Milamar Coatings, LLC
How we got $16.1M
Based on its 33 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 38% 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MILAMAR COATINGS, LLC this business | $27.6M | — |
| PROPAINT COATINGS LLC Edmond · 2 employees | $1.8M | 5.6 mi |
| JIM MOODY PAINT COMPANY Oklahoma City · 9 employees | $5.5M | 7.0 mi |
| H-I-S PAINT MANUFACTURING COMPANY, L.L.C. Oklahoma City · 65 employees | $53.5M | 8.3 mi |
| POWDER COATING PLUS LLC Oklahoma City · 5 employees | $3.6M | 8.4 mi |
| 3Chem Military & Aerospace Coatings Oklahoma City | $1.3M | 9.0 mi |
| POLYGLASS COATINGS LIMITED LLC Oklahoma City · 52 employees | $37.0M | 9.1 mi |
The full calculation
| Employees reported to the SBA | 33 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $26.5M |
| Estimate: the two combined (geometric mean) | $27.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.9M |
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 | $16.1M |
| Multiple for this size and industry | 5.5× |
| Value range | $8.5M – $22.0M |
| Revenue range | $18.2M – $31.5M |
| EBITDA range | $1.9M – $3.3M |
| Industry (NAICS) | Paint and Coating Manufacturing (325510) |
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
- BankingBMO Bank National AssociationPPP / 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
| BMO Bank National Association PPP 2020 | All 119 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $481K | 33 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Milamar Coatings, LLC
Milamar Coatings, LLC is a paint and coating manufacturing company in Oklahoma City, Oklahoma, in business since 1999. Its estimated annual revenue is about $27.6M, with roughly $2.9M of EBITDA. It has about 33 employees. Its estimated business value is $16.1M (likely range $8.5M–$22.0M).
Common questions
- Who owns Milamar Coatings, LLC?
- The owner of Milamar Coatings, 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 Milamar Coatings, LLC make?
- SeeBITDA estimates Milamar Coatings, LLC's annual revenue at about $27.6M (likely between $18.2M and $31.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Milamar Coatings, LLC worth?
- About $16.1M, roughly 5.5× its estimated EBITDA of $2.9M, typical for a paint and coating manufacturing company its size. Likely range: $8.5M–$22.0M.
- How many employees does Milamar Coatings, LLC have?
- About 33, as reported on its PPP loan.
- When was Milamar Coatings, LLC founded?
- Milamar Coatings, LLC has been in business since 1999.