Pier Drillers, Inc
How we got $9.7M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 34 years (since 1992)
From public records and the company's website, not a statement that it's for sale.
What they do
Pier Drillers is a foundation drilling company in Oklahoma City that has been providing drilling services since 1992. It serves clients across the United States, including bridges, oil and gas plants, signs, light poles, homes, and other projects.
From the company's website. Industry: Other Foundation, Structure, and Building Exterior Contractors.
Customers & suppliers
Customers
- Winstar Casino · named on its website
- Wheeler Ferris Wheel · named on its website
- Top Golf Oklahoma City · named on its website
- Steelyard Apartments · named on its website
- St. Francis Hospital · named on its website
- OSU Indoor Practice Facility · named on its website
- Oklahoma City National-Memorial · named on its website
- Oklahoma City Zoo Asia Exhibit Phase I · named on its website
- OKC Maps 3 Streetcar · named on its website
- Headington Hall OU · named on its website
- John Rex Elementary · named on its website
- Downtown OKC Metropolitan-Library · named on its website
- Bricktown Canal · named on its website
- Boeing Office Building · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 3 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 8 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 8 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 2 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 6 mi · $651.7M
- CANDID COLOR SYSTEMS, INC. · Oklahoma City, 6 mi · $29.9M
- DELSON PROPERTIES, LTD · El Reno, 25 mi · $23.1M
- VOX PRINTING LLC · Oklahoma City, 5 mi · $21.4M
- QUIK PRINT OF OKLAHOMA CITY, INC · Oklahoma City, 6 mi · $17.7M
- SOUTHWESTERN STATIONERY AND BANK SUPPLY, INC. · Oklahoma City, 1 mi · $16.7M
- BENNETT CONSTRUCTION, INC. · Oklahoma City, 1 mi · $790.9M
- H.C. EMPLOYEES LLC · Moore, 12 mi · $196.4M
- FUENTES CONCRETE CONSTRUCTION · Edmond, 14 mi · $177.4M
- IDEAL HOMES OF NORMAN, LP · Norman, 19 mi · $163.9M
- TABER BUILT HOMES, LLC · Oklahoma City, 7 mi · $135.1M
Estimated value over time
▲ 5% 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 |
|---|---|---|
| PIER DRILLERS, INC this business | $9.1M | — |
| OSCAR HOLDINGS LLC Oklahoma City · 1 employees | $631K | 0.9 mi |
| CHARLOTTE RENE INC Oklahoma City · 1 employees | $388K | 1.0 mi |
| JULIE MYRICK LLC Oklahoma City · 1 employees | $560K | 1.0 mi |
| NATIONAL FIELD SERVICES, LLC Oklahoma City · 2 employees | $1.0M | 1.0 mi |
| GOTHIC OIL & GAS, LLC Oklahoma City · 1 employees | $706K | 1.2 mi |
| JOYCE OPERATING, LLC Oklahoma City · 1 employees | $604K | 1.2 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.8M |
| Estimate: the two combined (geometric mean) | $9.1M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.2M |
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 | $9.7M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.1M – $13.3M |
| Revenue range | $6.0M – $10.3M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | Other Foundation, Structure, and Building Exterior Contractors (238190) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Since 1992, Pier Drillers has been providing high quality, cost- effective, dependable drilling to the United States.”
Advisors
- BankingThe Citizens Bank of EdmondPPP / 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 Citizens Bank of Edmond PPP 2020, PPP 2021 | All 502 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $263K | 17 |
| 1/30/2021 | second | $263K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Pier Drillers, Inc
Pier Drillers, Inc is an other foundation, structure, and building exterior contractors company in Oklahoma City, Oklahoma, in business since 1992. Its estimated annual revenue is about $9.1M, with roughly $2.2M of EBITDA. It has about 17 employees. Its estimated business value is $9.7M (likely range $5.1M–$13.3M).
Common questions
- Who owns Pier Drillers, Inc?
- The owner of Pier Drillers, 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 Pier Drillers, Inc make?
- SeeBITDA estimates Pier Drillers, Inc's annual revenue at about $9.1M (likely between $6.0M and $10.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Pier Drillers, Inc worth?
- About $9.7M, roughly 4.4× its estimated EBITDA of $2.2M, typical for a other foundation, structure, and building exterior contractors company its size. Likely range: $5.1M–$13.3M.
- How many employees does Pier Drillers, Inc have?
- About 17, as reported on its PPP loan.
- When was Pier Drillers, Inc founded?
- Pier Drillers, Inc has been in business since 1992.