Spike Enterprise, Inc
How we got $39.8M
Based on its 45 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 38 years (since 1988)
From public records and the company's website, not a statement that it's for sale.
What they do
Spike Enterprise, Inc. provides industrial cleaning services, vapor control solutions and related maintenance support for the oil industry, municipal wastewater treatment facilities, chemical production facilities, and electrical power generating stations.
From the company's website. Industry: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing.
Customers & suppliers
Suppliers & brands
- Coppus · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- RGCE LLC · Oklahoma City, 11 mi · $42.0M
- DELCO ELECTRIC, INC. · Oklahoma City, 14 mi · $41.3M
- BAKER BROTHERS ELECTRIC, INC. · Moore, 16 mi · $39.9M
- DANE & ASSOCIATES ELECTRIC CO. INC. · Oklahoma City, 6 mi · $35.9M
- PATCO ELECTRICAL SERVICES, INC. · Oklahoma City, 12 mi · $30.9M
Estimated value over time
▲ 13% 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
▼ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 45 | $20.5M |
| 2020 | Form 5500 | 34 | $15.5M |
| 2021 | Form 5500 | 35 | $16.0M |
| 2022 | Form 5500 | 38 | $17.3M |
| 2023 | Form 5500 | 34 | $15.5M |
| 2024 | Form 5500 | 37 | $16.9M |
| 2025 | Form 5500 | 37 | $16.9M |
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 |
|---|---|---|
| SPIKE ENTERPRISE, INC this business | $22.3M | — |
| OCT EQUIPMENT LLC Oklahoma City · 46 employees | $21.5M | 3.6 mi |
| THE DIGI GROUP, INC Bethany · 6 employees | $1.8M | 4.3 mi |
| FUZZELL'S CALCULATOR CORNER Oklahoma City · 15 employees | $8.5M | 5.6 mi |
| GENERAL MAILING EQUIPMENT, INC. Oklahoma City · 11 employees | $5.5M | 5.7 mi |
| COPYWORKS USA, INC Oklahoma City · 5 employees | $1.6M | 5.9 mi |
| T-TANKS OIL FIELD SERVICES, LLC Yukon · 2 employees | $1.1M | 6.2 mi |
The full calculation
| Employees reported to the SBA | 45 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $21.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $18.1M |
| Estimate: the two combined (geometric mean) | $22.3M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $6.1M |
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 | $39.8M |
| Multiple for this size and industry | 6.5× |
| Value range | $20.9M – $54.4M |
| Revenue range | $14.6M – $25.4M |
| EBITDA range | $4.0M – $7.0M |
| Industry (NAICS) | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412) |
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
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $529K | 45 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spike Enterprise, Inc
Spike Enterprise, Inc is a construction, mining, and forestry machinery and equipment rental and leasing company in Oklahoma City, Oklahoma, in business since 1988. Its estimated annual revenue is about $22.3M, with roughly $6.1M of EBITDA. It has about 37 employees. Its estimated business value is $39.8M (likely range $20.9M–$54.4M).
Common questions
- Who owns Spike Enterprise, Inc?
- The owner of Spike Enterprise, Inc 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 Spike Enterprise, Inc make?
- SeeBITDA estimates Spike Enterprise, Inc's annual revenue at about $22.3M (likely between $14.6M and $25.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spike Enterprise, Inc worth?
- About $39.8M, roughly 6.5× its estimated EBITDA of $6.1M, typical for a construction, mining, and forestry machinery and equipment rental and leasing company its size. Likely range: $20.9M–$54.4M.
- How many employees does Spike Enterprise, Inc have?
- About 37, from its 2025 retirement-plan filing.
- When was Spike Enterprise, Inc founded?
- Spike Enterprise, Inc has been in business since 1988.