Metal Panels, Inc
How we got $19.4M
Based on its 50 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 25 years (since 2001)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Metal Panels Inc. is a Tulsa, OK manufacturer of metal roofing and siding products, serving the metal roofing, metal building, self-storage and post-frame industries, with builders, contractors, architects and DIY homeowners as customers.
From the company's website. Industry: Prefabricated Metal Building and Component Manufacturing.
Customers & suppliers
Suppliers & brands
- Berridge · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- TURNER ROOFING AND SHEET METAL INC · Broken Arrow, 8 mi · $32.9M
- PERFORMANCE.ROOFING INCORPORATE · Tulsa, 9 mi · $29.7M
- LEWIS ROOFING & CONSTRUCTION LLC · Tulsa, 5 mi · $15.8M
- HIGGINS & SONS ROOF TRUSS COMPANY INC · Tecumseh, 85 mi · $10.9M
- ALLWINE ROOFING & CONSTRUCTION, INC. · Tulsa, 6 mi · $10.4M
- HODGES TRANSPORTATION INC · Tulsa, 4 mi · $11.4M
- EL ARCO INC · Tulsa, 10 mi · $4.1M
- MIDWEST LOGISTICS, LLC · Tulsa, 6 mi · $2.3M
- ARLAN RECEIVING DELIVERY AND STORAGE, INC. · Tulsa, 6 mi · $2.0M
- Customized Distribution Services · Fort Gibson, 41 mi · $1.7M
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.
Employees over time
▲ 20% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 50 | $21.1M |
| 2020 | Form 5500 | 36 | $15.2M |
| 2021 | Form 5500 | 39 | $16.4M |
| 2022 | Form 5500 | 64 | $26.9M |
| 2023 | Form 5500 | 64 | $26.9M |
| 2024 | Form 5500 | 60 | $25.3M |
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 |
|---|---|---|
| METAL PANELS, INC this business | $31.4M | — |
| CRIMSON STEEL SUPPLY LLC Tulsa · 89 employees | $69.5M | 1.4 mi |
| SB SYSTEMS INC Tulsa · 2 employees | $2.1M | 1.6 mi |
| SYNERGY AEROSPACE LLC Tulsa · 6 employees | $2.2M | 1.8 mi |
| TULSA PLATE WORKS INC. Tulsa · 1 employees | $355K | 1.8 mi |
| TULSA METAL FINISHING COMPANY Tulsa · 28 employees | $11.0M | 1.8 mi |
| EMMAUS GROUP LLC Tulsa · 7 employees | $3.3M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 50 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $25.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $30.2M |
| Estimate: the two combined (geometric mean) | $31.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $3.3M |
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 | $19.4M |
| Multiple for this size and industry | 5.8× |
| Value range | $10.2M – $26.5M |
| Revenue range | $20.6M – $35.8M |
| EBITDA range | $2.2M – $3.8M |
| 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
“MPI was founded on the idea that there had to be better service and faster turnaround for you – the hard working local metal builders and contractors.”
Advisors
- BankingCommerce 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
| Commerce Bank PPP 2020 | All 113 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $567K | 50 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Metal Panels, Inc
Metal Panels, Inc is a prefabricated metal building and component manufacturing company in Tulsa, Oklahoma, in business since 2001. It is owned by Mitchell Hentkowski (President). Its estimated annual revenue is about $31.4M, with roughly $3.3M of EBITDA. It has about 60 employees. Its estimated business value is $19.4M (likely range $10.2M–$26.5M).
Common questions
- Who owns Metal Panels, Inc?
- Metal Panels, Inc is owned by Mitchell Hentkowski (President), according to public sources such as the company's website or filings.
- How much revenue does Metal Panels, Inc make?
- SeeBITDA estimates Metal Panels, Inc's annual revenue at about $31.4M (likely between $20.6M and $35.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Metal Panels, Inc worth?
- About $19.4M, roughly 5.8× its estimated EBITDA of $3.3M, typical for a prefabricated metal building and component manufacturing company its size. Likely range: $10.2M–$26.5M.
- How many employees does Metal Panels, Inc have?
- About 60, from its 2024 retirement-plan filing.
- When was Metal Panels, Inc founded?
- Metal Panels, Inc has been in business since 2001.