Smico Manufacturing Co., Inc.
How we got $15.1M
Based on its 56 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 93 years (since 1933)
From public records and the company's website, not a statement that it's for sale.
What they do
SMICO Manufacturing Co. designs and manufactures vibratory screeners, feeders, sifters and conveyors, customizing machines for its clients across aggregate, bulk material, oil field, food processing, milling, mining and recycling industries. It also manufactures and supports Symons screens.
From the company's website. Industry: Mining Machinery and Equipment Manufacturing.
Customers & suppliers
Customers
- United States Mint · federal contracts $69K
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 5 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 15 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 15 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 7 mi · $711.9M
- MUSTANG FUEL CORPORATION · Oklahoma City, 12 mi · $708.4M
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SMICO MANUFACTURING CO., INC. this business | $25.0M | — |
| RFG Petro Systems Oklahoma City | $3.0M | 0.5 mi |
| JA OILFIELD MANUFACTURING INC Oklahoma City · 66 employees | $65.6M | 0.7 mi |
| WNS Lowery Oklahoma City | $1.3M | 0.9 mi |
| Whittle & Neher Systems Oklahoma City | $3.0M | 0.9 mi |
| J A OIL FIELD MANUFACTURING IN Oklahoma City · 73 employees | $69.0M | 1.1 mi |
| D.K. HOUCK ENTERPRISES, LLC Oklahoma City · 7 employees | $2.9M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 56 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.8M |
| Estimate: the two combined (geometric mean) | $25.0M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.6M |
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 | $15.1M |
| Multiple for this size and industry | 5.8× |
| Value range | $7.9M – $20.6M |
| Revenue range | $16.4M – $28.5M |
| EBITDA range | $1.7M – $3.0M |
| Industry (NAICS) | Mining Machinery and Equipment Manufacturing (333131) |
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
- BankingCrossFirst BankPPP / 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
| CrossFirst Bank PPP 2020, PPP 2021 | All 299 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 | $648K | 56 |
| 2/11/2021 | second | $688K | 44 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Smico Manufacturing Co., Inc.
Smico Manufacturing Co., Inc. is a mining machinery and equipment manufacturing company in Oklahoma City, Oklahoma, in business since 1933. It is owned by Erick Heald (President). Its estimated annual revenue is about $25.0M, with roughly $2.6M of EBITDA. It has about 56 employees. Its estimated business value is $15.1M (likely range $7.9M–$20.6M).
Common questions
- Who owns Smico Manufacturing Co., Inc.?
- Smico Manufacturing Co., Inc. is owned by Erick Heald (President), according to public sources such as the company's website or filings.
- How much revenue does Smico Manufacturing Co., Inc. make?
- SeeBITDA estimates Smico Manufacturing Co., Inc.'s annual revenue at about $25.0M (likely between $16.4M and $28.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Smico Manufacturing Co., Inc. worth?
- About $15.1M, roughly 5.8× its estimated EBITDA of $2.6M, typical for a mining machinery and equipment manufacturing company its size. Likely range: $7.9M–$20.6M.
- How many employees does Smico Manufacturing Co., Inc. have?
- About 56, as reported on its PPP loan.
- When was Smico Manufacturing Co., Inc. founded?
- Smico Manufacturing Co., Inc. has been in business since 1933.