Southwinds Inspection Corp
- Rhonda L FlemingSigns company filings · Form 5500 (2024)
How we got $17.3M
Based on its 27 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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
▲ 74% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 27 | $9.7M |
| 2020 | Form 5500 | 22 | $7.9M |
| 2021 | Form 5500 | 23 | $8.3M |
| 2022 | Form 5500 | 37 | $13.3M |
| 2023 | Form 5500 | 39 | $14.1M |
| 2024 | Form 5500 | 47 | $17.0M |
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 33 years (since 1993)
- Founder still runs it after 33 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
Southwinds Inspection Corp. provides construction coordination and inspection personnel and engineering services for pipeline, compressor station and related facilities.
From the company's website. Industry: Oil & gas.
Customers & suppliers
Customers
- Trident NGL · named on its website
- Warren Petroleum · named on its website
- Portal Pipeline · named on its website
- Lakehead Pipeline · named on its website
- NGC · named on its website
- Dynegy Inc · named on its website
- Marathon Oil Co · named on its website
- CMS Field Services · named on its website
- Bear Paw Energy · named on its website
- Chesapeake Energy · named on its website
- Penn Virginia Resources · named on its website
- Oneok Rocky Mountain Region · named on its website
- Whiting Oil and Gas · named on its website
- Inergy LP · named on its website
- Stephens Production · named on its website
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOUTHWINDS INSPECTION CORP this business | $17.3M | — |
| RED RIVER PETROLEUM, INC. Kingfisher · 5 employees | $2.4M | 0.3 mi |
| STRIKER OILFIELD SERVICES, LLC Kingfisher · 2 employees | $735K | 0.4 mi |
| LION WELL SERVICE, LLC Kingfisher · 11 employees | $4.1M | 1.0 mi |
| ALTMAN ENGINEERING, INC. Kingfisher · 1 employees | $679K | 1.0 mi |
| BROWN & BORELLI, INC. Kingfisher · 4 employees | $1.9M | 1.0 mi |
| ORCO SERVICE, LLC Kingfisher · 28 employees | $16.1M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.2M |
| Estimate: the two combined (geometric mean) | $17.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $3.9M |
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 | $17.3M |
| Multiple for this size and industry | 4.4× |
| Value range | $9.1M – $23.7M |
| Revenue range | $11.4M – $19.8M |
| EBITDA range | $2.6M – $4.5M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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 1993, I started my own Inspection company where I could choose my own staff.”
Advisors
- BankingNBC OklahomaPPP / 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
| NBC Oklahoma PPP 2020, PPP 2021 | All 526 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $544K | 27 |
| 1/19/2021 | second | $433K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Southwinds Inspection Corp
Southwinds Inspection Corp is an oil & gas company in Kingfisher, Oklahoma, in business since 1993. It is owned by Johnnie Fleming, Jr. (Owner/President). Its estimated annual revenue is about $17.3M, with roughly $3.9M of EBITDA. It has about 47 employees. Its estimated business value is $17.3M (likely range $9.1M–$23.7M).
Common questions
- Who owns Southwinds Inspection Corp?
- Southwinds Inspection Corp is owned by Johnnie Fleming, Jr. (Owner/President), according to public sources such as the company's website or filings.
- How much revenue does Southwinds Inspection Corp make?
- SeeBITDA estimates Southwinds Inspection Corp's annual revenue at about $17.3M (likely between $11.4M and $19.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southwinds Inspection Corp worth?
- About $17.3M, roughly 4.4× its estimated EBITDA of $3.9M, typical for a oil & gas company its size. Likely range: $9.1M–$23.7M.
- How many employees does Southwinds Inspection Corp have?
- About 47, from its 2024 retirement-plan filing.
- When was Southwinds Inspection Corp founded?
- Southwinds Inspection Corp has been in business since 1993.
- Is Southwinds Inspection Corp for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 33 years (since 1993); founder still runs it after 33 years; no family successor named on its website.