Midwestern Pipe Line Products Company
How we got $2.9M
Based on its 9 employees and its payroll, both reported for PPP in 2021 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
Midwestern Manufacturing & Pipe Line Products designs and manufactures sideboom pipelayers and pipeline equipment and attachments. Its site says it has served the industry since 1953 and offers sidebooms for all types of tractors and pipeline projects on every continent.
From the company's website. Industry: Industrial Supplies Merchant Wholesalers.
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.
- 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
- DIGICUT LLC · Tulsa, 7 mi · $13.2M
- REPUTATION SERVICES & MANUFACTURING, LLC · Tulsa, 12 mi · $12.4M
Estimated value over time
▲ 15% since 2021Today'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 |
|---|---|---|
| MIDWESTERN PIPE LINE PRODUCTS COMPANY this business | $10.9M | — |
| MIDWESTERN PIPELINE PRODUCTS COMPANY Tulsa · 12 employees | $11.7M | 0.0 mi |
| EMERGENCY POWER SYSTEMS, INC Tulsa · 9 employees | $9.4M | 0.9 mi |
| ARROW MAINTENANCE & PRODUCTION SUPPLY CO Tulsa · 11 employees | $11.2M | 1.6 mi |
| BERENDSEN FLUID POWER, INC. Tulsa · 280 employees | $349.4M | 1.9 mi |
| DRISCOLL AUTOMATIC CONTROL CO Tulsa · 2 employees | $3.8M | 2.2 mi |
| VICTOR WELDING SUPPLY Tulsa · 43 employees | $36.9M | 2.7 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.9M |
| Estimate: the two combined (geometric mean) | $10.9M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $801K |
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 | $2.9M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.5M – $3.9M |
| Revenue range | $7.2M – $12.4M |
| EBITDA range | $527K – $913K |
| Industry (NAICS) | Industrial Supplies Merchant Wholesalers (423840) |
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
“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 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 |
|---|---|---|---|
| 2/24/2021 | second | $126K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwestern Pipe Line Products Company
Midwestern Pipe Line Products Company is an industrial supplies merchant wholesalers company in Tulsa, Oklahoma, in business since 2005. Its estimated annual revenue is about $10.9M, with roughly $801K of EBITDA. It has about 9 employees. Its estimated business value is $2.9M (likely range $1.5M–$3.9M).
Common questions
- Who owns Midwestern Pipe Line Products Company?
- The owner of Midwestern Pipe Line Products 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 Pipe Line Products Company make?
- SeeBITDA estimates Midwestern Pipe Line Products Company's annual revenue at about $10.9M (likely between $7.2M and $12.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwestern Pipe Line Products Company worth?
- About $2.9M, roughly 3.6× its estimated EBITDA of $801K, typical for a industrial supplies merchant wholesalers company its size. Likely range: $1.5M–$3.9M.
- How many employees does Midwestern Pipe Line Products Company have?
- About 9, as reported on its PPP loan.
- When was Midwestern Pipe Line Products Company founded?
- Midwestern Pipe Line Products Company has been in business since 2005.