Plow Technologies LLC
How we got $21.0M
Based on its 37 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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
▼ 19% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 37 | $13.3M |
| 2020 | Form 5500 | 27 | $9.7M |
| 2021 | Form 5500 | 31 | $11.2M |
| 2022 | Form 5500 | 28 | $10.1M |
| 2023 | Form 5500 | 30 | $10.8M |
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
Plow Technologies, the field measurement and instrumentation services division of PakEnergy, designs, builds, and maintains custom control and SCADA systems to automate field operations. Its page lists clients across upstream oil and gas, midstream, water, renewables, food and beverage, and manufacturing.
From the company's website. Industry: Oil & gas.
Customers & suppliers
Suppliers & brands
- OnPing · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- UNITED PETROLEUM TRANSPORTS, INC. · Oklahoma City, 7 mi · $282.4M
- HOBBY LOBBY STORES INC · Oklahoma City, 4 mi · $206.0M
- D & M CARRIERS LLC · Oklahoma City, 4 mi · $115.4M
- MILLER TRUCK LINES LLC · Stroud, 56 mi · $106.7M
- BIG STAR TRANSPORTATION, LLC · Oklahoma City, 11 mi · $96.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PLOW TECHNOLOGIES LLC this business | $21.0M | — |
| H-K TUBULAR SALES COMPANY Oklahoma City · 8 employees | $3.5M | 0.2 mi |
| Maverick Rental Tools Oklahoma City | $1.5M | 0.3 mi |
| J-W Wireline Co. Oklahoma City | $1.5M | 0.4 mi |
| CP MATERIALS, LLC Oklahoma City · 3 employees | $1.1M | 0.8 mi |
| W74 Oil Tools - OKC Warehouse Oklahoma City | $1.5M | 1.2 mi |
| REDNEX OILFIELD RENTALS LLC Oklahoma City · 68 employees | $35.8M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.5M |
| Estimate: the two combined (geometric mean) | $21.0M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.8M |
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 | $21.0M |
| Multiple for this size and industry | 4.4× |
| Value range | $11.0M – $28.7M |
| Revenue range | $13.8M – $23.9M |
| EBITDA range | $3.1M – $5.4M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingMidFirst 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
| MidFirst Bank PPP 2020 | All 2,403 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 | $581K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Plow Technologies LLC
Plow Technologies LLC is an oil & gas company in Oklahoma City, Oklahoma, in business since 2011. Its estimated annual revenue is about $21.0M, with roughly $4.8M of EBITDA. It has about 30 employees. Its estimated business value is $21.0M (likely range $11.0M–$28.7M).
Common questions
- Who owns Plow Technologies LLC?
- The owner of Plow Technologies LLC 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 Plow Technologies LLC make?
- SeeBITDA estimates Plow Technologies LLC's annual revenue at about $21.0M (likely between $13.8M and $23.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Plow Technologies LLC worth?
- About $21.0M, roughly 4.4× its estimated EBITDA of $4.8M, typical for a oil & gas company its size. Likely range: $11.0M–$28.7M.
- How many employees does Plow Technologies LLC have?
- About 30, from its 2023 retirement-plan filing.
- When was Plow Technologies LLC founded?
- Plow Technologies LLC has been in business since 2011.