Preston-Eastin, Inc.
How we got $13.1M
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 Likely to sell
- In business 54 years (since 1972)
- 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
Preston Eastin designs and manufactures robotic positioners and welding positioners, including custom solutions, for robotic systems integrators and OEMs.
From the company's website. Industry: Welding and Soldering Equipment Manufacturing.
Customers & suppliers
Customers
- Aerobotix · named on its website
- Midwest Engineered Systems · named on its website
- Capital Machine Technologies · named on its website
- Edgewater Automation · named on its website
- VRC Metal Systems · named on its website
Estimated value over time
▲ 72% 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 |
|---|---|---|
| PRESTON-EASTIN, INC. this business | $21.7M | — |
| WILSON PRODUCTS, INC. Tulsa · 8 employees | $3.6M | 1.3 mi |
| MCWETHY INC Tulsa · 4 employees | $2.1M | 3.1 mi |
| OUTDOOR LLC Sapulpa · 7 employees | $2.7M | 3.5 mi |
| FRAC 1 ENTERPRISE, INC Tulsa · 3 employees | $1.9M | 3.8 mi |
| LIFT TECHNOLOGIES, INC Tulsa · 7 employees | $3.2M | 6.1 mi |
| ADVANCED CREATIVE SOLUTIONS, INC. Jenks · 1 employees | $478K | 7.3 mi |
The full calculation
| Employees reported to the SBA | 36 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.4M |
| Estimate: the two combined (geometric mean) | $21.7M |
| EBITDA margin (industry, adjusted for size) | 10% |
| 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 | $14.3M – $24.7M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | Welding and Soldering Equipment Manufacturing (333992) |
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
“Founded in 1972, Preston Eastin has provided innovative solutions to manufacturing positioning through a consultative approach to customer requirements.”
Leadership
- KDKevin DooleyDirector of Robotic Solutions · Company website · source
- PBPhilip BuggDirector of Robotic Solutions · Company website · source
- CDChuck DennisInside Sales Manager · Company website · source
- BBBrad BeallVice President · Company website · source
- JTJim TeroDirector of Operations · Company website · source
- DMDeanne McNabbDirector of Finance & Accounting · Company website · source
Advisors
- BankingEnterprise Bank & TrustPPP / 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
| Enterprise Bank & Trust PPP 2020, PPP 2021 | All 7 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $560K | 36 |
| 2/12/2021 | second | $560K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Preston-Eastin, Inc.
Preston-Eastin, Inc. is a welding and soldering equipment manufacturing company in Tulsa, Oklahoma, in business since 1972. It is owned by Gary Gamino (President). Its estimated annual revenue is about $21.7M, with roughly $2.3M of EBITDA. It has about 36 employees. Its estimated business value is $13.1M (likely range $6.9M–$17.9M).
Common questions
- Who owns Preston-Eastin, Inc.?
- Preston-Eastin, Inc. is owned by Gary Gamino (President), according to public sources such as the company's website or filings.
- How much revenue does Preston-Eastin, Inc. make?
- SeeBITDA estimates Preston-Eastin, Inc.'s annual revenue at about $21.7M (likely between $14.3M and $24.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Preston-Eastin, Inc. worth?
- About $13.1M, roughly 5.8× its estimated EBITDA of $2.3M, typical for a welding and soldering equipment manufacturing company its size. Likely range: $6.9M–$17.9M.
- How many employees does Preston-Eastin, Inc. have?
- About 36, as reported on its PPP loan.
- When was Preston-Eastin, Inc. founded?
- Preston-Eastin, Inc. has been in business since 1972.
- Is Preston-Eastin, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 54 years (since 1972); no family successor named on its website.