Mills Machine Co.
How we got $2.2M
Based on its 15 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 118 years (since 1908)
- 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
Mills Machine makes custom-built bits and tools for earth drilling, creating solutions to drilling challenges since 1908.
From the company's website. Industry: Machine shops & fabrication.
Customers & suppliers
Customers
- Chase Environmental Group · named on its website
- Boggs Construction · named on its website
- MMR Enterprises, Inc · named on its website
Estimated value over time
▲ 40% 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 |
|---|---|---|
| MILLS MACHINE CO. this business | $4.4M | — |
| OILFIELD EQUIPMENT MANUFACTURING Shawnee · 30 employees | $9.5M | 5.4 mi |
| ARTISAN MACHINE WORKS LLC Prague · 3 employees | $680K | 16.8 mi |
| H&H CONSTRUCTION AND METAL FABRICATION, INC Norman · 4 employees | $1.7M | 28.5 mi |
| B & B MACHINE OF NORMAN, INC. Norman · 8 employees | $2.7M | 29.6 mi |
| EMR, LLC Noble · 1 employees | $454K | 29.8 mi |
| F5 METALWORKS, LLC Norman · 1 employees | $176K | 31.4 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.9M |
| Estimate: the two combined (geometric mean) | $4.4M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $575K |
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 | $2.2M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.2M – $3.1M |
| Revenue range | $2.9M – $5.0M |
| EBITDA range | $378K – $655K |
| Industry (NAICS) | Machine Shops (332710) |
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
Leadership
- CMChuck MillsOwner & President · Company website · source
- DCDavid ChurchSales Manager · Company website · source
- TCTC CudjoePurchasing · Company website · source
- KBKenny BennettResearch & Development · Company website · source
- DGDale GoodmanProduction Manager · Company website · source
- DHDebi HoffmeirShipping Manager · Company website · source
- BJBlake JohnsonLead Welder · Company website · source
- MNMichael NapierSteel Yard/Shipping Assistant · Company website · source
- TCTom CombsProduction Machinist · Company website · source
- KSKevin StatesCNC Machinist · Company website · source
- NSNathan StewartWelder · Company website · source
- ADAlden DavisWelder · Company website · source
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $149K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mills Machine Co.
Mills Machine Co. is a machine shops & fabrication company in Shawnee, Oklahoma, in business since 1908. It is owned by Wally Boggs. Its estimated annual revenue is about $4.4M, with roughly $575K of EBITDA. It has about 15 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.1M).
Common questions
- Who owns Mills Machine Co.?
- Mills Machine Co. is owned by Wally Boggs, according to public sources such as the company's website or filings.
- How much revenue does Mills Machine Co. make?
- SeeBITDA estimates Mills Machine Co.'s annual revenue at about $4.4M (likely between $2.9M and $5.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mills Machine Co. worth?
- About $2.2M, roughly 3.9× its estimated EBITDA of $575K, typical for a machine shops & fabrication company its size. Likely range: $1.2M–$3.1M.
- How many employees does Mills Machine Co. have?
- About 15, as reported on its PPP loan.
- When was Mills Machine Co. founded?
- Mills Machine Co. has been in business since 1908.
- Is Mills Machine Co. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 118 years (since 1908); no family successor named on its website.