Ray Albright Steel Products Inc
How we got $11.5M
Based on its 17 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 52 years (since 1974)
From public records and the company's website, not a statement that it's for sale.
What they do
Ray Albright Steel Products is a family-owned steel and building materials supplier in Oklahoma City, serving Oklahoma since 1974 with rebar, concrete products, roofing materials, sheets and HVAC products, and other items. The site says it serves lumber dealers and both backyard and commercial projects.
From the company's website. Industry: Metal Service Centers and Other Metal Merchant Wholesalers.
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $498K
- Department of the Army · federal contracts $467K
- Federal Prison System / Bureau of Prisons · federal contracts $30K
- Federal Aviation Administration · federal contracts $17K
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ESKRIDGE AUTO GROUP, INC. · Oklahoma City, 11 mi · $314.7M
- HUDIBURG CHEVROLET, LLC · Midwest City, 8 mi · $278.5M
- FERGUSON PONTIAC-GMC, INC. · Norman, 14 mi · $266.8M
- FOWLER OF NORMAN INC · Norman, 13 mi · $242.9M
- BADGER VALLEY INVESTMENTS, LLC · Pauls Valley, 52 mi · $223.4M
Estimated value over time
▲ 24% 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
▲ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 17 | $25.2M |
| 2024 | Form 5500 | 20 | $29.7M |
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 |
|---|---|---|
| RAY ALBRIGHT STEEL PRODUCTS INC this business | $32.4M | — |
| ALLOY AND STAINLESS PIPING INCORPORATED Oklahoma City · 4 employees | $11.6M | 1.2 mi |
| ALBRIGHT STEEL & WIRE Oklahoma City · 23 employees | $42.4M | 1.6 mi |
| CUSTOM SALES INC. Oklahoma City · 3 employees | $7.3M | 3.0 mi |
| STEELE CAPITAL CORPORATION Oklahoma City · 3 employees | $6.7M | 3.1 mi |
| BOYD METALS OF OKLAHOMA CITY, INC. Oklahoma City · 34 employees | $55.1M | 3.8 mi |
| SNT RECYCLING BROKERS LLC Oklahoma City · 4 employees | $8.9M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $30.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $26.8M |
| Estimate: the two combined (geometric mean) | $32.4M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $2.2M |
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 | $11.5M |
| Multiple for this size and industry | 5.2× |
| Value range | $6.1M – $15.8M |
| Revenue range | $21.3M – $37.0M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | Metal Service Centers and Other Metal Merchant Wholesalers (423510) |
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
People & advisors
“Discover the Ray Albright Steel Products legacy, providing high-quality steel solutions across various industries since 1974.”
Advisors
- 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 | 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 |
|---|---|---|---|
| 4/15/2020 | first | $238K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ray Albright Steel Products Inc
Ray Albright Steel Products Inc is a family-owned metal service centers and other metal merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1974. Its estimated annual revenue is about $32.4M, with roughly $2.2M of EBITDA. It has about 20 employees. Its estimated business value is $11.5M (likely range $6.1M–$15.8M).
Common questions
- Who owns Ray Albright Steel Products Inc?
- The owner of Ray Albright Steel Products 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 Ray Albright Steel Products Inc make?
- SeeBITDA estimates Ray Albright Steel Products Inc's annual revenue at about $32.4M (likely between $21.3M and $37.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ray Albright Steel Products Inc worth?
- About $11.5M, roughly 5.2× its estimated EBITDA of $2.2M, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $6.1M–$15.8M.
- How many employees does Ray Albright Steel Products Inc have?
- About 20, from its 2024 retirement-plan filing.
- When was Ray Albright Steel Products Inc founded?
- Ray Albright Steel Products Inc has been in business since 1974.