SeeBITDAOklahoma

Pack-Lite Systems, Inc.

All Other Plastics Product Manufacturing
  • 1222 N LEWIS AVE, Tulsa, OK
  • Since 1991
  • Family-owned
  • NAICS 326199
Estimated valueMedium confidence
$2.7M
$1.4Mlikely range$3.7M
About 3.8× its yearly profit, typical for a company this size in its industry.
Revenue
$4.9M
a year
Profit (EBITDA)
$711K
15% of revenue
Employees
11
reported in 2020
Leadership
Gary Fetterhoff
Founder · source · confirmed by 2 sources
Likely to sell
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $2.7M

Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.

11 employees × $318K each$3.5M
PPP payroll ÷ payroll's usual share of revenue$5.2M
Shown toward the top of its range×1.14
Revenue$4.9M
× 15% profit margin$711K
× 3.8 sale multiple = value$2.7M

· Own this business? Correct these figures

Estimated value over time

▲ 15% since 2020
$0$1.6M$3.1M20202026

Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.

What we know

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

Signs of a sale Likely to sell

  • In business 35 years (since 1991)
  • Founder still runs it after 35 years
  • No family successor named on its website

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

What they do

Pack-Lite Systems, Inc. designs and fabricates custom reusable corrugated plastic containers, foam interiors, and handling systems to protect parts and equipment. It serves aerospace, medical, precision instrument, public safety, and industrial customers.

Products & services
Custom reusable containersFoam interiorsCorrugated plastic containersATA-style casesTotesBinsWater-jet cut foam insertsPlastic partitionsCustom closures and security featuresScreen-printed labels
Markets served
AerospaceMedical Products, Services, and SystemsPrecision InstrumentsPublic SafetyAutomotive & ManufacturingIndustrial & BatteryLean & KANBAN Supply ChainDelicate & Precision Instruments
Service area
United States

From the company's website. Industry: All Other Plastics Product Manufacturing.

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
PACK-LITE SYSTEMS, INC.
this business
$4.9M$711K—
GLOBAL URETHANE, INC
Tulsa · 2 employees
$1.3M$236K0.9 mi
HIGHER HANGERS LLC
Tulsa · 1 employees
$913K$162K1.0 mi
Column Designs
Tulsa
$3.0M$403K3.2 mi
WASSCO CORPORATION
Tulsa · 6 employees
$6.7M$859K3.7 mi
PLASTIC FABRICATORS, INC
Tulsa · 4 employees
$2.8M$446K4.6 mi
JARRT HOLDINGS, INC.
Tulsa · 25 employees
$14.3M$1.8M4.9 mi

The full calculation

Employees reported to the SBA11
Revenue from headcount (employees × revenue per employee for companies this size)$3.5M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$5.2M
Estimate: the two combined (geometric mean)$4.9M
EBITDA margin (industry, adjusted for size)15%
EBITDA = revenue × margin$711K

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$2.7M
Multiple for this size and industry3.8×
Value range$1.4M – $3.7M
Revenue range$3.2M – $5.5M
EBITDA range$468K – $811K
Industry (NAICS)All Other Plastics Product Manufacturing (326199)

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

History & advisors

Founded 1991 by Gary FetterhoffFamily-owned
“Pack-Lite was founded in 1991 by Gary Fetterhoff.”

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

ApprovedDrawAmountForgivenJobsLender
4/6/2020first$130K$131K10The Central Trust Bank
1/17/2021second$105K$105K11The Central Trust Bank

Public records

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

About Pack-Lite Systems, Inc.

Pack-Lite Systems, Inc. is a family-owned all other plastics product manufacturing company in Tulsa, Oklahoma, in business since 1991. It is owned by Gary Fetterhoff (Founder). Its estimated annual revenue is about $4.9M, with roughly $711K of EBITDA. It has about 11 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.7M).

Common questions

Who owns Pack-Lite Systems, Inc.?
Pack-Lite Systems, Inc. is owned by Gary Fetterhoff (Founder), according to public sources such as the company's website or filings.
How much revenue does Pack-Lite Systems, Inc. make?
SeeBITDA estimates Pack-Lite Systems, Inc.'s annual revenue at about $4.9M (likely between $3.2M and $5.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Pack-Lite Systems, Inc. worth?
About $2.7M, roughly 3.8× its estimated EBITDA of $711K, typical for a all other plastics product manufacturing company its size. Likely range: $1.4M–$3.7M.
How many employees does Pack-Lite Systems, Inc. have?
About 11, as reported on its PPP loan.
When was Pack-Lite Systems, Inc. founded?
Pack-Lite Systems, Inc. has been in business since 1991.
Is Pack-Lite Systems, Inc. for sale?
There's no public listing, but it shows signs that often come before a sale: in business 35 years (since 1991); founder still runs it after 35 years; no family successor named on its website.