Mid-States Wholesale Lumber Co.
How we got $8.4M
Based on its 30 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 36 years (since 1990)
- Acquired by Snavely Forest Products (2022)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Snavely Forest Products · Dec 2022Snavely Forest Products acquired Mid-States Wholesale Lumber Company, an Oklahoma City business, with the deal announced December 13, 2022.Source
Estimated value over time
▲ 50% 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
▼ 40% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 30 | $36.6M |
| 2022 | Form 5500 | 18 | $22.0M |
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-STATES WHOLESALE LUMBER CO. this business | $28.7M | — |
| BASEYS ROOFING & SHEET METAL INC. Oklahoma City · 7 employees | $6.0M | 1.0 mi |
| REDWOOD PRODUCTS OF OKLAHOMA Oklahoma City · 2 employees | $2.2M | 1.2 mi |
| CONSOLIDATED BUILDERS SUPPLY, INC. Oklahoma City · 29 employees | $28.5M | 1.2 mi |
| ALL AMERICAN BUILDING PRODUCTS INC Oklahoma City · 6 employees | $7.3M | 1.6 mi |
| THE LUMBER SHED Oklahoma City · 15 employees | $15.9M | 1.9 mi |
| MIDWEST FLOORING INSTALLATION, LLC Oklahoma City · 37 employees | $59.0M | 1.9 mi |
The full calculation
| Employees reported to the SBA | 30 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $35.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.1M |
| Estimate: the two combined (geometric mean) | $28.7M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $2.0M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 21% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $8.4M |
| Multiple for this size and industry | 4.3× |
| Value range | $5.1M – $13.2M |
| Revenue range | $21.5M – $37.3M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (423310) |
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
- BankingShamrock Bank, 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
| Shamrock Bank, National Association PPP 2020 | All 130 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 | $260K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mid-States Wholesale Lumber Co.
Mid-States Wholesale Lumber Co. is a lumber, plywood, millwork, and wood panel merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1990. Its estimated annual revenue is about $28.7M, with roughly $2.0M of EBITDA. It has about 18 employees. Its estimated business value is $8.4M (likely range $5.1M–$13.2M).
Common questions
- Who owns Mid-States Wholesale Lumber Co.?
- The owner of Mid-States Wholesale Lumber Co. 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 Mid-States Wholesale Lumber Co. make?
- SeeBITDA estimates Mid-States Wholesale Lumber Co.'s annual revenue at about $28.7M (likely between $21.5M and $37.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid-States Wholesale Lumber Co. worth?
- About $8.4M, roughly 4.3× its estimated EBITDA of $2.0M, typical for a lumber, plywood, millwork, and wood panel merchant wholesalers company its size. Likely range: $5.1M–$13.2M.
- How many employees does Mid-States Wholesale Lumber Co. have?
- About 18, from its 2022 retirement-plan filing.
- When was Mid-States Wholesale Lumber Co. founded?
- Mid-States Wholesale Lumber Co. has been in business since 1990.