Richart Distributors Inc.
- Brenda JamesonChief Financial Officer · Company website, Form 5500 (2021)
- Mike PerriChief Operating Officer · Company website
- Matt DuncanProduction Manager · Company website
- Byron GuinnSenior Sales Consultant · Company website
- Paige WarrenAccounts Payable/Accounts Receivable · Company website
How we got $5.8M
Based on its 13 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
- 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
Richart Distributors, Inc. is a distributor of Flomore American made products, including injectors, valves, and gauges, offering same-day shipping from stocked warehouses. It says its products are available for projects in the field and offshore.
From the company's website. Industry: Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers.
Estimated value over time
▲ 99% 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
▼ 15% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 13 | $11.8M |
| 2020 | Form 5500 | 13 | $11.8M |
| 2021 | Form 5500 | 12 | $10.9M |
| 2022 | Form 5500 | 11 | $10.0M |
| 2023 | Form 5500 | 8 | $7.3M |
| 2024 | Form 5500 | 11 | $10.0M |
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 |
|---|---|---|
| RICHART DISTRIBUTORS INC. this business | $19.6M | — |
| RICHARDT DISTRIBUTORS INC Oklahoma City · 13 employees | $19.7M | 0.0 mi |
| BIG CHIEF PIPE SUPPLY INC Oklahoma City · 5 employees | $3.8M | 0.4 mi |
| SPICER & SANDBURG, INC. Oklahoma City · 9 employees | $10.3M | 0.4 mi |
| C. P. SALES AND SERVICE, INC. Oklahoma City · 2 employees | $2.8M | 0.4 mi |
| LADD EQUIPMENT LP Oklahoma City · 5 employees | $7.2M | 0.6 mi |
| ALLSTATES PRODUCTION EQUIPMENT COMPANY, INC. Oklahoma City · 15 employees | $14.2M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.0M |
| Estimate: the two combined (geometric mean) | $19.6M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.3M |
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 | $5.8M |
| Multiple for this size and industry | 4.3× |
| Value range | $3.0M – $7.9M |
| Revenue range | $12.9M – $22.4M |
| EBITDA range | $884K – $1.5M |
| Industry (NAICS) | Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810) |
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
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2021 | second | $248K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Richart Distributors Inc.
Richart Distributors Inc. is a construction and mining (except oil well) machinery and equipment merchant wholesalers company in Oklahoma City, Oklahoma, in business since 2000. It is owned by Rex Haymaker (Executive Vice President). Its estimated annual revenue is about $19.6M, with roughly $1.3M of EBITDA. It has about 11 employees. Its estimated business value is $5.8M (likely range $3.0M–$7.9M).
Common questions
- Who owns Richart Distributors Inc.?
- Richart Distributors Inc. is owned by Rex Haymaker (Executive Vice President), according to public sources such as the company's website or filings.
- How much revenue does Richart Distributors Inc. make?
- SeeBITDA estimates Richart Distributors Inc.'s annual revenue at about $19.6M (likely between $12.9M and $22.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Richart Distributors Inc. worth?
- About $5.8M, roughly 4.3× its estimated EBITDA of $1.3M, typical for a construction and mining (except oil well) machinery and equipment merchant wholesalers company its size. Likely range: $3.0M–$7.9M.
- How many employees does Richart Distributors Inc. have?
- About 11, from its 2024 retirement-plan filing.
- When was Richart Distributors Inc. founded?
- Richart Distributors Inc. has been in business since 2000.