SeeBITDAOklahoma

Independent Tubular

Metal Service Centers and Other Metal Merchant Wholesalers
Company websiteitcpipe.comFind on LinkedInSearch LinkedIn for this company
Estimated valueLow confidence
$788K
$382Klikely range$1.1M
About 2.9× its yearly profit, typical for a company this size in its industry.
Revenue
$5.2M
a year
Profit (EBITDA)
$272K
5% of revenue
Employees
—
not reported
Leadership
Mike Allred
Owner · source
Likely to sell
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $788K

Based on typical figures for its industry (2022 Economic Census), not its own records.

A typical metal service centers and other metal merchant wholesalers business in Oklahoma$5.2M
Revenue$5.2M
× 5% profit margin$272K
× 2.9 sale multiple = value$788K

· Own this business? Correct these figures

What we know

No PPP loan
No 401(k) filing
No reported financials
Company website
Owner named

Signs of a sale Likely to sell

  • In business 42 years (since 1984)
  • Founder still runs it after 42 years
  • Family in the business (Tyler Allred, CEO)

From public records and the company's website, not a statement that it's for sale.

What they do

ITC Pipe is an OCTG distributor serving oilfield producers, working with mills and drilling companies to supply casing, tubing and line pipe.

Products & services
OCTG distributorCasingTubingLine PipePUP Jointscontrolled yield couplings
Markets served
oil and gasoilfield producersdrilling companies
Service area
OklahomaTexasHoustonColoradoNorth DakotaPennsylvaniaKansasNew Mexico

From the company's website. Industry: Metal Service Centers and Other Metal Merchant Wholesalers.

Customers & suppliers

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Oil & gas

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
Independent Tubular
this business
$5.2M$272K—
KARCHMER
Oklahoma City · 28 employees
$50.7M$3.5M8.3 mi
INTERNATIONAL PIPE & SUPPLY, LLC
Oklahoma City · 38 employees
$59.3M$4.1M8.3 mi
MIX, INC.
Oklahoma City · 1 employees
$12.0M$885K8.6 mi
KARCHMER PIPE & SUPPLY COMPANY, INC
Oklahoma City · 3 employees
$7.1M$591K12.7 mi
CUSTOM SALES INC.
Oklahoma City · 3 employees
$7.3M$608K12.9 mi
STANDARD STEEL CO., LLC
Oklahoma City · 11 employees
$19.8M$1.4M13.3 mi

The full calculation

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$788K
Multiple for this size and industry2.9×
Value range$382K – $1.1M

This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Metal Service Centers and Other Metal Merchant Wholesalers businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (5%). Treat these as a rough guide.

Revenue range$3.1M – $6.1M
EBITDA range$165K – $322K
Industry (NAICS)Metal Service Centers and Other Metal Merchant Wholesalers (423510)

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. Listing details come from Overture Maps open data. Full methodology

History & advisors

Founded 1984 by Mike Allred
“In 1984 he founded Independent Tubular Corporation, now ITC Pipe.”

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.

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Independent Tubular

Independent Tubular is a metal service centers and other metal merchant wholesalers company in Edmond, Oklahoma, in business since 1984. It is owned by Mike Allred. Its estimated annual revenue is about $5.2M, with roughly $272K of EBITDA. Its estimated business value is $788K (likely range $382K–$1.1M).

Common questions

Who owns Independent Tubular?
Independent Tubular is owned by Mike Allred, according to public sources such as the company's website or filings.
How much revenue does Independent Tubular make?
SeeBITDA estimates Independent Tubular's annual revenue at about $5.2M (likely between $3.1M and $6.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Independent Tubular worth?
About $788K, roughly 2.9× its estimated EBITDA of $272K, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $382K–$1.1M.
When was Independent Tubular founded?
Independent Tubular has been in business since 1984.
Is Independent Tubular for sale?
There's no public listing, but it shows signs that often come before a sale: in business 42 years (since 1984); founder still runs it after 42 years; family in the business (tyler allred, ceo).