American Cementing
How we got $170.4M
Based on 405 employees on its 2024 401(k) filing.
What we know
What they do
American Cementing provides oilfield cementing services, from well construction to remediation, including lab testing, bulk-plant blending and wellsite operations. It serves oil and gas wells across locations in the United States.
From the company's website. Industry: Manufacturing.
Ownership & transactions
- Acquired by Argonaut Private Equity · Sep 2020Argonaut Private Equity acquired BJ Services' cementing solutions business and rebranded it as American Cementing in Tulsa, Oklahoma.Source
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Unit Corporation · Tulsa, 7 mi · $988.3M
- EXPLORER PIPELINE COMPANY · Tulsa, 6 mi · $505.6M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 5 mi · $324.7M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 1 mi · $257.3M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 1 mi · $226.8M
Estimated value over time
▲ 96% 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
▲ 58% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 257 | $128.5M |
| 2021 | Form 5500 | 319 | $159.5M |
| 2022 | Form 5500 | 465 | $232.5M |
| 2023 | Form 5500 | 414 | $207.0M |
| 2024 | Form 5500 | 405 | $202.5M |
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 |
|---|---|---|
| American Cementing this business | $254.9M | — |
| DOUBLESHOT COFFEE COMPANY LLC Tulsa · 20 employees | $5.7M | 0.1 mi |
| Ocutrx Technologies, Inc. Tulsa | $1.4M | 0.1 mi |
| Oklahoma Aerospace Alliance Tulsa | $1.4M | 0.1 mi |
| KIM & PARK FOOD CORP Tulsa · 1 employees | $418K | 0.8 mi |
| SUNRAY BAKERY CAFE LLC Tulsa · 2 employees | $250K | 0.8 mi |
| Q CLOTHIER TULSA LLC Tulsa · 3 employees | $834K | 0.9 mi |
The full calculation
Brought up to date: prices are 26% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $170.4M |
| Multiple for this size and industry | 7.5× |
| Value range | $109.0M – $306.7M |
| Employees in its retirement plan (2024 Form 5500) | 405 |
| Industry revenue per employee | $500K |
| Revenue = employees × revenue per employee | $254.9M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $22.7M |
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 | $204.0M – $382.4M |
| EBITDA range | $18.2M – $34.1M |
| Industry (NAICS) | Manufacturing (31) |
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: approximate sector default. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Leadership
- KMKevin MitchellChief Financial Officer · Company website · source
Advisors
- AccountingWhitley Penn LLPAudits its 401(k) plan (2024 filing)
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 American Cementing
American Cementing is a manufacturing company in Tulsa, Oklahoma, in business since 2020. It is owned by Aaron James (President). Its estimated annual revenue is about $254.9M, with roughly $22.7M of EBITDA. It has about 405 employees. Its estimated business value is $170.4M (likely range $109.0M–$306.7M).
Common questions
- Who owns American Cementing?
- American Cementing is owned by Aaron James (President), according to public sources such as the company's website or filings.
- How much revenue does American Cementing make?
- SeeBITDA estimates American Cementing's annual revenue at about $254.9M (likely between $204.0M and $382.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is American Cementing worth?
- About $170.4M, roughly 7.5× its estimated EBITDA of $22.7M, typical for a manufacturing company its size. Likely range: $109.0M–$306.7M.
- How many employees does American Cementing have?
- About 405, from its 2024 retirement-plan filing.
- When was American Cementing founded?
- American Cementing has been in business since 2020.