Polymate, LLC
- Jeannie MartinSigns company filings · Form 5500 (2024)
How we got $2.4M
Based on its 12 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 35 years (since 1991)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Polymate Corporation is a manufacturer of stainless steel fittings based in Healdton, Oklahoma, serving the oil, gas, and waterworks industries.
From the company's website. Industry: Fabricated Pipe and Pipe Fitting Manufacturing.
Estimated value over time
▲ 31% 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
▲ 8% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $3.2M |
| 2020 | Form 5500 | 9 | $2.4M |
| 2021 | Form 5500 | 7 | $1.9M |
| 2022 | Form 5500 | 8 | $2.1M |
| 2023 | Form 5500 | 8 | $2.1M |
| 2024 | Form 5500 | 13 | $3.5M |
| 2025 | Form 5500 | 13 | $3.5M |
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 |
|---|---|---|
| POLYMATE, LLC this business | $4.7M | — |
| H2W INC. Ardmore · 4 employees | $1.2M | 14.7 mi |
| DUNCAN MACHINE PRODUCTS, INC Duncan · 61 employees | $26.7M | 32.2 mi |
| SOUTHWEST OKLAHOMA HOSE SPECIALISTS LLC Marlow · 2 employees | $2.0M | 39.3 mi |
| SOONER VALVE REPAIR LLC Lindsay · 4 employees | $2.5M | 42.5 mi |
| CB BRUMLEY FABRICATIONS LLC Marlow · 3 employees | $1.4M | 44.6 mi |
| AMERICAN DIRECTIONAL TECHNOLOGY, INC. Wayne · 40 employees | $26.7M | 48.0 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.4M |
| Estimate: the two combined (geometric mean) | $4.7M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $616K |
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 | $2.4M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.3M – $3.3M |
| Revenue range | $3.1M – $5.4M |
| EBITDA range | $405K – $702K |
| Industry (NAICS) | Fabricated Pipe and Pipe Fitting Manufacturing (332996) |
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
- BankingFirst Bank and Trust CoPPP / 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
| First Bank and Trust Co PPP 2020 | All 694 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 | $135K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Polymate, LLC
Polymate, LLC is a fabricated pipe and pipe fitting manufacturing company in Healdton, Oklahoma, in business since 1991. It is owned by Paul Martin (President & Owner). Its estimated annual revenue is about $4.7M, with roughly $616K of EBITDA. It has about 13 employees. Its estimated business value is $2.4M (likely range $1.3M–$3.3M).
Common questions
- Who owns Polymate, LLC?
- Polymate, LLC is owned by Paul Martin (President & Owner), according to public sources such as the company's website or filings.
- How much revenue does Polymate, LLC make?
- SeeBITDA estimates Polymate, LLC's annual revenue at about $4.7M (likely between $3.1M and $5.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Polymate, LLC worth?
- About $2.4M, roughly 3.9× its estimated EBITDA of $616K, typical for a fabricated pipe and pipe fitting manufacturing company its size. Likely range: $1.3M–$3.3M.
- How many employees does Polymate, LLC have?
- About 13, from its 2025 retirement-plan filing.
- When was Polymate, LLC founded?
- Polymate, LLC has been in business since 1991.