Rigid Automation
- James BeedleBHI Owner · Company website
- Patricia BeedleBHI Project Manager · Company website
How we got $2.3M
Based on its 7 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 1% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
What they do
RIGID Automation, part of Rigid Industrial Group in Norman, Oklahoma, designs, fabricates and assembles UL listed industrial control panels for manufacturing and industrial applications, and offers related fabrication, electrical and field services.
From the company's website. Industry: Switchgear and Switchboard Apparatus Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 20 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 30 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 31 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 22 mi · $711.9M
- MUSTANG FUEL CORPORATION · Oklahoma City, 27 mi · $708.4M
- COLLISION WORKS OF OKLAHOMA, LLC · Oklahoma City, 17 mi · $170.1M
- CAR CRAFT AUTO BODY LLC · El Reno, 40 mi · $23.6M
- Bench Mark Motors · Oklahoma City, 18 mi · $22.5M
- Mayhem ATV · Dibble, 17 mi · $22.5M
- Mustang Motorcycle & Machine · Mustang, 22 mi · $22.5M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RIGID AUTOMATION this business | $4.4M | — |
| EVANS ENTERPRISES, INC. Norman · 305 employees | $184.2M | 8.4 mi |
| SOUTHWEST ELECTRIC CO. Oklahoma City · 223 employees | $146.7M | 14.0 mi |
| Design Ready Controls Oklahoma City | $1.3M | 19.3 mi |
| ALL STATE ELECTRIC MOTORS Oklahoma City · 9 employees | $2.9M | 20.8 mi |
| BOOMER DIESEL GENERATOR LLC Oklahoma City · 7 employees | $2.5M | 21.1 mi |
| BRANSON ELECTRIC LLC Maud · 1 employees | $1.4M | 30.7 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.4M |
| Estimate: the two combined (geometric mean) | $4.4M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $596K |
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 | $2.3M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.2M – $3.2M |
| Revenue range | $2.9M – $5.0M |
| EBITDA range | $392K – $680K |
| Industry (NAICS) | Switchgear and Switchboard Apparatus Manufacturing (335313) |
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
“RIGID Industrial Group began many years ago as RIGID Oilfield Services, a small company focused on civil work and oilfield needs in western Oklahoma.”
Advisors
- BankingLiberty National 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
| Liberty National Bank PPP 2021 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/26/2021 | second | $104K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rigid Automation
Rigid Automation is a switchgear and switchboard apparatus manufacturing company in Norman, Oklahoma, in business since 2019. It is owned by Kevin Metheny. Its estimated annual revenue is about $4.4M, with roughly $596K of EBITDA. It has about 7 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.2M).
Common questions
- Who owns Rigid Automation?
- Rigid Automation is owned by Kevin Metheny, according to public sources such as the company's website or filings.
- How much revenue does Rigid Automation make?
- SeeBITDA estimates Rigid Automation's annual revenue at about $4.4M (likely between $2.9M and $5.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rigid Automation worth?
- About $2.3M, roughly 3.9× its estimated EBITDA of $596K, typical for a switchgear and switchboard apparatus manufacturing company its size. Likely range: $1.2M–$3.2M.
- How many employees does Rigid Automation have?
- About 7, as reported on its PPP loan.
- When was Rigid Automation founded?
- Rigid Automation has been in business since 2019.