Rufnex Rentals, Incorporated
How we got $34.8M
Based on 56 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Unlikely to sell soon
- Changed hands recently (SBA-financed purchase, FY2021)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 9% 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 |
|---|---|---|
| RUFNEX RENTALS, INCORPORATED this business | $29.5M | — |
| REDNEX OILFIELD RENTALS LLC Oklahoma City · 68 employees | $35.8M | 0.0 mi |
| RUFNEX OILFIELD SERVICES LLC Oklahoma City · 176 employees | $115.3M | 0.1 mi |
| Tech Service Products Inc Oklahoma City | $1.5M | 0.2 mi |
| TRI - POWER ENERGY SERVICES, LLC Oklahoma City · 36 employees | $21.7M | 0.3 mi |
| DNOW Oklahoma City | $1.5M | 0.5 mi |
| Hawkeye Directional, Llc Oklahoma City | $1.5M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 56 |
| Industry revenue per employee | $361K |
| Revenue = employees × revenue per employee | $29.5M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.7M |
| Cross-check: revenue implied by PPP payroll | $3.8M |
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 | $34.8M |
| Multiple for this size and industry | 5.2× |
| Value range | $16.5M – $49.4M |
| Revenue range | $17.4M – $34.8M |
| EBITDA range | $4.0M – $7.9M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingBlue Sky Bank, US Eagle FCUPPP / 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
| Blue Sky Bank PPP 2020, PPP 2021 | All 430 borrowers → |
| US Eagle FCU 7(a) 2021 | All 4 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 7/16/2020 | first | $108K | 17 |
| 1/26/2021 | second | $440K | 56 |
Public records
| Aug 2021 | 7(a) | $1.8M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rufnex Rentals, Incorporated
Rufnex Rentals, Incorporated is an oil & gas company in Oklahoma City, Oklahoma. It is owned by Mike Holland (CEO). Its estimated annual revenue is about $29.5M, with roughly $6.7M of EBITDA. It has about 56 employees. Its estimated business value is $34.8M (likely range $16.5M–$49.4M).
Common questions
- Who owns Rufnex Rentals, Incorporated?
- Rufnex Rentals, Incorporated is owned by Mike Holland (CEO), according to public sources such as the company's website or filings.
- How much revenue does Rufnex Rentals, Incorporated make?
- SeeBITDA estimates Rufnex Rentals, Incorporated's annual revenue at about $29.5M (likely between $17.4M and $34.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rufnex Rentals, Incorporated worth?
- About $34.8M, roughly 5.2× its estimated EBITDA of $6.7M, typical for a oil & gas company its size. Likely range: $16.5M–$49.4M.
- How many employees does Rufnex Rentals, Incorporated have?
- About 56, as reported on its PPP loan.