Midwest Urethane Processing Co Inc
How we got $1.4M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 44 years (since 1982)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Midwest Urethane Processing Co Inc makes the Waffle Seal, a urethane internal floating roof secondary seal for the oil and gas and chemical storage industry, in operation since 1982.
From the company's website. Industry: Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 6 mi · $33.63B
- Helmerich & Payne · Tulsa, 5 mi · $3.75B
- EXPLORER PIPELINE COMPANY · Tulsa, 5 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 4 mi · $467.8M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 6 mi · $326.8M
- HODGES TRANSPORTATION INC · Tulsa, 12 mi · $11.4M
- EL ARCO INC · Tulsa, 8 mi · $4.1M
- ARLAN RECEIVING DELIVERY AND STORAGE, INC. · Tulsa, 10 mi · $2.0M
- Customized Distribution Services · Fort Gibson, 49 mi · $1.7M
- United Warehouse · Tulsa, 13 mi · $1.7M
Estimated value over time
▲ 27% 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 URETHANE PROCESSING CO INC this business | $2.9M | — |
| DIEHL AERO-NAUTICAL CO Jenks · 7 employees | $3.6M | 4.1 mi |
| OKLAHOMA PLASTIC ENTERPRISES Sapulpa · 4 employees | $2.7M | 4.9 mi |
| WASSCO CORPORATION Tulsa · 6 employees | $6.7M | 5.5 mi |
| DIVERSIFIED PLASTICS INDUSTRIES, LLC Sand Springs · 5 employees | $2.0M | 7.2 mi |
| GLOBAL URETHANE, INC Tulsa · 2 employees | $1.3M | 7.3 mi |
| HIGHER HANGERS LLC Tulsa · 1 employees | $913K | 7.5 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.9M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $462K |
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 | $1.4M |
| Multiple for this size and industry | 3× |
| Value range | $730K – $1.9M |
| Revenue range | $1.9M – $3.3M |
| EBITDA range | $304K – $527K |
| Industry (NAICS) | Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing (326113) |
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
“Started in 1982, in the United States, Midwest Urethane Inc., was built with an idea of how to make things better in our industry.”
Advisors
- BankingThe Central Trust 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
| The Central Trust Bank PPP 2020, PPP 2021 | All 323 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $41K | 6 |
| 3/8/2021 | second | $37K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Urethane Processing Co Inc
Midwest Urethane Processing Co Inc is an unlaminated plastics film and sheet (except packaging) manufacturing company in Tulsa, Oklahoma, in business since 1982. It is owned by Walter Parks (President). Its estimated annual revenue is about $2.9M, with roughly $462K of EBITDA. It has about 6 employees. Its estimated business value is $1.4M (likely range $730K–$1.9M).
Common questions
- Who owns Midwest Urethane Processing Co Inc?
- Midwest Urethane Processing Co Inc is owned by Walter Parks (President), according to public sources such as the company's website or filings.
- How much revenue does Midwest Urethane Processing Co Inc make?
- SeeBITDA estimates Midwest Urethane Processing Co Inc's annual revenue at about $2.9M (likely between $1.9M and $3.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Urethane Processing Co Inc worth?
- About $1.4M, roughly 3× its estimated EBITDA of $462K, typical for a unlaminated plastics film and sheet (except packaging) manufacturing company its size. Likely range: $730K–$1.9M.
- How many employees does Midwest Urethane Processing Co Inc have?
- About 6, as reported on its PPP loan.
- When was Midwest Urethane Processing Co Inc founded?
- Midwest Urethane Processing Co Inc has been in business since 1982.
- Is Midwest Urethane Processing Co Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 44 years (since 1982); no family successor named on its website.