Royal Filter Manufacturing Company, Inc.
How we got $8.8M
Based on its 33 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 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
What they do
Royal Filter manufactures OEM and replacement filtration products, with special emphasis on the Oil and Gas sector on a global scale. It provides products serving a number of Fortune 5000 companies across various industries.
From the company's website. Industry: Paper Bag and Coated and Treated Paper Manufacturing.
Customers & suppliers
Suppliers & brands
- Hoffman · brand it sells or installs
- Industra · brand it sells or installs
- Cooper/Ajax · brand it sells or installs
- Ingersoll Rand · brand it sells or installs
- Tennent · brand it sells or installs
- Powerboss · brand it sells or installs
- Universal Silencer · brand it sells or installs
- GE Turbine · brand it sells or installs
- Farr · brand it sells or installs
- American Air · brand it sells or installs
- Pneumafil · brand it sells or installs
- Braden · brand it sells or installs
- Donaldson · brand it sells or installs
- Filtration Group · brand it sells or installs
- Westinghouse · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 47 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 47 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 41 mi · $711.6M
- T/J INSPECTION, INC. · Del City, 41 mi · $651.7M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 40 mi · $557.7M
- MERCER VALVE CO., INC. · Oklahoma City, 35 mi · $232.0M
- ALLIANCE STEEL, INC. · Oklahoma City, 33 mi · $191.9M
- MTM RECOGNITION CORPORATION · Oklahoma City, 40 mi · $159.2M
- PELCO PRODUCTS, INC. · Edmond, 50 mi · $81.2M
- KEYMIAEE AERO-TECH, INC. · Oklahoma City, 42 mi · $79.9M
Estimated value over time
▲ 93% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ROYAL FILTER MANUFACTURING COMPANY, INC. this business | $19.6M | — |
| OH SO PAPER, LLC Moore · 2 employees | $1.3M | 34.8 mi |
| MEDIA RESOURCES INC Oklahoma City · 18 employees | $7.4M | 35.9 mi |
| VERSATEQ, LLC Oklahoma City · 15 employees | $8.1M | 35.9 mi |
| CAPITOL TUBE COMPANY, INC Oklahoma City · 3 employees | $3.3M | 37.8 mi |
| PARKS DISTRIBUTING COMPANY INC. Oklahoma City · 9 employees | $3.0M | 39.5 mi |
The full calculation
| Employees reported to the SBA | 33 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $21.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.7M |
| Estimate: the two combined (geometric mean) | $19.6M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.0M |
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 | $8.8M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.6M – $12.0M |
| Revenue range | $12.9M – $22.4M |
| EBITDA range | $1.3M – $2.2M |
| Industry (NAICS) | Paper Bag and Coated and Treated Paper Manufacturing (322220) |
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
People & advisors
“Founded in 1986, Royal Filter manufactures quality OEM and replacement filtration products serving various industries with special emphasis within the Oil and Gas sector on a global scale.”
Advisors
- BankingBancFirst, The First National Bank of LindsayPPP / 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 2020 | All 7,048 borrowers → |
| The First National Bank of Lindsay PPP 2021 | All 58 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $227K | 29 |
| 4/30/2021 | second | $267K | 33 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Royal Filter Manufacturing Company, Inc.
Royal Filter Manufacturing Company, Inc. is a paper bag and coated and treated paper manufacturing company in Chickasha, Oklahoma, in business since 1986. It is owned by Gary McNatt (Owner and Shareholder). Its estimated annual revenue is about $19.6M, with roughly $2.0M of EBITDA. It has about 33 employees. Its estimated business value is $8.8M (likely range $4.6M–$12.0M).
Common questions
- Who owns Royal Filter Manufacturing Company, Inc.?
- Royal Filter Manufacturing Company, Inc. is owned by Gary McNatt (Owner and Shareholder), according to public sources such as the company's website or filings.
- How much revenue does Royal Filter Manufacturing Company, Inc. make?
- SeeBITDA estimates Royal Filter Manufacturing Company, 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 Royal Filter Manufacturing Company, Inc. worth?
- About $8.8M, roughly 4.5× its estimated EBITDA of $2.0M, typical for a paper bag and coated and treated paper manufacturing company its size. Likely range: $4.6M–$12.0M.
- How many employees does Royal Filter Manufacturing Company, Inc. have?
- About 33, as reported on its PPP loan.
- When was Royal Filter Manufacturing Company, Inc. founded?
- Royal Filter Manufacturing Company, Inc. has been in business since 1986.