc. have?
- About 246, from its 2024 retirement-plan filing.
- When was Mertz Manufacturing, Inc. founded?
- Mertz Manufacturing, Inc. has been in business since 1989.