Midwest Crane Services, LLC
How we got $3.7M
Based on its 18 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 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Midwest Crane Services is a full service heavy lifting crane rental, rigging and machinery moving company based in Tulsa, OK. It serves industrial, energy and construction customers, and says it is Tulsa's leading crane rental provider.
From the company's website. Industry: Support Activities for Rail Transportation.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 5 mi · $33.63B
- Helmerich & Payne · Tulsa, 6 mi · $3.75B
- EXPLORER PIPELINE COMPANY · Tulsa, 10 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 9 mi · $467.8M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 5 mi · $326.8M
Estimated value over time
▲ 15% 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 |
|---|---|---|
| MIDWEST CRANE SERVICES, LLC this business | $10.0M | — |
| BASE, INC. Tulsa · 14 employees | $7.0M | 2.1 mi |
| RMC Tulsa · 1 employees | $443K | 12.1 mi |
| FRISCO MACHINE, LLC Beggs · 4 employees | $1.3M | 34.2 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.1M |
| Estimate: the two combined (geometric mean) | $10.0M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $950K |
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 | $3.7M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.9M – $5.1M |
| Revenue range | $6.6M – $11.4M |
| EBITDA range | $625K – $1.1M |
| Industry (NAICS) | Support Activities for Rail Transportation (488210) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingMabrey 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $332K | 18 |
| 1/20/2021 | second | $332K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Crane Services, LLC
Midwest Crane Services, LLC is a support activities for rail transportation company in Tulsa, Oklahoma, in business since 2005. Its estimated annual revenue is about $10.0M, with roughly $950K of EBITDA. It has about 18 employees. Its estimated business value is $3.7M (likely range $1.9M–$5.1M).
Common questions
- Who owns Midwest Crane Services, LLC?
- The owner of Midwest Crane Services, LLC 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 Midwest Crane Services, LLC make?
- SeeBITDA estimates Midwest Crane Services, LLC's annual revenue at about $10.0M (likely between $6.6M and $11.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Crane Services, LLC worth?
- About $3.7M, roughly 3.9× its estimated EBITDA of $950K, typical for a support activities for rail transportation company its size. Likely range: $1.9M–$5.1M.
- How many employees does Midwest Crane Services, LLC have?
- About 18, as reported on its PPP loan.
- When was Midwest Crane Services, LLC founded?
- Midwest Crane Services, LLC has been in business since 2005.