Southwestern Wire Inc
How we got $178.4M
Based on its 258 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
- Headcount down 44% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 31% 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
▼ 28% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 258 | $159.0M |
| 2020 | Form 5500 | 329 | $202.8M |
| 2021 | Form 5500 | 242 | $149.2M |
| 2022 | Form 5500 | 167 | $103.0M |
| 2023 | Form 5500 | 167 | $103.0M |
| 2024 | Form 5500 | 185 | $114.0M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOUTHWESTERN WIRE INC this business | $312.3M | — |
| WEIBEE STEEL LLC Norman · 25 employees | $34.4M | 5.0 mi |
| BBM STEEL BUILDINGS INC Oklahoma City · 21 employees | $28.4M | 14.3 mi |
| D&D DESIGN & MANUFACTURING, INC Oklahoma City · 6 employees | $3.7M | 17.6 mi |
| NECO INDUSTRIES INC Oklahoma City · 23 employees | $33.4M | 18.4 mi |
| BIGFOOT PIPE & PILING LLC Oklahoma City · 7 employees | $5.0M | 24.2 mi |
| RICO HOLDINGS, LLC Chickasha | $70.4M | 27.0 mi |
The full calculation
| Employees reported to the SBA | 258 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $257.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $291.6M |
| Estimate: the two combined (geometric mean) | $312.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $22.6M |
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 | $178.4M |
| Multiple for this size and industry | 7.9× |
| Value range | $93.9M – $244.0M |
| Revenue range | $205.4M – $356.1M |
| EBITDA range | $14.9M – $25.7M |
| Industry (NAICS) | Steel Wire Drawing (331222) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- DWDavid Weinandpresident · From a web search · source
- SPSteve Petersvice president of finance · From a web search · source
- RMRobert Martellachief financial officer · From a web search · source
- RGRandy Gibbsvice president of operations · From a web search · source
- BKBruce Kohlunsales manager · From a web search · source
Advisors
- AccountingFinley & Cook, PLLCAudits its 401(k) plan (2024 filing)
- BankingValliance 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
| Valliance Bank PPP 2020 | All 439 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $3.2M | 258 |
2 locations
| 3505 NORTH INTERSTATE DR | Norman | This listing |
| 1800 S 81st Ave W | Tulsa | 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 Southwestern Wire Inc
Southwestern Wire Inc is a steel wire drawing company in Norman, Oklahoma. It is owned by Max Moore (Founder). Its estimated annual revenue is about $312.3M, with roughly $22.6M of EBITDA. It has about 185 employees. Its estimated business value is $178.4M (likely range $93.9M–$244.0M). It has 2 locations.
Common questions
- Who owns Southwestern Wire Inc?
- Southwestern Wire Inc is owned by Max Moore (Founder), according to public sources such as the company's website or filings.
- How much revenue does Southwestern Wire Inc make?
- SeeBITDA estimates Southwestern Wire Inc's annual revenue at about $312.3M (likely between $205.4M and $356.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southwestern Wire Inc worth?
- About $178.4M, roughly 7.9× its estimated EBITDA of $22.6M, typical for a steel wire drawing company its size. Likely range: $93.9M–$244.0M.
- How many employees does Southwestern Wire Inc have?
- About 185, from its 2024 retirement-plan filing.