Mingo Aerospace
How we got $12.5M
Based on its 47 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
What they do
Sunvair (listed under Mingo Aerospace in Owasso, OK) is an international aerospace maintenance, repair, and overhaul (MRO) provider offering repair, overhaul, and engineering services, including DER and PMA engineering, for commercial aviation and military operators.
From the company's website. Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- FOLDS OF HONOR FOUNDATION · Owasso, 1 mi · $75.9M
- ROMAN CATHOLIC DIOCESE OF TULSA · Broken Arrow, 17 mi · $68.3M
- WILLIE GEORGE MINISTRIES, INC · Tulsa, 7 mi · $59.6M
- VICTORY CHRISTIAN CENTER INC · Tulsa, 16 mi · $56.8M
- THE CHURCH AT BATTLECREEK INC. · Broken Arrow, 13 mi · $44.9M
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.
Employees over time
▲ 9% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 47 | $15.4M |
| 2020 | Form 5500 | 39 | $12.8M |
| 2021 | Form 5500 | 51 | $16.7M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MINGO AEROSPACE this business | $19.4M | — |
| Triumph Aerostructures Tulsa | $1.3M | 5.1 mi |
| Spirit Aerosystems Tulsa | $3.0M | 5.2 mi |
| BARRETT PRECISION ENGINES INC Tulsa · 7 employees | $3.8M | 6.1 mi |
| GREEN COUNTRY AIRCRAFT EXHAUST, INC. Tulsa · 42 employees | $16.0M | 6.2 mi |
| RICK ROMANS INC Tulsa · 9 employees | $4.9M | 6.2 mi |
| DIVCO, INC. Tulsa · 24 employees | $12.5M | 6.2 mi |
The full calculation
| Employees reported to the SBA | 47 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.3M |
| Estimate: the two combined (geometric mean) | $19.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.0M |
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 | $12.5M |
| Multiple for this size and industry | 6.3× |
| Value range | $6.6M – $17.1M |
| Revenue range | $12.7M – $22.1M |
| EBITDA range | $1.3M – $2.3M |
| Industry (NAICS) | Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413) |
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
Advisors
- BankingBOKF, 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $664K | 47 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mingo Aerospace
Mingo Aerospace is an other aircraft parts and auxiliary equipment manufacturing company in Owasso, Oklahoma, in business since 2011. It is owned by Brian Emery (Co-Owner). Its estimated annual revenue is about $19.4M, with roughly $2.0M of EBITDA. It has about 51 employees. Its estimated business value is $12.5M (likely range $6.6M–$17.1M).
Common questions
- Who owns Mingo Aerospace?
- Mingo Aerospace is owned by Brian Emery (Co-Owner), according to public sources such as the company's website or filings.
- How much revenue does Mingo Aerospace make?
- SeeBITDA estimates Mingo Aerospace's annual revenue at about $19.4M (likely between $12.7M and $22.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mingo Aerospace worth?
- About $12.5M, roughly 6.3× its estimated EBITDA of $2.0M, typical for a other aircraft parts and auxiliary equipment manufacturing company its size. Likely range: $6.6M–$17.1M.
- How many employees does Mingo Aerospace have?
- About 51, from its 2021 retirement-plan filing.
- When was Mingo Aerospace founded?
- Mingo Aerospace has been in business since 2011.