Midwesco Industries Inc
How we got $1.2M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
What they do
Midwesco Industries and its affiliated companies Midwestern Manufacturing and Midwestern Pipe Line Products provide pipeline construction equipment and supplies for contractors. They serve customers in the United States, Canada, and around the world.
From the company's website. Industry: Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- INSULATION SPECIALISTS OF TULSA INC · Tulsa, 12 mi · $346.3M
- INDUSTRIAL PIPING SPECIALISTS INC. · Tulsa, 11 mi · $199.4M
- ELLSWORTH CONSTRUCTION, LLC · Tulsa, 3 mi · $148.7M
- MID AMERICA PIPELINE CONSTRUCTION, INC · Tulsa, 10 mi · $112.1M
- FORREST GROUP LTD · Tulsa, 11 mi · $78.0M
Employees over time
▲ 61% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 46 | $23.0M |
| 2021 | Form 5500 | 44 | $22.0M |
| 2022 | Form 5500 | 52 | $26.0M |
| 2023 | Form 5500 | 56 | $28.0M |
| 2024 | Form 5500 | 63 | $31.5M |
| 2025 | Form 5500 | 74 | $37.0M |
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 |
|---|---|---|
| Midwesco Industries Inc this business | $3.0M | — |
| NOV Tulsa | $3.0M | 0.3 mi |
| Ameron Pole Products Tulsa | $3.0M | 0.3 mi |
| Aaon, Inc. Tulsa | $1.44B | 0.3 mi |
| Linde Welding Gas & Equipment Center Tulsa | $3.0M | 0.3 mi |
| Ocutrx Technologies, Inc. Tulsa | $3.0M | 1.2 mi |
| American Cementing Tulsa | $3.0M | 1.3 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 | $1.2M |
| Multiple for this size and industry | 3× |
| Value range | $211K – $2.4M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Manufacturing businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (13%). Treat these as a rough guide.
| Revenue range | $662K – $5.1M |
| EBITDA range | $88K – $673K |
| 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
History & advisors
“For over 60 years, Midwestern has provided its customers with the highest quality service and products.”
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 Midwesco Industries Inc
Midwesco Industries Inc is a manufacturing company in Tulsa, Oklahoma, in business since 1986. It is owned by Joe Beffer (President and CEO). Its estimated annual revenue is about $3.0M, with roughly $400K of EBITDA. It has about 74 employees. Its estimated business value is $1.2M (likely range $211K–$2.4M).
Common questions
- Who owns Midwesco Industries Inc?
- Midwesco Industries Inc is owned by Joe Beffer (President and CEO), according to public sources such as the company's website or filings.
- How much revenue does Midwesco Industries Inc make?
- SeeBITDA estimates Midwesco Industries Inc's annual revenue at about $3.0M (likely between $662K and $5.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwesco Industries Inc worth?
- About $1.2M, roughly 3× its estimated EBITDA of $400K, typical for a manufacturing company its size. Likely range: $211K–$2.4M.
- How many employees does Midwesco Industries Inc have?
- About 74, from its 2025 retirement-plan filing.
- When was Midwesco Industries Inc founded?
- Midwesco Industries Inc has been in business since 1986.