Midwest Precision Inc
How we got $19.4M
Based on its 81 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Midwest Precision, Inc. is a Tulsa, Oklahoma precision metal fabrication company offering cutting, forming, welding, and machining services. It serves customers needing low to high volume and blanket orders of fabricated metal products.
From the company's website. Industry: Sheet Metal Work Manufacturing.
Customers & suppliers
Customers
- Caterpillar · named on its website
Estimated value over time
▲ 99% 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
▼ 17% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 81 | $25.2M |
| 2020 | Form 5500 | 86 | $26.8M |
| 2021 | Form 5500 | 68 | $21.2M |
| 2022 | Form 5500 | 60 | $18.7M |
| 2023 | Form 5500 | 70 | $21.8M |
| 2024 | Form 5500 | 69 | $21.5M |
| 2025 | Form 5500 | 67 | $20.8M |
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 |
|---|---|---|
| MIDWEST PRECISION INC this business | $31.4M | — |
| ALLEN SHEET METAL INC Tulsa · 8 employees | $2.9M | 1.2 mi |
| CUSTOM METAL WORKS, LLC Tulsa · 8 employees | $4.6M | 1.4 mi |
| SB SYSTEMS INC Tulsa · 2 employees | $2.1M | 1.5 mi |
| CRIMSON STEEL SUPPLY LLC Tulsa · 89 employees | $69.5M | 1.9 mi |
| OVERHEAD DOOR OF TULSA RESIDENTIAL, INC. Tulsa · 44 employees | $16.9M | 2.4 mi |
| A-1 SHEET METAL, INC. Tulsa · 29 employees | $23.0M | 2.8 mi |
The full calculation
| Employees reported to the SBA | 81 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $31.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.3M |
| Estimate: the two combined (geometric mean) | $31.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $3.4M |
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 | $19.4M |
| Multiple for this size and industry | 5.8× |
| Value range | $10.2M – $26.6M |
| Revenue range | $20.7M – $35.9M |
| EBITDA range | $2.2M – $3.8M |
| Industry (NAICS) | Sheet Metal Work Manufacturing (332322) |
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
History & advisors
“Our History – Midwest Precision, Inc. began in a garage as a small family-owned company named Miller Manufacturing.”
Advisors
- BankingFirst Oklahoma 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
| First Oklahoma Bank PPP 2020, PPP 2021 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $759K | 68 |
| 1/25/2021 | second | $700K | 81 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Precision Inc
Midwest Precision Inc is a sheet metal work manufacturing company in Tulsa, Oklahoma, in business since 1998. It is owned by Brian R Miller (President). Its estimated annual revenue is about $31.4M, with roughly $3.4M of EBITDA. It has about 67 employees. Its estimated business value is $19.4M (likely range $10.2M–$26.6M).
Common questions
- Who owns Midwest Precision Inc?
- Midwest Precision Inc is owned by Brian R Miller (President), according to public sources such as the company's website or filings.
- How much revenue does Midwest Precision Inc make?
- SeeBITDA estimates Midwest Precision Inc's annual revenue at about $31.4M (likely between $20.7M and $35.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Precision Inc worth?
- About $19.4M, roughly 5.8× its estimated EBITDA of $3.4M, typical for a sheet metal work manufacturing company its size. Likely range: $10.2M–$26.6M.
- How many employees does Midwest Precision Inc have?
- About 67, from its 2025 retirement-plan filing.
- When was Midwest Precision Inc founded?
- Midwest Precision Inc has been in business since 1998.