Midwestern Manufacturing Company
How we got $16.3M
Based on its 34 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Midwestern Manufacturing & Pipe Line Products designs and manufactures sideboom pipelayers, attachments and pipeline products for pipeline projects, with capacities from 10,000 to 230,000 lb.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
Customers & suppliers
Suppliers & brands
- CAT · brand it sells or installs
- John Deere · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Autoflections Car Detailing · Tulsa, 2 mi · $45.0M
- Bottoms Up Motorsports · Collinsville, 19 mi · $22.5M
- SBM CORPORATION · Bixby, 16 mi · $20.9M
- SAME DAY TIRE AND AUTO REPAIR · Sapulpa, 9 mi · $18.7M
- TOMMY NIX AUTO GROUP LLC · Tahlequah, 60 mi · $15.8M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MIDWESTERN MANUFACTURING COMPANY this business | $26.9M | — |
| MIDWESTERN PIPE LINE PRODUCTS COMPANY Tulsa · 9 employees | $6.7M | 0.0 mi |
| MIDWESTERN PIPELINE PRODUCTS COMPANY Tulsa · 12 employees | $6.0M | 0.0 mi |
| PRO PIPING & FABRICATION LLC Tulsa · 18 employees | $11.8M | 1.0 mi |
| D&L MANUFACTURING, INC. Tulsa · 225 employees | $204.7M | 2.0 mi |
| W . L. WALKER CO, INC Tulsa · 33 employees | $23.2M | 2.1 mi |
| S&R Equipment Tulsa | $3.0M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.2M |
| Estimate: the two combined (geometric mean) | $26.9M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.8M |
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 | $16.3M |
| Multiple for this size and industry | 5.8× |
| Value range | $8.6M – $22.3M |
| Revenue range | $17.7M – $30.7M |
| EBITDA range | $1.8M – $3.2M |
| 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
History & advisors
“For over 70 years, Midwestern has set the standard for advanced pipeline equipment—leading the industry in sideboom attachments, maintaining a comprehensive inventory, and providing everything from recovery and line sagging winches to hoist attachments that ensure reliable performance on every job.”
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, PPP 2021 | 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 | $473K | 34 |
| 1/20/2021 | second | $448K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwestern Manufacturing Company
Midwestern Manufacturing Company is an oil and gas field machinery and equipment manufacturing company in Tulsa, Oklahoma, in business since 1997. Its estimated annual revenue is about $26.9M, with roughly $2.8M of EBITDA. It has about 34 employees. Its estimated business value is $16.3M (likely range $8.6M–$22.3M).
Common questions
- Who owns Midwestern Manufacturing Company?
- The owner of Midwestern Manufacturing Company 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 Midwestern Manufacturing Company make?
- SeeBITDA estimates Midwestern Manufacturing Company's annual revenue at about $26.9M (likely between $17.7M and $30.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwestern Manufacturing Company worth?
- About $16.3M, roughly 5.8× its estimated EBITDA of $2.8M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $8.6M–$22.3M.
- How many employees does Midwestern Manufacturing Company have?
- About 34, as reported on its PPP loan.
- When was Midwestern Manufacturing Company founded?
- Midwestern Manufacturing Company has been in business since 1997.