Murray Services, Inc.
How we got $6.7M
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 Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Murray Services, Inc. is a secondary containment company offering turnkey installation and products such as containment walls, liners, and sumps, with the option to coordinate material delivery and crew training or to become a distributor of its products.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
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
▲ 67% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $8.4M |
| 2020 | Form 5500 | 19 | $10.6M |
| 2021 | Form 5500 | 12 | $6.7M |
| 2023 | Form 5500 | 29 | $16.2M |
| 2024 | Form 5500 | 26 | $14.5M |
| 2025 | Form 5500 | 25 | $13.9M |
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 |
|---|---|---|
| MURRAY SERVICES, INC. this business | $12.7M | — |
| AB BITS LLC Weatherford · 1 employees | $815K | 17.6 mi |
| T-N-T MACHINE Weatherford · 3 employees | $2.9M | 19.5 mi |
| WALL BIN HOPPERS LLC Colony · 8 employees | $3.3M | 22.7 mi |
| FLYING W, INC Watonga · 13 employees | $6.9M | 23.5 mi |
| HIDDEN VALLEY MFG. INC. Corn · 1 employees | $696K | 26.1 mi |
| KNUTSON IRRIGATION DESIGN LLC Yukon · 21 employees | $16.8M | 31.1 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.9M |
| Estimate: the two combined (geometric mean) | $12.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.4M |
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 | $6.7M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.5M – $9.2M |
| Revenue range | $8.4M – $14.5M |
| EBITDA range | $937K – $1.6M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
“The Murray Family entered the oil and gas service arena in 1928 when Claude Murray became the 15th employee to work for Halliburton.”
Advisors
- BankingLegacy 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
| Legacy Bank PPP 2020, PPP 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $281K | 15 |
| 1/19/2021 | second | $262K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Murray Services, Inc.
Murray Services, Inc. is an oil and gas field machinery and equipment manufacturing company in Hinton, Oklahoma, in business since 1997. It is owned by Jeffrey Murray (Owner and Principal). Its estimated annual revenue is about $12.7M, with roughly $1.4M of EBITDA. It has about 25 employees. Its estimated business value is $6.7M (likely range $3.5M–$9.2M).
Common questions
- Who owns Murray Services, Inc.?
- Murray Services, Inc. is owned by Jeffrey Murray (Owner and Principal), according to public sources such as the company's website or filings.
- How much revenue does Murray Services, Inc. make?
- SeeBITDA estimates Murray Services, Inc.'s annual revenue at about $12.7M (likely between $8.4M and $14.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Murray Services, Inc. worth?
- About $6.7M, roughly 4.7× its estimated EBITDA of $1.4M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $3.5M–$9.2M.
- How many employees does Murray Services, Inc. have?
- About 25, from its 2025 retirement-plan filing.
- When was Murray Services, Inc. founded?
- Murray Services, Inc. has been in business since 1997.