Sooner Rubber Products Co.
- Nick SchrammSigns company filings · Form 5500 (2022)
How we got $6.8M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 20% 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
▼ 32% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 19 | $14.7M |
| 2020 | Form 5500 | 18 | $13.9M |
| 2022 | Form 5500 | 14 | $10.8M |
| 2023 | Form 5500 | 14 | $10.8M |
| 2024 | Form 5500 | 13 | $10.0M |
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.
What we know
Signs of a sale Likely to sell
- In business 42 years (since 1984)
- Headcount down 28% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Sooner Rubber Products is a locally owned and operated industrial supplier in Oklahoma since 1984, selling industrial hose, hydraulic assemblies, V-belts, valves, and custom gaskets from regionally stocked warehouses.
From the company's website. Industry: Industrial Supplies Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Gates · brand it sells or installs
- Continental · brand it sells or installs
- NRP Jones · brand it sells or installs
- Thermoid · brand it sells or installs
- Goodyear · brand it sells or installs
- Dixon · brand it sells or installs
- PT Coupling · brand it sells or installs
- Band-It · brand it sells or installs
- Apollo · brand it sells or installs
- Mueller · brand it sells or installs
- Baldor · brand it sells or installs
- Garlock · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 3 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 13 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 14 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 5 mi · $711.9M
- MUSTANG FUEL CORPORATION · Oklahoma City, 10 mi · $708.4M
- LSB INDUSTRIES, INC · Oklahoma City, 9 mi · $615.2M
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 14 mi · $339.7M
- SOUTHWESTERN WIRE INC · Norman, 17 mi · $312.5M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 17 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 11 mi · $232.1M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOONER RUBBER PRODUCTS CO. this business | $23.1M | — |
| ALLIED HARDWARE LLC Oklahoma City · 3 employees | $4.3M | 0.1 mi |
| RICHART DISTRIBUTORS INC. Oklahoma City · 13 employees | $19.6M | 0.2 mi |
| RICHARDT DISTRIBUTORS INC Oklahoma City · 13 employees | $19.7M | 0.3 mi |
| BIG CHIEF PIPE SUPPLY INC Oklahoma City · 5 employees | $3.8M | 0.3 mi |
| BRASELTON & CO Oklahoma City · 6 employees | $7.7M | 0.5 mi |
| C. P. SALES AND SERVICE, INC. Oklahoma City · 2 employees | $2.8M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.5M |
| Estimate: the two combined (geometric mean) | $23.1M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.6M |
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 | $6.8M |
| Multiple for this size and industry | 4.3× |
| Value range | $3.6M – $9.3M |
| Revenue range | $15.2M – $26.4M |
| EBITDA range | $1.0M – $1.8M |
| Industry (NAICS) | Industrial Supplies Merchant Wholesalers (423840) |
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
“In 1984, Sooner Rubber Products was established in Oklahoma with a straightforward mission: provide regional industrial operators with higher quality hose assemblies, faster counter turnaround, and more reliable technical support than national corporate conglomerates could deliver.”
Advisors
- BankingFrontier State 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
| Frontier State Bank PPP 2020, PPP 2021 | All 156 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 | $299K | 16 |
| 1/28/2021 | second | $223K | 19 |
2 locations
| 1312 SE GRAND BLVD | Oklahoma City | This listing |
| 600 N Steele Ave | Cushing | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Sooner Rubber Products Co.
Sooner Rubber Products Co. is an industrial supplies merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1984. Its estimated annual revenue is about $23.1M, with roughly $1.6M of EBITDA. It has about 13 employees. Its estimated business value is $6.8M (likely range $3.6M–$9.3M). It has 2 locations.
Common questions
- Who owns Sooner Rubber Products Co.?
- The owner of Sooner Rubber Products Co. 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 Sooner Rubber Products Co. make?
- SeeBITDA estimates Sooner Rubber Products Co.'s annual revenue at about $23.1M (likely between $15.2M and $26.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Sooner Rubber Products Co. worth?
- About $6.8M, roughly 4.3× its estimated EBITDA of $1.6M, typical for a industrial supplies merchant wholesalers company its size. Likely range: $3.6M–$9.3M.
- How many employees does Sooner Rubber Products Co. have?
- About 13, from its 2024 retirement-plan filing.
- When was Sooner Rubber Products Co. founded?
- Sooner Rubber Products Co. has been in business since 1984.
- Is Sooner Rubber Products Co. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 42 years (since 1984); headcount down 28% since 2020 (retirement plan filings).