Service King Manufacturing, Inc
How we got $56.9M
Based on its 104 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 13% 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.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Service King Manufacturing manufactures mobile well service, workover, and drilling rigs for the oil industry, with its carriers, draw works and masts made in its own plants.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 48 mi · $33.63B
- Continental Resources · Oklahoma City, 50 mi · $7.69B
- Helmerich & Payne · Tulsa, 48 mi · $3.75B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 50 mi · $1.42B
- ADVANTAGE ENERGY SERVICES LLC · Mcalester, 76 mi · $1.19B
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SERVICE KING MANUFACTURING, INC this business | $80.3M | — |
| OKLAHOMA IMPORTS, LTD., LLC Stroud · 3 employees | $2.9M | 1.7 mi |
| VMI INC Cushing · 13 employees | $5.9M | 16.9 mi |
| SLYDER ENERGY SOLUTIONS LLC Carney · 26 employees | $16.4M | 18.2 mi |
| R&M USED TRUCKS & OILFIELD EQUIPMENT Bristow · 14 employees | $8.7M | 19.0 mi |
| CRM CONSTRUCTION LLC Bristow · 22 employees | $8.6M | 19.9 mi |
| M & P MANUFACTURING INC Wellston · 4 employees | $3.6M | 24.2 mi |
The full calculation
| Employees reported to the SBA | 104 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $77.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $63.8M |
| Estimate: the two combined (geometric mean) | $80.3M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $8.4M |
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 | $56.9M |
| Multiple for this size and industry | 6.8× |
| Value range | $30.0M – $77.9M |
| Revenue range | $52.8M – $91.6M |
| EBITDA range | $5.5M – $9.5M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
“This is a family owned company operated by people with many years of experience specializing in all areas of the oilfield industry,”
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 |
|---|---|---|---|
| 4/7/2020 | first | $1.3M | 104 |
| 3/1/2021 | second | $1.3M | 96 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Service King Manufacturing, Inc
Service King Manufacturing, Inc is a family-owned oil and gas field machinery and equipment manufacturing company in Stroud, Oklahoma, in business since 2005. Its estimated annual revenue is about $80.3M, with roughly $8.4M of EBITDA. It has about 104 employees. Its estimated business value is $56.9M (likely range $30.0M–$77.9M).
Common questions
- Who owns Service King Manufacturing, Inc?
- The owner of Service King Manufacturing, Inc isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Service King Manufacturing, Inc make?
- SeeBITDA estimates Service King Manufacturing, Inc's annual revenue at about $80.3M (likely between $52.8M and $91.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Service King Manufacturing, Inc worth?
- About $56.9M, roughly 6.8× its estimated EBITDA of $8.4M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $30.0M–$77.9M.
- How many employees does Service King Manufacturing, Inc have?
- About 104, as reported on its PPP loan.
- When was Service King Manufacturing, Inc founded?
- Service King Manufacturing, Inc has been in business since 2005.