Shields Pipe Corporation
How we got $942K
Based on its 2 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 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Shields Pipe Corporation is an oil country tubular goods supplier based in Edmond, Oklahoma, serving the oil and gas exploration industry since 1987.
From the company's website. Industry: Iron and Steel Pipe and Tube Manufacturing from Purchased Steel.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 11 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 1 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 1 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 9 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 15 mi · $651.7M
Estimated value over time
▲ 37% 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 |
|---|---|---|
| SHIELDS PIPE CORPORATION this business | $2.7M | — |
| BIGFOOT PIPE & PILING LLC Oklahoma City · 7 employees | $5.0M | 9.1 mi |
| NECO INDUSTRIES INC Oklahoma City · 23 employees | $33.5M | 13.8 mi |
| D&D DESIGN & MANUFACTURING, INC Oklahoma City · 6 employees | $3.7M | 15.5 mi |
| BBM STEEL BUILDINGS INC Oklahoma City · 21 employees | $28.4M | 17.7 mi |
| WEIBEE STEEL LLC Norman · 25 employees | $34.4M | 29.0 mi |
| SOUTHWESTERN WIRE INC Norman · 258 employees | $312.4M | 30.9 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.3M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $294K |
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 | $942K |
| Multiple for this size and industry | 3.2× |
| Value range | $496K – $1.3M |
| Revenue range | $1.8M – $3.0M |
| EBITDA range | $194K – $336K |
| Industry (NAICS) | Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210) |
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
- BankingPrime Bank, Tinker 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
| Prime Bank PPP 2020 | All 79 borrowers → |
| Tinker FCU PPP 2021 | All 36 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $53K | 2 |
| 4/7/2021 | second | $23K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Shields Pipe Corporation
Shields Pipe Corporation is an iron and steel pipe and tube manufacturing from purchased steel company in Edmond, Oklahoma, in business since 2004. Its estimated annual revenue is about $2.7M, with roughly $294K of EBITDA. It has about 2 employees. Its estimated business value is $942K (likely range $496K–$1.3M).
Common questions
- Who owns Shields Pipe Corporation?
- The owner of Shields Pipe Corporation 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 Shields Pipe Corporation make?
- SeeBITDA estimates Shields Pipe Corporation's annual revenue at about $2.7M (likely between $1.8M and $3.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Shields Pipe Corporation worth?
- About $942K, roughly 3.2× its estimated EBITDA of $294K, typical for a iron and steel pipe and tube manufacturing from purchased steel company its size. Likely range: $496K–$1.3M.
- How many employees does Shields Pipe Corporation have?
- About 2, as reported on its PPP loan.
- When was Shields Pipe Corporation founded?
- Shields Pipe Corporation has been in business since 2004.