Mid America Painters, Inc
How we got $2.2M
Based on its 24 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
What they do
Mid America Painters, Inc. is a heavy equipment paint shop in Woodward, OK that applies high performance coatings to protect assets. It has served the industry since 1979.
From the company's website. Industry: Electroplating, Plating, Polishing, Anodizing, and Coloring.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- FARMERS COOPERATIVE · Carmen, 56 mi · $20.8M
- FARMERS COOPERATIVE ASSOCIATION OF VICI · Vici, 21 mi · $3.4M
Estimated value over time
▲ 0% 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 |
|---|---|---|
| MID AMERICA PAINTERS, INC this business | $3.9M | — |
| APEX MACHINE & TOOL INC Woodward · 6 employees | $1.4M | 0.1 mi |
| COMSTOCK OILFIELD SUPPLY, INC. Woodward · 11 employees | $7.6M | 0.2 mi |
| NORTHWEST BEARING & INDUSTRIAL SUPPLY INC Woodward · 9 employees | $7.0M | 0.3 mi |
| VESCO, INC Woodward · 42 employees | $31.0M | 0.6 mi |
| ULTIMATE SAFETY & SUPPLY LLC Woodward · 5 employees | $3.5M | 0.7 mi |
| KODA SERVICES, INC. Woodward · 34 employees | $12.9M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.6M |
| Estimate: the two combined (geometric mean) | $3.9M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $560K |
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 | $2.2M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.1M – $3.0M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $368K – $638K |
| Industry (NAICS) | Electroplating, Plating, Polishing, Anodizing, and Coloring (332813) |
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
- BankingThe Stock Exchange 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
| The Stock Exchange Bank PPP 2020, PPP 2021 | All 200 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 | $136K | 24 |
| 4/24/2021 | second | $136K | 24 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mid America Painters, Inc
Mid America Painters, Inc is an electroplating, plating, polishing, anodizing, and coloring company in Woodward, Oklahoma, in business since 2003. It is owned by PETE JOSEPH RILEY. Its estimated annual revenue is about $3.9M, with roughly $560K of EBITDA. It has about 24 employees. Its estimated business value is $2.2M (likely range $1.1M–$3.0M).
Common questions
- Who owns Mid America Painters, Inc?
- Mid America Painters, Inc is owned by PETE JOSEPH RILEY, according to public sources such as the company's website or filings.
- How much revenue does Mid America Painters, Inc make?
- SeeBITDA estimates Mid America Painters, Inc's annual revenue at about $3.9M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid America Painters, Inc worth?
- About $2.2M, roughly 3.9× its estimated EBITDA of $560K, typical for a electroplating, plating, polishing, anodizing, and coloring company its size. Likely range: $1.1M–$3.0M.
- How many employees does Mid America Painters, Inc have?
- About 24, as reported on its PPP loan.
- When was Mid America Painters, Inc founded?
- Mid America Painters, Inc has been in business since 2003.