Metalform, Inc.
How we got $2.3M
Based on its 11 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 50 years (since 1976)
From public records and the company's website, not a statement that it's for sale.
What they do
Metalform, Inc. is a precision sheet metal manufacturer and fabricator in Tulsa, Oklahoma, offering quality products with quick quote response, competitive pricing, and on-time delivery. It ships product anywhere in the U.S.
From the company's website. Industry: Sheet Metal Work Manufacturing.
Estimated value over time
▲ 99% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| METALFORM, INC. this business | $4.5M | — |
| MIKE ALEXANDER COMPANY, INC. Tulsa · 39 employees | $28.1M | 0.5 mi |
| LIGHTNING WINGS INC Tulsa · 2 employees | $733K | 0.6 mi |
| ACCURATE MANUFACTURING INCORPORATED Tulsa · 38 employees | $27.2M | 1.4 mi |
| PROFESSIONAL FABRICATORS INC Tulsa · 28 employees | $23.3M | 1.4 mi |
| OVERHEAD DOOR OF TULSA RESIDENTIAL, INC. Tulsa · 44 employees | $16.9M | 3.5 mi |
| MIDWEST METALS LLC Tulsa · 6 employees | $3.2M | 3.6 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.9M |
| Estimate: the two combined (geometric mean) | $4.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $585K |
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 | $2.3M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.2M – $3.1M |
| Revenue range | $3.0M – $5.1M |
| EBITDA range | $385K – $667K |
| Industry (NAICS) | Sheet Metal Work Manufacturing (332322) |
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
“Metalform, Inc. is a small business concern incorporated in the state of Oklahoma in 1976.”
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $123K | 11 |
| 1/28/2021 | second | $123K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Metalform, Inc.
Metalform, Inc. is a sheet metal work manufacturing company in Tulsa, Oklahoma, in business since 1976. It is owned by Don Richards. Its estimated annual revenue is about $4.5M, with roughly $585K of EBITDA. It has about 11 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns Metalform, Inc.?
- Metalform, Inc. is owned by Don Richards, according to public sources such as the company's website or filings.
- How much revenue does Metalform, Inc. make?
- SeeBITDA estimates Metalform, Inc.'s annual revenue at about $4.5M (likely between $3.0M and $5.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Metalform, Inc. worth?
- About $2.3M, roughly 3.9× its estimated EBITDA of $585K, typical for a sheet metal work manufacturing company its size. Likely range: $1.2M–$3.1M.
- How many employees does Metalform, Inc. have?
- About 11, as reported on its PPP loan.
- When was Metalform, Inc. founded?
- Metalform, Inc. has been in business since 1976.