Midcentral Energy Holdings LLC
How we got $96.9M
Based on its 153 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 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
MidCentral Energy provides asset performance management, completions rig up solutions, and repair and maintenance of completions equipment to help customers maximize uptime and operational efficiency.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
Estimated value over time
▼ 13% 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 |
|---|---|---|
| MIDCENTRAL ENERGY HOLDINGS LLC this business | $134.5M | — |
| EMKADE DISTRIBUTION (USA) INC. Oklahoma City · 3 employees | $3.5M | 2.2 mi |
| ORTCO INCORPORATED Oklahoma City · 17 employees | $13.0M | 2.9 mi |
| ELLIS MFG CO INC Oklahoma City · 16 employees | $8.7M | 3.0 mi |
| MURRPHY PRODUCTS, INC. Oklahoma City · 18 employees | $11.1M | 3.0 mi |
| J. P. MACHINE & TOOL COMPANY Oklahoma City · 5 employees | $3.3M | 3.3 mi |
| LEWIS MANUFACTURING COMPANY LLC Oklahoma City · 32 employees | $23.1M | 3.3 mi |
The full calculation
| Employees reported to the SBA | 153 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $114.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $121.7M |
| Estimate: the two combined (geometric mean) | $134.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $12.3M |
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 | $96.9M |
| Multiple for this size and industry | 7.9× |
| Value range | $51.0M – $132.6M |
| Revenue range | $88.5M – $153.3M |
| EBITDA range | $8.1M – $14.0M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
“Kristian founded MidCentral in 2010 with a vision to revolutionize energy efficiency.”
Leadership
- JLJustin LovenChief Operating Officer · Company website · source
- JHJoe HorganVice President - Operations · Company website · source
- LCLoretta Canon, SHRM-SCPHuman Resources Director · Company website · source
- DSDoug Satterfield, CSPHSE Director · Company website · source
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $2.5M | 153 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midcentral Energy Holdings LLC
Midcentral Energy Holdings LLC is an oil and gas field machinery and equipment manufacturing company in Oklahoma City, Oklahoma, in business since 2010. It is owned by Kristian Kos (CEO). Its estimated annual revenue is about $134.5M, with roughly $12.3M of EBITDA. It has about 153 employees. Its estimated business value is $96.9M (likely range $51.0M–$132.6M).
Common questions
- Who owns Midcentral Energy Holdings LLC?
- Midcentral Energy Holdings LLC is owned by Kristian Kos (CEO), according to public sources such as the company's website or filings.
- How much revenue does Midcentral Energy Holdings LLC make?
- SeeBITDA estimates Midcentral Energy Holdings LLC's annual revenue at about $134.5M (likely between $88.5M and $153.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midcentral Energy Holdings LLC worth?
- About $96.9M, roughly 7.9× its estimated EBITDA of $12.3M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $51.0M–$132.6M.
- How many employees does Midcentral Energy Holdings LLC have?
- About 153, as reported on its PPP loan.
- When was Midcentral Energy Holdings LLC founded?
- Midcentral Energy Holdings LLC has been in business since 2010.