Parnel Biogas, Inc.
How we got $2.0M
Based on its 6 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 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Parnel Biogas designs, manufactures, rents and services combustion systems, flares, gas processing and control systems for biogas and landfill gas operators.
From the company's website. Industry: All Other Miscellaneous Chemical Product and Preparation Manufacturing.
Customers & suppliers
Customers
- Dot Energy Solutions, Inc · named on its website
Estimated value over time
▲ 38% 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
▲ 50% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $2.7M |
| 2022 | Form 5500 | 6 | $2.7M |
| 2023 | Form 5500 | 7 | $3.2M |
| 2024 | Form 5500 | 9 | $4.1M |
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 |
|---|---|---|
| PARNEL BIOGAS, INC. this business | $4.0M | — |
| BIXBY VAPOR, LLC Bixby · 4 employees | $3.7M | 7.0 mi |
| INK AND TONER OUTLET, LLC Tulsa · 5 employees | $2.3M | 9.6 mi |
| AMERICAN LASER, INC. Tulsa · 4 employees | $2.0M | 11.5 mi |
| SPECTRUMFX INC Tulsa · 4 employees | $3.7M | 11.6 mi |
| ELITE CREATIVE SOLUTIONS LLC Broken Arrow · 19 employees | $13.4M | 13.1 mi |
| PIVOTAL STUFF, L.L.C. Tulsa · 2 employees | $1.4M | 13.7 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.3M |
| Estimate: the two combined (geometric mean) | $4.0M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $514K |
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 | $2.0M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.0M – $2.7M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $338K – $586K |
| Industry (NAICS) | All Other Miscellaneous Chemical Product and Preparation Manufacturing (325998) |
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
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $113K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Parnel Biogas, Inc.
Parnel Biogas, Inc. is an all other miscellaneous chemical product and preparation manufacturing company in Glenpool, Oklahoma, in business since 2004. Its estimated annual revenue is about $4.0M, with roughly $514K of EBITDA. It has about 9 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).
Common questions
- Who owns Parnel Biogas, Inc.?
- The owner of Parnel Biogas, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Parnel Biogas, Inc. make?
- SeeBITDA estimates Parnel Biogas, Inc.'s annual revenue at about $4.0M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Parnel Biogas, Inc. worth?
- About $2.0M, roughly 3.8× its estimated EBITDA of $514K, typical for a all other miscellaneous chemical product and preparation manufacturing company its size. Likely range: $1.0M–$2.7M.
- How many employees does Parnel Biogas, Inc. have?
- About 9, from its 2024 retirement-plan filing.
- When was Parnel Biogas, Inc. founded?
- Parnel Biogas, Inc. has been in business since 2004.