R.w. Holland I, LLC
How we got $15.2M
Based on 51 employees on its 2025 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 57 years (since 1969)
- Founder still runs it after 57 years
- 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
R.W. Holland LLC is a Tulsa-based manufacturer of hairpin heat exchangers and related heat transfer equipment, serving the petroleum, petrochemical, chemical, and power industries.
From the company's website. Industry: Power Boiler and Heat Exchanger Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Unit Corporation · Tulsa, 9 mi · $988.3M
- EXPLORER PIPELINE COMPANY · Tulsa, 5 mi · $505.6M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 5 mi · $324.7M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 9 mi · $257.3M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 8 mi · $226.8M
Estimated value over time
▲ 48% 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 | 43 | $18.2M |
| 2020 | Form 5500 | 42 | $17.8M |
| 2021 | Form 5500 | 42 | $17.8M |
| 2022 | Form 5500 | 42 | $17.8M |
| 2023 | Form 5500 | 48 | $20.3M |
| 2024 | Form 5500 | 44 | $18.6M |
| 2025 | Form 5500 | 51 | $21.6M |
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 |
|---|---|---|
| R.W. HOLLAND I, LLC this business | $24.5M | — |
| LAMB INDUSTRIES, LLC Tulsa · 1 employees | $482K | 2.4 mi |
| OPTIMUS INDUSTRIES LLC Tulsa · 140 employees | $59.9M | 5.3 mi |
| AXH HOLDINGS Tulsa · 409 employees | $197.9M | 5.3 mi |
| HEAT TRANSFER EQUIPMENT COMPANY Tulsa · 133 employees | $56.4M | 6.0 mi |
| HUGHES ANDERSON HEAT EXCHANGERS, INC. Tulsa · 134 employees | $54.2M | 6.1 mi |
| ADVANCED PRECISION FABRICATORS INC. Tulsa · 16 employees | $3.3M | 6.2 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $15.2M |
| Multiple for this size and industry | 5.8× |
| Value range | $9.7M – $27.3M |
| Employees in its retirement plan (2025 Form 5500) | 51 |
| Industry revenue per employee | $424K |
| Revenue = employees × revenue per employee | $24.5M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.6M |
| For comparison: employees reported for PPP (2020) | 43 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $19.6M – $36.8M |
| EBITDA range | $2.1M – $3.9M |
| Industry (NAICS) | Power Boiler and Heat Exchanger Manufacturing (332410) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“This dream finally became a reality when Richard Holland founded R.W. Holland Inc in Jan 1969.”
Leadership
Advisors
- BankingSecurity 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
| Security Bank PPP 2020, PPP 2021 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $746K | 43 |
| 1/30/2021 | second | $610K | 43 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About R.w. Holland I, LLC
R.w. Holland I, LLC is a power boiler and heat exchanger manufacturing company in Tulsa, Oklahoma, in business since 1969. It is owned by Richard Holland (Founder). Its estimated annual revenue is about $24.5M, with roughly $2.6M of EBITDA. It has about 51 employees. Its estimated business value is $15.2M (likely range $9.7M–$27.3M).
Common questions
- Who owns R.w. Holland I, LLC?
- R.w. Holland I, LLC is owned by Richard Holland (Founder), according to public sources such as the company's website or filings.
- How much revenue does R.w. Holland I, LLC make?
- SeeBITDA estimates R.w. Holland I, LLC's annual revenue at about $24.5M (likely between $19.6M and $36.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is R.w. Holland I, LLC worth?
- About $15.2M, roughly 5.8× its estimated EBITDA of $2.6M, typical for a power boiler and heat exchanger manufacturing company its size. Likely range: $9.7M–$27.3M.
- How many employees does R.w. Holland I, LLC have?
- About 51, from its 2025 retirement-plan filing.
- When was R.w. Holland I, LLC founded?
- R.w. Holland I, LLC has been in business since 1969.
- Is R.w. Holland I, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 57 years (since 1969); founder still runs it after 57 years; no family successor named on its website.