Mint Turbines, LLC
How we got $20.0M
Based on its 43 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 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
Mint Turbines, LLC is a turbine engine maintenance, repair and overhaul (MRO) business for PT6A, PT6T, T700 and T53 engines, based in Stroud, OK.
From the company's website. Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance.
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $23.1M
- National Oceanic and Atmospheric Administration · federal contracts $2.4M
- Department of State · federal contracts $1.5M
- Defense Logistics Agency · federal contracts $171K
- National Aeronautics and Space Administration · federal contracts $17K
Estimated value over time
▲ 34% 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 |
|---|---|---|
| MINT TURBINES, LLC this business | $27.2M | — |
| SOUTHWEST FUEL SYSTEMS, LLC Stroud · 6 employees | $3.8M | 0.0 mi |
| RAJON, LLC Bristow · 73 employees | $37.4M | 14.5 mi |
| UNITED DYNAMICS INC. Shawnee · 40 employees | $17.7M | 29.4 mi |
| STILLWATER AIRCRAFT SERVICES INC. Stillwater · 3 employees | $1.1M | 34.8 mi |
| COVINGTON AIRCRAFT ENGINES, INC. Okmulgee · 113 employees | $65.2M | 40.5 mi |
| SOUTHWEST AVIATION SPECIALTIES, LLC Tulsa · 21 employees | $7.2M | 41.3 mi |
The full calculation
| Employees reported to the SBA | 43 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $25.4M |
| Estimate: the two combined (geometric mean) | $27.2M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.6M |
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 | $20.0M |
| Multiple for this size and industry | 7.7× |
| Value range | $10.5M – $27.3M |
| Revenue range | $17.9M – $31.0M |
| EBITDA range | $1.7M – $3.0M |
| Industry (NAICS) | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310) |
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
- BankingTexas Security 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
| Texas Security Bank PPP 2020, PPP 2021 | All 6 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 | $824K | 43 |
| 2/4/2021 | second | $824K | 43 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mint Turbines, LLC
Mint Turbines, LLC is a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company in Stroud, Oklahoma, in business since 2009. Its estimated annual revenue is about $27.2M, with roughly $2.6M of EBITDA. It has about 43 employees. Its estimated business value is $20.0M (likely range $10.5M–$27.3M).
Common questions
- Who owns Mint Turbines, LLC?
- The owner of Mint Turbines, 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 Mint Turbines, LLC make?
- SeeBITDA estimates Mint Turbines, LLC's annual revenue at about $27.2M (likely between $17.9M and $31.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mint Turbines, LLC worth?
- About $20.0M, roughly 7.7× its estimated EBITDA of $2.6M, typical for a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company its size. Likely range: $10.5M–$27.3M.
- How many employees does Mint Turbines, LLC have?
- About 43, as reported on its PPP loan.
- When was Mint Turbines, LLC founded?
- Mint Turbines, LLC has been in business since 2009.