Mingo Manufacturing Inc.
How we got $8.0M
Based on 72 employees on its 2025 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 45 years (since 1981)
- Founder still runs it after 45 years
- 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
Mingo Manufacturing makes precision machined equipment for multistage centrifugal pumping in the oilfield and mining, and offers contract machining and custom manufacturing.
From the company's website. Industry: Machine shops & fabrication.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Unit Corporation · Tulsa, 18 mi · $988.3M
- EXPLORER PIPELINE COMPANY · Tulsa, 16 mi · $505.6M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 15 mi · $324.7M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 11 mi · $257.3M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 11 mi · $226.8M
Estimated value over time
▲ 4% 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
▼ 16% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 86 | $17.5M |
| 2020 | Form 5500 | 100 | $20.3M |
| 2021 | Form 5500 | 68 | $13.8M |
| 2022 | Form 5500 | 55 | $11.2M |
| 2023 | Form 5500 | 70 | $14.2M |
| 2024 | Form 5500 | 77 | $15.7M |
| 2025 | Form 5500 | 72 | $14.6M |
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 MANUFACTURING INC. this business | $16.0M | — |
| SUNTECH MACHINE INC Owasso · 2 employees | $595K | 0.7 mi |
| MSD MANUFACTURING LLP Owasso · 4 employees | $894K | 0.9 mi |
| JOHNSON MACHINE INC Owasso · 20 employees | $4.6M | 1.5 mi |
| CUTTING EDGE TECHNOLOGIES, LLC Owasso · 6 employees | $1.1M | 2.5 mi |
| SLIM HANEY MACHINING INC Tulsa · 71 employees | $14.6M | 2.6 mi |
| MAVEN MACHINE & DESIGN LLC Owasso · 2 employees | $447K | 2.7 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $8.0M |
| Multiple for this size and industry | 4.7× |
| Value range | $5.1M – $14.4M |
| Employees in its retirement plan (2025 Form 5500) | 72 |
| Industry revenue per employee | $203K |
| Revenue = employees × revenue per employee | $16.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.7M |
| For comparison: employees reported for PPP (2020) | 86 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $12.8M – $24.0M |
| EBITDA range | $1.4M – $2.6M |
| 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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“A retired American Airlines Machinist, Ron Witten, along with Oklahoma State University graduates Ray Witten, of Centrilift and Terry Ingle, of Citi Services start a machine shop for the sole purpose of making adapter kits to fit up REDA and Centrilift (ODI) equipment; Mingo Manufacturing.”
Leadership
- TITerry InglePresident / Owner · Company website · source
- RWRay WittenVice President of Engineering / Owner · Company website · source
- JJJustin JohnsonBusiness Manager · Company website · source
- BWBrad WittingtonProduction Manager · Company website · source
- JWJeremiah WaltonMINGO Product Line Manager · Company website · source
- THTeresa HofferberCustomer Service Representative · Company website · source
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 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 | $1.3M | 86 |
| 1/23/2021 | second | $1.3M | 77 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mingo Manufacturing Inc.
Mingo Manufacturing Inc. is a machine shops & fabrication company in Owasso, Oklahoma, in business since 1981. It is owned by John Kenner (Founder). Its estimated annual revenue is about $16.0M, with roughly $1.7M of EBITDA. It has about 72 employees. Its estimated business value is $8.0M (likely range $5.1M–$14.4M).
Common questions
- Who owns Mingo Manufacturing Inc.?
- Mingo Manufacturing Inc. is owned by John Kenner (Founder), according to public sources such as the company's website or filings.
- How much revenue does Mingo Manufacturing Inc. make?
- SeeBITDA estimates Mingo Manufacturing Inc.'s annual revenue at about $16.0M (likely between $12.8M and $24.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mingo Manufacturing Inc. worth?
- About $8.0M, roughly 4.7× its estimated EBITDA of $1.7M, typical for a machine shops & fabrication company its size. Likely range: $5.1M–$14.4M.
- How many employees does Mingo Manufacturing Inc. have?
- About 72, from its 2025 retirement-plan filing.
- When was Mingo Manufacturing Inc. founded?
- Mingo Manufacturing Inc. has been in business since 1981.
- Is Mingo Manufacturing Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 45 years (since 1981); founder still runs it after 45 years; no family successor named on its website.