Skinner Tank Company
How we got $4.0M
Based on 30 employees on its 2024 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 54 years (since 1972)
- Founder still runs it after 54 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Skinner Tank Company builds welded steel, above-ground liquid storage tanks and provides API 653 inspection, repair and maintenance services for petroleum, agricultural, food, water and other industries.
From the company's website. Industry: Other Heavy and Civil Engineering Construction.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 59 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 59 mi · $1.18B
- Unit Corporation · Tulsa, 40 mi · $988.3M
- T/J INSPECTION, INC. · Del City, 62 mi · $532.1M
- EXPLORER PIPELINE COMPANY · Tulsa, 43 mi · $505.6M
Estimated value over time
▼ 32% 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.
Employees over time
▼ 45% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 55 | $24.0M |
| 2020 | Form 5500 | 26 | $11.3M |
| 2021 | Form 5500 | 27 | $11.8M |
| 2022 | Form 5500 | 27 | $11.8M |
| 2023 | Form 5500 | 29 | $12.7M |
| 2024 | Form 5500 | 30 | $13.1M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SKINNER TANK COMPANY this business | $12.0M | — |
| V M I INC. Cushing · 10 employees | $3.3M | 8.8 mi |
| OAKES WELDING AND FABRICATION Mannford · 14 employees | $19.1M | 19.7 mi |
| WHEATLEY EQUIPMENT, LLC Stillwater · 6 employees | $1.1M | 20.8 mi |
| MEDRANO COMPANIES, INC. Cleveland · 2 employees | $816K | 24.6 mi |
| ON TRACK RAILROAD CONSTRUCTION LLC Cleveland · 13 employees | $3.1M | 24.6 mi |
| ORR CONSTRUCTION, INC. Davenport · 78 employees | $24.7M | 28.6 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $4.0M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.5M – $7.2M |
| Employees in its retirement plan (2024 Form 5500) | 30 |
| Industry revenue per employee | $436K |
| Revenue = employees × revenue per employee | $12.0M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $1.2M |
| For comparison: employees reported for PPP (2020) | 55 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $9.6M – $17.9M |
| EBITDA range | $937K – $1.8M |
| Industry (NAICS) | Other Heavy and Civil Engineering Construction (237990) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“It was the vision of our founders, Larry Skinner and his father, Lester Skinner Sr., that helped propel the Skinner name, making this family owned company - now in its third generation of ownership and leadership - synonymous with quality tanks.”
Leadership
- KBKent BrookExecutive Vice President · Company website · source
Advisors
- BankingRCB Bank, SpiritBankPPP / 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
| SpiritBank PPP 2021 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $604K | 55 |
| 2/12/2021 | second | $417K | 40 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Skinner Tank Company
Skinner Tank Company is a family-owned other heavy and civil engineering construction company in Yale, Oklahoma, in business since 1972. It is owned by Larry Skinner (Founder). Its estimated annual revenue is about $12.0M, with roughly $1.2M of EBITDA. It has about 30 employees. Its estimated business value is $4.0M (likely range $2.5M–$7.2M).
Common questions
- Who owns Skinner Tank Company?
- Skinner Tank Company is owned by Larry Skinner (Founder), according to public sources such as the company's website or filings.
- How much revenue does Skinner Tank Company make?
- SeeBITDA estimates Skinner Tank Company's annual revenue at about $12.0M (likely between $9.6M and $17.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Skinner Tank Company worth?
- About $4.0M, roughly 3.4× its estimated EBITDA of $1.2M, typical for a other heavy and civil engineering construction company its size. Likely range: $2.5M–$7.2M.
- How many employees does Skinner Tank Company have?
- About 30, from its 2024 retirement-plan filing.
- When was Skinner Tank Company founded?
- Skinner Tank Company has been in business since 1972.
- Is Skinner Tank Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 54 years (since 1972); founder still runs it after 54 years; no family successor named on its website.