Spicer & Sandburg, Inc.
How we got $2.7M
Based on its 9 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 48 years (since 1978)
- Founder still runs it after 48 years
From public records and the company's website, not a statement that it's for sale.
What they do
Spicer & Sandburg, Inc. is a company in Oklahoma City that presents a range of manufacturers' products for the petroleum, oil and gas, and industrial markets, organized under Drilling, Completion, Production, and Industrial categories.
From the company's website. Industry: Industrial Machinery and Equipment Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- BESTOLIFE · brand it sells or installs
- Service Metal · brand it sells or installs
- Hy-Lok USA · brand it sells or installs
- PETOL Gearench · brand it sells or installs
- Tnemec Company, Inc · brand it sells or installs
- Crossover, Inc · brand it sells or installs
- PowerSeal · brand it sells or installs
- PIC · brand it sells or installs
- Kleen Products · 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, 13 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 5 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 2 mi · $651.7M
- ACKERMAN MCQUEEN INC · Oklahoma City, 3 mi · $70.1M
- ROBYN HOLDINGS, LLC · Oklahoma City, 13 mi · $23.9M
- SAXUM STRATEGIC COMMUNICATIONS LLC · Oklahoma City, 3 mi · $18.4M
- FMG NORTH TEXAS, LLC · Norman, 18 mi · $13.8M
- INSIGHT CREATIVE GROUP, INC. · Oklahoma City, 3 mi · $11.8M
Estimated value over time
▲ 2% 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 |
|---|---|---|
| SPICER & SANDBURG, INC. this business | $10.3M | — |
| SUMMIT SUPPLY INC. Oklahoma City · 10 employees | $11.9M | 0.3 mi |
| THE PUMP & EQUIPMENT COMPANY, INC Oklahoma City · 6 employees | $5.5M | 0.3 mi |
| LADD EQUIPMENT LP Oklahoma City · 5 employees | $7.2M | 0.3 mi |
| RICHARDT DISTRIBUTORS INC Oklahoma City · 13 employees | $19.7M | 0.4 mi |
| ALLSTATES PRODUCTION EQUIPMENT COMPANY, INC. Oklahoma City · 15 employees | $14.2M | 0.4 mi |
| C. P. SALES AND SERVICE, INC. Oklahoma City · 2 employees | $2.8M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.1M |
| Estimate: the two combined (geometric mean) | $10.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $758K |
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 | $2.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.4M – $3.7M |
| Revenue range | $6.8M – $11.7M |
| EBITDA range | $498K – $864K |
| Industry (NAICS) | Industrial Machinery and Equipment Merchant Wholesalers (423830) |
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
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020, PPP 2021 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $159K | 9 |
| 1/19/2021 | second | $159K | 6 |
3 locations
| 1525 SE 29TH ST | Oklahoma City | This listing |
| 11515 S Portland Ave | Oklahoma City | View |
| 26083 State Highway 76 | Ratliff City | 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 Spicer & Sandburg, Inc.
Spicer & Sandburg, Inc. is an industrial machinery and equipment merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1978. It is owned by E.E. “Spike” Spicer (Founder). Its estimated annual revenue is about $10.3M, with roughly $758K of EBITDA. It has about 9 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.7M). It has 3 locations.
Common questions
- Who owns Spicer & Sandburg, Inc.?
- Spicer & Sandburg, Inc. is owned by E.E. “Spike” Spicer (Founder), according to public sources such as the company's website or filings.
- How much revenue does Spicer & Sandburg, Inc. make?
- SeeBITDA estimates Spicer & Sandburg, Inc.'s annual revenue at about $10.3M (likely between $6.8M and $11.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spicer & Sandburg, Inc. worth?
- About $2.7M, roughly 3.6× its estimated EBITDA of $758K, typical for a industrial machinery and equipment merchant wholesalers company its size. Likely range: $1.4M–$3.7M.
- How many employees does Spicer & Sandburg, Inc. have?
- About 9, as reported on its PPP loan.
- When was Spicer & Sandburg, Inc. founded?
- Spicer & Sandburg, Inc. has been in business since 1978.
- Is Spicer & Sandburg, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 48 years (since 1978); founder still runs it after 48 years.