Premier Steel Service, LLC
How we got $13.1M
Based on its 45 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 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
What they do
Premier Steel Services is a Glenpool, Oklahoma structural steel and fabrication company, in business since 2003, offering building construction, steel processing and its patented Fast Cast bridge replacement system for communities and infrastructure projects.
From the company's website. Industry: Plate Work Manufacturing.
Customers & suppliers
Customers
- Cherokee Nation · named on its website
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PREMIER STEEL SERVICE, LLC this business | $19.7M | — |
| PREMIER STEEL SERVICES LLC Glenpool · 45 employees | $19.7M | 0.0 mi |
| TULSA HOME GUARD INC. Bixby · 7 employees | $2.3M | 6.9 mi |
| BYWELD 2ND GENERATION, LLC Bixby · 9 employees | $5.3M | 7.1 mi |
| NMB MANUFACTURING, LLC Bixby · 47 employees | $20.7M | 7.3 mi |
| D & N FABRICATION, INC. Sapulpa · 57 employees | $47.2M | 7.6 mi |
| AMRON ENTERPRISES, LLC Sapulpa · 4 employees | $2.7M | 7.8 mi |
The full calculation
| Employees reported to the SBA | 45 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.9M |
| Estimate: the two combined (geometric mean) | $19.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.3M |
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 | $13.1M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.9M – $17.9M |
| Revenue range | $13.0M – $22.5M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | Plate Work Manufacturing (332313) |
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
“Founded in 2003, Premier Steel Services began as a sales and project-management firm for structural steel before expanding into fabrication operations in 2004.”
Advisors
- BankingPeoples 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
| Peoples Bank and Trust Company PPP 2020 | All 320 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 | $425K | 45 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Premier Steel Service, LLC
Premier Steel Service, LLC is a plate work manufacturing company in Glenpool, Oklahoma, in business since 2003. It is owned by Andy Vanaman (President). Its estimated annual revenue is about $19.7M, with roughly $2.3M of EBITDA. It has about 45 employees. Its estimated business value is $13.1M (likely range $6.9M–$17.9M).
Common questions
- Who owns Premier Steel Service, LLC?
- Premier Steel Service, LLC is owned by Andy Vanaman (President), according to public sources such as the company's website or filings.
- How much revenue does Premier Steel Service, LLC make?
- SeeBITDA estimates Premier Steel Service, LLC's annual revenue at about $19.7M (likely between $13.0M and $22.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Premier Steel Service, LLC worth?
- About $13.1M, roughly 5.8× its estimated EBITDA of $2.3M, typical for a plate work manufacturing company its size. Likely range: $6.9M–$17.9M.
- How many employees does Premier Steel Service, LLC have?
- About 45, as reported on its PPP loan.
- When was Premier Steel Service, LLC founded?
- Premier Steel Service, LLC has been in business since 2003.