Raintech, Inc.
- Marsha WatkinsFounder & CFO · Company website
- Mike WellsVice President · Company website
- Daniel PiersolSheet metal shop staff · Company website
- Morgan PascaleSheet metal shop staff · Company website
- Harley WarnerSheet metal shop staff · Company website
How we got $2.0M
Based on its 15 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 23 years (since 2003)
- Founder still runs it after 23 years
- Family in the business (Marsha Watkins, Founder & CFO)
From public records and the company's website, not a statement that it's for sale.
What they do
RainTech Roofing is a Tulsa, OK roofing, sheet metal and gutter contractor serving homeowners and commercial buildings in Tulsa and northeast Oklahoma, offering free inspections.
From the company's website. Industry: Roofing.
Customers & suppliers
Customers
- Morton Health · named on its website
- Wenmoor Estates · named on its website
- ARF House · named on its website
Suppliers & brands
- GAF · brand it sells or installs
- Leaf Terminator · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PACESETTER CLAIMS SERVICES, IC. · Tulsa, 15 mi · $75.5M
- RICH & CARTMILL, INC. · Tulsa, 10 mi · $46.8M
- PACESETTER CLAIMS SERVICE INC. · Tulsa, 15 mi · $44.7M
- TWO OAKS INVESTMENTS, LLC · Broken Arrow, 10 mi · $23.2M
- ATI INSURANCE GROUP INC · Jenks, 7 mi · $18.9M
Estimated value over time
▲ 32% 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
▲ 13% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $5.1M |
| 2020 | Form 5500 | 12 | $4.1M |
| 2021 | Form 5500 | 17 | $5.8M |
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 |
|---|---|---|
| RAINTECH, INC. this business | $7.7M | — |
| DALCO & ASSOCIATES LLC Bixby · 17 employees | $4.1M | 0.0 mi |
| Roofscapes Exteriors Bixby | $2.2M | 0.1 mi |
| Restoration Builders of Oklahoma Bixby | $2.2M | 0.1 mi |
| RYDER BRICK, INC Bixby · 18 employees | $4.4M | 0.2 mi |
| 918 CONSTRUCTION LLC Bixby · 6 employees | $3.3M | 0.3 mi |
| SCOGGINS ROOFING, INC. Bixby · 13 employees | $6.9M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.6M |
| Estimate: the two combined (geometric mean) | $7.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $716K |
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 | $2.0M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.1M – $2.7M |
| Revenue range | $5.1M – $8.8M |
| EBITDA range | $471K – $817K |
| Industry (NAICS) | Roofing Contractors (238160) |
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
“RainTech Roofing, Sheet Metal & Gutters began in Tulsa in 2003 as a specialized gutter company, founded by Freddie and Marsha Watkins.”
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $127K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Raintech, Inc.
Raintech, Inc. is a roofing company in Bixby, Oklahoma, in business since 2003. It is owned by Freddie Watkins (Founder & CEO). Its estimated annual revenue is about $7.7M, with roughly $716K of EBITDA. It has about 17 employees. Its estimated business value is $2.0M (likely range $1.1M–$2.7M).
Common questions
- Who owns Raintech, Inc.?
- Raintech, Inc. is owned by Freddie Watkins (Founder & CEO), according to public sources such as the company's website or filings.
- How much revenue does Raintech, Inc. make?
- SeeBITDA estimates Raintech, Inc.'s annual revenue at about $7.7M (likely between $5.1M and $8.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Raintech, Inc. worth?
- About $2.0M, roughly 2.8× its estimated EBITDA of $716K, typical for a roofing company its size. Likely range: $1.1M–$2.7M.
- How many employees does Raintech, Inc. have?
- About 17, from its 2021 retirement-plan filing.
- When was Raintech, Inc. founded?
- Raintech, Inc. has been in business since 2003.