Modern Plating Co, Inc.
How we got $2.0M
Based on its 14 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 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Modern Plating Co. Inc. is a locally owned metal plating and anodizing company in Tulsa, OK, serving customers of all sizes since 1964.
From the company's website. Industry: Metal Heat Treating.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 5 mi · $33.63B
- Helmerich & Payne · Tulsa, 5 mi · $3.75B
- EXPLORER PIPELINE COMPANY · Tulsa, 7 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 6 mi · $467.9M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 5 mi · $326.8M
- OIL CAPITAL ELECTRIC LLC · Broken Arrow, 6 mi · $79.3M
- COLBURN ELECTRIC, LLC · Broken Arrow, 9 mi · $44.4M
- ELECTRICAL ALLIANCE LLC · Sand Springs, 17 mi · $39.4M
- LIGHTHOUSE ELECTRIC LLC · Tulsa, 6 mi · $37.0M
- THIRD GENERATION ELECTRICAL IN · Tulsa, 10 mi · $33.0M
- AMERICAN PIPING INSPECTION, IN · Tulsa, 7 mi · $122.0M
- WALLACE ENGINEERING - STRUCTURAL CONSULTANTS, INC · Tulsa, 5 mi · $60.8M
- AMERICAN PIPING INSPECTION INC. · Tulsa, 7 mi · $52.8M
- SGA DESIGN GROUP, P.C. · Tulsa, 5 mi · $42.2M
- GOLDEN FIELD SERVICES INC. · Tulsa, 4 mi · $41.9M
Estimated value over time
▲ 24% 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
▼ 7% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $4.5M |
| 2023 | Form 5500 | 11 | $3.5M |
| 2024 | Form 5500 | 13 | $4.1M |
| 2025 | Form 5500 | 13 | $4.1M |
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 |
|---|---|---|
| MODERN PLATING CO, INC. this business | $4.0M | — |
| CUSTOM CRAFT AWARDS LLC Tulsa · 3 employees | $677K | 0.3 mi |
| THERMAL SPECIALTIES, LLC Tulsa · 111 employees | $37.4M | 0.5 mi |
| ON PAR ENTERPRISES, LLC Tulsa · 2 employees | $405K | 1.0 mi |
| HUBERT SLUSHER Tulsa · 18 employees | $2.9M | 2.4 mi |
| POWDER BLUE OF OKLAHOMA Tulsa · 10 employees | $1.9M | 2.4 mi |
| Tulsa Powder Coatings Tulsa | $3.3M | 2.4 mi |
The full calculation
| Employees reported to the SBA | 14 |
| 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) | $3.1M |
| Estimate: the two combined (geometric mean) | $4.0M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $515K |
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 | $2.0M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.1M – $2.7M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $339K – $587K |
| Industry (NAICS) | Metal Heat Treating (332811) |
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
- BankingThe Central Trust 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
| The Central Trust Bank PPP 2020, PPP 2021 | All 323 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $118K | 14 |
| 1/30/2021 | second | $118K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Modern Plating Co, Inc.
Modern Plating Co, Inc. is a metal heat treating company in Tulsa, Oklahoma, in business since 2002. Its estimated annual revenue is about $4.0M, with roughly $515K of EBITDA. It has about 13 employees. Its estimated business value is $2.0M (likely range $1.1M–$2.7M).
Common questions
- Who owns Modern Plating Co, Inc.?
- The owner of Modern Plating Co, Inc. 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 Modern Plating Co, Inc. make?
- SeeBITDA estimates Modern Plating Co, Inc.'s annual revenue at about $4.0M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Modern Plating Co, Inc. worth?
- About $2.0M, roughly 3.9× its estimated EBITDA of $515K, typical for a metal heat treating company its size. Likely range: $1.1M–$2.7M.
- How many employees does Modern Plating Co, Inc. have?
- About 13, from its 2025 retirement-plan filing.
- When was Modern Plating Co, Inc. founded?
- Modern Plating Co, Inc. has been in business since 2002.