Patriot Steel LLC
How we got $345K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Patriot Steel LLC is a local steel and metal distributor and full-service steel warehouse in Harrah, Oklahoma, supplying structural (black iron) material and processing it as customers need. It serves central Oklahoma's steel needs.
From the company's website. Industry: Metal Service Centers and Other Metal Merchant Wholesalers.
Customers & suppliers
Customers
- Department of the Army · federal contracts $3.4M
- Department of the Air Force · federal contracts $1.1M
- Bureau of Land Management · federal contracts $87K
- U.S. Fish and Wildlife Service · federal contracts $79K
Estimated value over time
▲ 24% 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 |
|---|---|---|
| PATRIOT STEEL LLC this business | $1.4M | — |
| INTERNATIONAL PIPE & SUPPLY, LLC Oklahoma City · 38 employees | $59.3M | 14.0 mi |
| KARCHMER Oklahoma City · 28 employees | $50.7M | 14.0 mi |
| KARCHMER PIPE & SUPPLY COMPANY, INC Oklahoma City · 3 employees | $7.1M | 14.9 mi |
| STANDARD STEEL CO., LLC Oklahoma City · 11 employees | $19.8M | 15.6 mi |
| Special Metals Oklahoma City | $1.3M | 16.1 mi |
| Metals Usa Oklahoma City | $9.6M | 16.1 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $821K |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $144K |
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 | $345K |
| Multiple for this size and industry | 2.4× |
| Value range | $182K – $472K |
| Revenue range | $934K – $1.6M |
| EBITDA range | $95K – $164K |
| Industry (NAICS) | Metal Service Centers and Other Metal Merchant Wholesalers (423510) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $7K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Patriot Steel LLC
Patriot Steel LLC is a metal service centers and other metal merchant wholesalers company in Harrah, Oklahoma. It is owned by Troy Chitsey. Its estimated annual revenue is about $1.4M, with roughly $144K of EBITDA. It has about 1 employees. Its estimated business value is $345K (likely range $182K–$472K).
Common questions
- Who owns Patriot Steel LLC?
- Patriot Steel LLC is owned by Troy Chitsey, according to public sources such as the company's website or filings.
- How much revenue does Patriot Steel LLC make?
- SeeBITDA estimates Patriot Steel LLC's annual revenue at about $1.4M (likely between $934K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Patriot Steel LLC worth?
- About $345K, roughly 2.4× its estimated EBITDA of $144K, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $182K–$472K.
- How many employees does Patriot Steel LLC have?
- About 1, as reported on its PPP loan.