Platinum Cross Welding Inc
How we got $5.0M
Based on its 36 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 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
Platinum Cross Welding is an industrial welding and fabrication company in Okemah, OK that builds fabricated products, with the Oil & Gas industry named as a key market it serves.
From the company's website. Industry: Other Foundation, Structure, and Building Exterior Contractors.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ADVANTAGE ENERGY SERVICES LLC · Mcalester, 41 mi · $1.19B
- EXPLORER PIPELINE COMPANY · Tulsa, 50 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 51 mi · $467.8M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 56 mi · $326.8M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 56 mi · $315.1M
Estimated value over time
▲ 33% 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
▲ 58% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 36 | $8.7M |
| 2020 | Form 5500 | 49 | $11.8M |
| 2021 | Form 5500 | 18 | $4.3M |
| 2022 | Form 5500 | 22 | $5.3M |
| 2023 | Form 5500 | 34 | $8.2M |
| 2024 | Form 5500 | 43 | $10.3M |
| 2025 | Form 5500 | 57 | $13.7M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PLATINUM CROSS WELDING INC this business | $16.8M | — |
| A.O. INC Okemah · 6 employees | $1.6M | 4.4 mi |
| BUSTER SCOTT Okemah · 1 employees | $1.0M | 4.6 mi |
| COY CONSTRUCTION LL Okemah · 1 employees | $714K | 6.0 mi |
| ALL AROUND ROOFING AND CONSTRUCTION 316, LLC Henryetta · 1 employees | $714K | 16.0 mi |
| DOTY CONCRETE CONSTRUCTION, LLC Henryetta · 1 employees | $678K | 19.2 mi |
| ARV SHEETMETAL & ROOFING LLC Seminole · 10 employees | $3.3M | 19.2 mi |
The full calculation
| Employees reported to the SBA | 36 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.8M |
| Estimate: the two combined (geometric mean) | $16.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.0M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.6M – $6.8M |
| Revenue range | $11.0M – $19.1M |
| EBITDA range | $959K – $1.7M |
| 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
People & advisors
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $576K | 36 |
| 2/8/2021 | second | $576K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Platinum Cross Welding Inc
Platinum Cross Welding Inc is an other foundation, structure, and building exterior contractors company in Okemah, Oklahoma, in business since 2009. Its estimated annual revenue is about $16.8M, with roughly $1.5M of EBITDA. It has about 57 employees. Its estimated business value is $5.0M (likely range $2.6M–$6.8M).
Common questions
- Who owns Platinum Cross Welding Inc?
- The owner of Platinum Cross Welding 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 Platinum Cross Welding Inc make?
- SeeBITDA estimates Platinum Cross Welding Inc's annual revenue at about $16.8M (likely between $11.0M and $19.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Platinum Cross Welding Inc worth?
- About $5.0M, roughly 3.4× its estimated EBITDA of $1.5M, typical for a other foundation, structure, and building exterior contractors company its size. Likely range: $2.6M–$6.8M.
- How many employees does Platinum Cross Welding Inc have?
- About 57, from its 2025 retirement-plan filing.
- When was Platinum Cross Welding Inc founded?
- Platinum Cross Welding Inc has been in business since 2009.