Spectrum Paint Company, Inc.
How we got $90.2M
Based on its 309 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 40 years (since 1986)
- Founder still runs it after 40 years
From public records and the company's website, not a statement that it's for sale.
What they do
Spectrum Paint Company is an independent paint dealer with over 100 paint store locations that sells paint and coatings to homeowners and professionals, and offers industrial coatings.
From the company's website. Industry: Paint and Wallpaper Retailers.
Customers & suppliers
Suppliers & brands
- Benjamin Moore · brand it sells or installs
- PPG · brand it sells or installs
- Pittsburgh Paints · brand it sells or installs
- Daubert Tectyl · brand it sells or installs
- Insulx · brand it sells or installs
- Corchem · brand it sells or installs
- Scotch Kote · brand it sells or installs
- 3M · brand it sells or installs
- AllPro · brand it sells or installs
- Corona Brush · brand it sells or installs
- DAP · brand it sells or installs
- FoamPRO · brand it sells or installs
- INSL-X · brand it sells or installs
- Premier Paint Roller · brand it sells or installs
- Ready Seal · brand it sells or installs
Estimated value over time
▲ 1% 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 |
|---|---|---|
| SPECTRUM PAINT COMPANY, INC. this business | $192.7M | — |
| SPECTRUM PAINT EAST, LLC Tulsa · 159 employees | $99.1M | 0.0 mi |
| CHEROKEE BUILDERS, INC. Tulsa · 72 employees | $57.3M | 1.7 mi |
| FENCETRAC FENCE SYSTEMS, INC. Tulsa · 4 employees | $1.8M | 2.5 mi |
| TILE BY TONY, INC. Catoosa · 7 employees | $3.1M | 3.5 mi |
| HUGHES LUMBER COMPANY Catoosa | $39.6M | 5.1 mi |
| DAY ENTERPRISES INC Tulsa · 12 employees | $6.8M | 5.5 mi |
The full calculation
| Employees reported to the SBA | 309 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $165.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $172.1M |
| Estimate: the two combined (geometric mean) | $192.7M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $15.0M |
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 | $90.2M |
| Multiple for this size and industry | 6× |
| Value range | $47.5M – $123.4M |
| Revenue range | $126.8M – $219.7M |
| EBITDA range | $9.9M – $17.1M |
| Industry (NAICS) | Paint and Wallpaper Retailers (444120) |
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
“Since 1986, Spectrum Paint has been providing the paint industry with top quality products, competitive prices and the best possible service.”
Advisors
- BankingINTRUST Bank, National AssociationPPP / 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
| INTRUST Bank, National Association PPP 2020 | All 170 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 | $3.0M | 309 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spectrum Paint Company, Inc.
Spectrum Paint Company, Inc. is a paint and wallpaper retailers company in Tulsa, Oklahoma, in business since 1986. It is owned by Travis Detter (Founder and President). Its estimated annual revenue is about $192.7M, with roughly $15.0M of EBITDA. It has about 309 employees. Its estimated business value is $90.2M (likely range $47.5M–$123.4M).
Common questions
- Who owns Spectrum Paint Company, Inc.?
- Spectrum Paint Company, Inc. is owned by Travis Detter (Founder and President), according to public sources such as the company's website or filings.
- How much revenue does Spectrum Paint Company, Inc. make?
- SeeBITDA estimates Spectrum Paint Company, Inc.'s annual revenue at about $192.7M (likely between $126.8M and $219.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spectrum Paint Company, Inc. worth?
- About $90.2M, roughly 6× its estimated EBITDA of $15.0M, typical for a paint and wallpaper retailers company its size. Likely range: $47.5M–$123.4M.
- How many employees does Spectrum Paint Company, Inc. have?
- About 309, as reported on its PPP loan.
- When was Spectrum Paint Company, Inc. founded?
- Spectrum Paint Company, Inc. has been in business since 1986.
- Is Spectrum Paint Company, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 40 years (since 1986); founder still runs it after 40 years.