Mid American Steel & Wire Co., LLC
How we got $136.8M
Based on 210 employees on its 2024 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 47 years (since 1979)
- Founder still runs it after 47 years
- Headcount down 39% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Mid American Steel & Wire is a family-owned manufacturer of wire and fencing products in Madill, Oklahoma, selling agricultural fencing and industrial wire under the OKBRAND name. Its Melt Shop and Rolling Mill divisions make wire rods and coiled rebar from recycled scrap that supply its sister companies, Oklahoma Steel & Wire and Iowa Steel & Wire.
From the company's website. Industry: Iron and Steel Mills and Ferroalloy Manufacturing.
Estimated value over time
▼ 7% 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
▼ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 280 | $483.7M |
| 2020 | Form 5500 | 344 | $594.3M |
| 2021 | Form 5500 | 260 | $449.2M |
| 2022 | Form 5500 | 267 | $461.3M |
| 2023 | Form 5500 | 204 | $352.4M |
| 2024 | Form 5500 | 210 | $362.8M |
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 |
|---|---|---|
| MID AMERICAN STEEL & WIRE CO., LLC this business | $239.4M | — |
| ROFF IRON & SALES, INC. Roff · 8 employees | $10.7M | 38.2 mi |
| K & K LAUNDRY LLC Atoka · 2 employees | $2.7M | 40.5 mi |
| SHERRELL STEEL LLC Ada · 13 employees | $11.8M | 49.3 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $136.8M |
| Multiple for this size and industry | 7.9× |
| Value range | $87.5M – $246.2M |
| Employees in its retirement plan (2024 Form 5500) | 210 |
| Industry revenue per employee | $1.7M |
| Revenue = employees × revenue per employee | $239.4M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $17.3M |
| For comparison: employees reported for PPP (2020) | 280 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $191.6M – $359.2M |
| EBITDA range | $13.8M – $26.0M |
| Industry (NAICS) | Iron and Steel Mills and Ferroalloy Manufacturing (331110) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“In 1979, B. L. Moore and his brother-in-law, Robert Lockridge, founded Oklahoma Steel & Wire, located in Madill, Oklahoma, with the sole purpose of manufacturing livestock panels.”
Leadership
- DWDavid WeinandSigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- AccountingFinley & Cook, PLLCAudits its 401(k) plan (2024 filing)
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $4.7M | 280 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mid American Steel & Wire Co., LLC
Mid American Steel & Wire Co., LLC is a family-owned iron and steel mills and ferroalloy manufacturing company in Madill, Oklahoma, in business since 1979. It is owned by B. L. Moore (Founder). Its estimated annual revenue is about $239.4M, with roughly $17.3M of EBITDA. It has about 210 employees. Its estimated business value is $136.8M (likely range $87.5M–$246.2M).
Common questions
- Who owns Mid American Steel & Wire Co., LLC?
- Mid American Steel & Wire Co., LLC is owned by B. L. Moore (Founder), according to public sources such as the company's website or filings.
- How much revenue does Mid American Steel & Wire Co., LLC make?
- SeeBITDA estimates Mid American Steel & Wire Co., LLC's annual revenue at about $239.4M (likely between $191.6M and $359.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid American Steel & Wire Co., LLC worth?
- About $136.8M, roughly 7.9× its estimated EBITDA of $17.3M, typical for a iron and steel mills and ferroalloy manufacturing company its size. Likely range: $87.5M–$246.2M.
- How many employees does Mid American Steel & Wire Co., LLC have?
- About 210, from its 2024 retirement-plan filing.
- When was Mid American Steel & Wire Co., LLC founded?
- Mid American Steel & Wire Co., LLC has been in business since 1979.
- Is Mid American Steel & Wire Co., LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 47 years (since 1979); founder still runs it after 47 years; headcount down 39% since 2020 (retirement plan filings).