Paragon Industries, Inc.
How we got $147.3M
Based on its 334 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 28 years (since 1998)
- Acquired by Integrated Utility Services (2026)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Integrated Utility Services · Jul 2026Integrated Utility Services (IUS) acquired substantially all of the assets of Paragon Industries, a Sapulpa-area Oklahoma steel pipe manufacturer, for about $40 million through a Chapter 11 process.Source
Estimated value over time
▲ 37% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PARAGON INDUSTRIES, INC. this business | $251.3M | — |
| QUALITY MACHINING, L.L.C. Sapulpa · 24 employees | $23.6M | 5.0 mi |
| MOGAR ENERGY PRODUCTS, INC. Tulsa · 1 employees | $706K | 5.7 mi |
| C.G. MARTIN COMPANY INC Tulsa · 16 employees | $12.5M | 5.8 mi |
| STEELTEK, INC. Tulsa · 122 employees | $95.9M | 8.2 mi |
| ROSA OPERATING LLC Tulsa · 24 employees | $17.9M | 8.3 mi |
| PIONEER STEEL, INC. Bixby · 15 employees | $7.4M | 9.0 mi |
The full calculation
| Employees reported to the SBA | 334 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $232.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $271.9M |
| Estimate: the two combined (geometric mean) | $251.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $18.6M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 10% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $147.3M |
| Multiple for this size and industry | 7.9× |
| Value range | $88.4M – $229.8M |
| Revenue range | $188.4M – $326.6M |
| EBITDA range | $14.0M – $24.2M |
| Industry (NAICS) | Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210) |
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
Advisors
- BankingByline 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
| Byline Bank PPP 2020 | All 12 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $4.4M | 334 |
2 locations
| 3378 West Highway 117 | Sapulpa | This listing |
| 4631 Harold Scoggins Dr | Muskogee | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Paragon Industries, Inc.
Paragon Industries, Inc. is an iron and steel pipe and tube manufacturing from purchased steel company in Sapulpa, Oklahoma, in business since 1998. It is owned by Derek Wachob (CEO). Its estimated annual revenue is about $251.3M, with roughly $18.6M of EBITDA. It has about 334 employees. Its estimated business value is $147.3M (likely range $88.4M–$229.8M). It has 2 locations.
Common questions
- Who owns Paragon Industries, Inc.?
- Paragon Industries, Inc. is owned by Derek Wachob (CEO), according to public sources such as the company's website or filings.
- How much revenue does Paragon Industries, Inc. make?
- SeeBITDA estimates Paragon Industries, Inc.'s annual revenue at about $251.3M (likely between $188.4M and $326.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Paragon Industries, Inc. worth?
- About $147.3M, roughly 7.9× its estimated EBITDA of $18.6M, typical for a iron and steel pipe and tube manufacturing from purchased steel company its size. Likely range: $88.4M–$229.8M.
- How many employees does Paragon Industries, Inc. have?
- About 334, as reported on its PPP loan.
- When was Paragon Industries, Inc. founded?
- Paragon Industries, Inc. has been in business since 1998.