Star Pipe Service, Inc.
How we got $5.4M
Based on its 19 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 41 years (since 1985)
- Founder still runs it after 41 years
- Family in the business (Bobby Houck, General Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Star Pipe Service, Inc. is an Oklahoma City oilfield inspection business that performs quality inspections on oilfield tubular materials and equipment for the oil and gas industry.
From the company's website. Industry: Oil & gas.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| STAR PIPE SERVICE, INC. this business | $5.4M | — |
| Schlumberger Oklahoma City | $1.5M | 0.7 mi |
| WASHITA VALLEY ENTERPRISES INC Oklahoma City · 300 employees | $148.0M | 1.2 mi |
| Black Mamba Rod Lift Oklahoma City | $1.5M | 1.5 mi |
| Array Products Oklahoma City | $1.5M | 1.6 mi |
| TJ Inspection Oklahoma City | $1.5M | 1.9 mi |
| Hi-plains Filtration Oklahoma City | $1.5M | 1.9 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.4M |
| Estimate: the two combined (geometric mean) | $5.4M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.4M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.8M – $7.4M |
| Revenue range | $3.6M – $6.2M |
| EBITDA range | $988K – $1.7M |
| 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
People & advisors
“The Houck family has served the oil and gas industry here in Oklahoma for nearly 60 years, performing quality inspections on oilfield tubular materials and equipment.”
Leadership
- BHBobby HouckGeneral Manager · Company website · source
- JGJoseph GogginSafety Manager · Company website · source
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $103K | 19 |
| 2/4/2021 | second | $103K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Star Pipe Service, Inc.
Star Pipe Service, Inc. is a family-owned oil & gas company in Oklahoma City, Oklahoma, in business since 1985. It is owned by Glenn Houck (Founder). Its estimated annual revenue is about $5.4M, with roughly $1.5M of EBITDA. It has about 19 employees. Its estimated business value is $5.4M (likely range $2.8M–$7.4M).
Common questions
- Who owns Star Pipe Service, Inc.?
- Star Pipe Service, Inc. is owned by Glenn Houck (Founder), according to public sources such as the company's website or filings.
- How much revenue does Star Pipe Service, Inc. make?
- SeeBITDA estimates Star Pipe Service, Inc.'s annual revenue at about $5.4M (likely between $3.6M and $6.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Star Pipe Service, Inc. worth?
- About $5.4M, roughly 3.6× its estimated EBITDA of $1.5M, typical for a oil & gas company its size. Likely range: $2.8M–$7.4M.
- How many employees does Star Pipe Service, Inc. have?
- About 19, as reported on its PPP loan.
- When was Star Pipe Service, Inc. founded?
- Star Pipe Service, Inc. has been in business since 1985.
- Is Star Pipe Service, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 41 years (since 1985); founder still runs it after 41 years; family in the business (bobby houck, general manager).