Mesa Products, Inc.
How we got $232.5M
Based on its 249 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 39 years (since 1987)
From public records and the company's website, not a statement that it's for sale.
What they do
MESA Products is a supplier of cathodic protection materials and corrosion control solutions designed to eliminate rust and protect critical infrastructure.
From the company's website. Industry: Oil & gas.
Estimated value over time
▲ 9% 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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 249 | $89.8M |
| 2020 | Form 5500 | 227 | $81.9M |
| 2021 | Form 5500 | 209 | $75.4M |
| 2022 | Form 5500 | 278 | $100.3M |
| 2023 | Form 5500 | 273 | $98.5M |
| 2024 | Form 5500 | 249 | $89.8M |
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 |
|---|---|---|
| MESA PRODUCTS, INC. this business | $172.0M | — |
| Hoss Horizontal Pumps Tulsa | $1.5M | 0.1 mi |
| TK DRILLING CORP. Tulsa · 8 employees | $3.1M | 0.6 mi |
| EDWARD A EMERY TRUST Tulsa · 5 employees | $2.3M | 1.4 mi |
| CRS Proppants Tulsa | $1.5M | 1.4 mi |
| PIPEGLOVE LLC Tulsa · 61 employees | $21.1M | 1.5 mi |
| MARSHALLCLARK LLC Tulsa · 1 employees | $657K | 1.6 mi |
The full calculation
| Employees reported to the SBA | 249 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $137.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $165.1M |
| Estimate: the two combined (geometric mean) | $172.0M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $34.2M |
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 | $232.5M |
| Multiple for this size and industry | 6.8× |
| Value range | $122.4M – $318.2M |
| Revenue range | $113.2M – $196.1M |
| EBITDA range | $22.5M – $39.0M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
Advisors
- AccountingWilsey Meyer Eatmon Tate PLLCAudits its 401(k) plan (2024 filing)
- BankingBOKF, 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 PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $4.5M | 249 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mesa Products, Inc.
Mesa Products, Inc. is an oil & gas company in Tulsa, Oklahoma, in business since 1987. Its estimated annual revenue is about $172.0M, with roughly $34.2M of EBITDA. It has about 249 employees. Its estimated business value is $232.5M (likely range $122.4M–$318.2M).
Common questions
- Who owns Mesa Products, Inc.?
- The owner of Mesa Products, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Mesa Products, Inc. make?
- SeeBITDA estimates Mesa Products, Inc.'s annual revenue at about $172.0M (likely between $113.2M and $196.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mesa Products, Inc. worth?
- About $232.5M, roughly 6.8× its estimated EBITDA of $34.2M, typical for a oil & gas company its size. Likely range: $122.4M–$318.2M.
- How many employees does Mesa Products, Inc. have?
- About 249, from its 2024 retirement-plan filing.
- When was Mesa Products, Inc. founded?
- Mesa Products, Inc. has been in business since 1987.