Proform Group Inc.
How we got $60.1M
Based on its 170 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▼ 13% 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
▼ 23% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 170 | $57.5M |
| 2020 | Form 5500 | 136 | $46.0M |
| 2021 | Form 5500 | 133 | $45.0M |
| 2022 | Form 5500 | 131 | $44.3M |
| 2023 | Form 5500 | 131 | $44.3M |
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 |
|---|---|---|
| PROFORM GROUP INC. this business | $82.9M | — |
| FTDM INVESTMENTS, LLC Locust Grove · 97 employees | $68.3M | 25.2 mi |
| PARFAB INDUSTRIES LLC Inola · 93 employees | $71.6M | 30.0 mi |
| E-TECH, INC. Broken Arrow · 30 employees | $16.8M | 30.6 mi |
| KELVION INC. Catoosa | $614.3M | 36.1 mi |
| LAMB INDUSTRIES, LLC Tulsa · 1 employees | $778K | 36.7 mi |
| B.L.M. EQUIPMENT AND MANUFACTURING COMPANY, INC. Catoosa · 20 employees | $12.2M | 37.5 mi |
The full calculation
| Employees reported to the SBA | 170 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $84.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $62.9M |
| Estimate: the two combined (geometric mean) | $82.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $8.8M |
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 | $60.1M |
| Multiple for this size and industry | 6.8× |
| Value range | $31.6M – $82.2M |
| Revenue range | $54.5M – $94.5M |
| EBITDA range | $5.8M – $10.1M |
| Industry (NAICS) | Metal Tank (Heavy Gauge) Manufacturing (332420) |
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
History & advisors
Advisors
- AccountingStanfield & O'Dell, P.C.Audits its 401(k) plan (2022 filing)
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $1.6M | 170 |
| 1/22/2021 | second | $1.6M | 112 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Proform Group Inc.
Proform Group Inc. is a metal tank (heavy gauge) manufacturing company in Muskogee, Oklahoma, in business since 2014. Its estimated annual revenue is about $82.9M, with roughly $8.8M of EBITDA. It has about 131 employees. Its estimated business value is $60.1M (likely range $31.6M–$82.2M).
Common questions
- Who owns Proform Group Inc.?
- The owner of Proform Group 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 Proform Group Inc. make?
- SeeBITDA estimates Proform Group Inc.'s annual revenue at about $82.9M (likely between $54.5M and $94.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Proform Group Inc. worth?
- About $60.1M, roughly 6.8× its estimated EBITDA of $8.8M, typical for a metal tank (heavy gauge) manufacturing company its size. Likely range: $31.6M–$82.2M.
- How many employees does Proform Group Inc. have?
- About 131, from its 2023 retirement-plan filing.
- When was Proform Group Inc. founded?
- Proform Group Inc. has been in business since 2014.