Safety Plus USA LLC
How we got $15.8M
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
Safety Plus is a family-owned company started in 2009 that services the oil and gas industry, offering safety training and field services. The page does not clearly state a fuller set of customer types.
From the company's website. Industry: Oil & gas.
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 |
|---|---|---|
| SAFETY PLUS USA LLC this business | $14.7M | — |
| REDLINE INSTRUMENTS INC. Sulphur · 15 employees | $6.4M | 0.0 mi |
| ONG FLOWLINE PRODUCTS, LLC Sulphur · 6 employees | $3.4M | 3.7 mi |
| 007 OPERATING LLC Sulphur · 2 employees | $1.3M | 4.3 mi |
| PAR 5 CONTRACTING LLC Sulphur · 1 employees | $543K | 4.9 mi |
| PETTIFER MUD CONSULTING Sulphur · 1 employees | $620K | 5.7 mi |
| Kemper Valve & Fittings Sulphur | $1.5M | 5.9 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.4M |
| Estimate: the two combined (geometric mean) | $14.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.6M |
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 | $15.8M |
| Multiple for this size and industry | 4.4× |
| Value range | $8.3M – $21.7M |
| Revenue range | $9.7M – $16.8M |
| EBITDA range | $2.4M – $4.1M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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 2020, 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 |
|---|---|---|---|
| 4/8/2020 | first | $380K | 28 |
| 1/23/2021 | second | $224K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Safety Plus USA LLC
Safety Plus USA LLC is a family-owned oil & gas company in Sulphur, Oklahoma, in business since 2009. It is owned by Jeremiah Johnson (Owner / CEO). Its estimated annual revenue is about $14.7M, with roughly $3.6M of EBITDA. It has about 28 employees. Its estimated business value is $15.8M (likely range $8.3M–$21.7M).
Common questions
- Who owns Safety Plus USA LLC?
- Safety Plus USA LLC is owned by Jeremiah Johnson (Owner / CEO), according to public sources such as the company's website or filings.
- How much revenue does Safety Plus USA LLC make?
- SeeBITDA estimates Safety Plus USA LLC's annual revenue at about $14.7M (likely between $9.7M and $16.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Safety Plus USA LLC worth?
- About $15.8M, roughly 4.4× its estimated EBITDA of $3.6M, typical for a oil & gas company its size. Likely range: $8.3M–$21.7M.
- How many employees does Safety Plus USA LLC have?
- About 28, as reported on its PPP loan.
- When was Safety Plus USA LLC founded?
- Safety Plus USA LLC has been in business since 2009.