Piping Enterprise Company, Inc.
How we got $55.1M
Based on its 109 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 6% 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
▲ 6% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 109 | $31.9M |
| 2020 | Form 5500 | 75 | $22.0M |
| 2021 | Form 5500 | 82 | $24.0M |
| 2022 | Form 5500 | 66 | $19.3M |
| 2023 | Form 5500 | 72 | $21.1M |
| 2024 | Form 5500 | 82 | $24.0M |
| 2025 | Form 5500 | 115 | $33.7M |
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
What they do
Piping Enterprise Company is a fabrication, alloy welding, testing, painting and installation shop in Sand Springs, Oklahoma, serving clients worldwide in petrochemical, oil and gas, and energy industries.
From the company's website. Industry: Plate Work Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 8 mi · $33.63B
- Helmerich & Payne · Tulsa, 8 mi · $3.75B
- EXPLORER PIPELINE COMPANY · Tulsa, 12 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 11 mi · $467.9M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 8 mi · $326.8M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PIPING ENTERPRISE COMPANY, INC. this business | $76.0M | — |
| IKG Sand Springs | $1.3M | 2.3 mi |
| BENDMASTERS, INC. Tulsa · 7 employees | $2.2M | 3.8 mi |
| Wagner Plate Works Tulsa | $3.0M | 6.4 mi |
| LASER SPECIALTIES, INC. Tulsa · 41 employees | $20.0M | 6.5 mi |
| S&S FABRICATIONS, LLC Tulsa · 4 employees | $1.5M | 6.7 mi |
| Sawyer Fabrication Tulsa | $3.0M | 6.8 mi |
The full calculation
| Employees reported to the SBA | 109 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $45.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $98.4M |
| Estimate: the two combined (geometric mean) | $76.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $8.1M |
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 | $55.1M |
| Multiple for this size and industry | 6.8× |
| Value range | $29.0M – $75.3M |
| Revenue range | $50.0M – $86.6M |
| EBITDA range | $5.3M – $9.2M |
| Industry (NAICS) | Plate Work Manufacturing (332313) |
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
“President Charlie Blevins has been a prime example of these values since the beginning and has modeled them for the entire organization since its inception in 2011.”
Advisors
- BankingAmerican Bank and Trust CompanyPPP / 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
| American Bank and Trust Company PPP 2020 | All 117 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $2.5M | 109 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Piping Enterprise Company, Inc.
Piping Enterprise Company, Inc. is a plate work manufacturing company in Sand Springs, Oklahoma, in business since 2011. It is owned by Charlie Blevins (President). Its estimated annual revenue is about $76.0M, with roughly $8.1M of EBITDA. It has about 115 employees. Its estimated business value is $55.1M (likely range $29.0M–$75.3M).
Common questions
- Who owns Piping Enterprise Company, Inc.?
- Piping Enterprise Company, Inc. is owned by Charlie Blevins (President), according to public sources such as the company's website or filings.
- How much revenue does Piping Enterprise Company, Inc. make?
- SeeBITDA estimates Piping Enterprise Company, Inc.'s annual revenue at about $76.0M (likely between $50.0M and $86.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Piping Enterprise Company, Inc. worth?
- About $55.1M, roughly 6.8× its estimated EBITDA of $8.1M, typical for a plate work manufacturing company its size. Likely range: $29.0M–$75.3M.
- How many employees does Piping Enterprise Company, Inc. have?
- About 115, from its 2025 retirement-plan filing.
- When was Piping Enterprise Company, Inc. founded?
- Piping Enterprise Company, Inc. has been in business since 2011.