Steel Service Company, Inc
How we got $13.3M
Based on its 25 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 53 years (since 1973)
From public records and the company's website, not a statement that it's for sale.
What they do
Steel Service Company, established in 1973 and located in Claremore, Okla., provides structural metals, building components and specialty metals.
From the company's website. Industry: Metal Service Centers and Other Metal Merchant Wholesalers.
Estimated value over time
▲ 24% 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
▼ 16% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 25 | $37.1M |
| 2020 | Form 5500 | 22 | $32.7M |
| 2021 | Form 5500 | 22 | $32.7M |
| 2022 | Form 5500 | 22 | $32.7M |
| 2023 | Form 5500 | 21 | $31.2M |
| 2024 | Form 5500 | 21 | $31.2M |
| 2025 | Form 5500 | 21 | $31.2M |
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 |
|---|---|---|
| STEEL SERVICE COMPANY, INC this business | $37.2M | — |
| ACE ALLOYS, LLC Catoosa · 8 employees | $20.9M | 8.4 mi |
| GREAT PLAINS STAINLESS CO. Tulsa · 9 employees | $22.7M | 11.4 mi |
| STRESSCON, INC Tulsa · 31 employees | $55.5M | 15.3 mi |
| MANUFACTURING & PACKAGING INNOVATIONS, LLC Tulsa · 2 employees | $4.3M | 15.4 mi |
| LEWIS STEEL & WIRE Broken Arrow · 4 employees | $6.4M | 16.0 mi |
| SIGMA SALES, INC. Tulsa · 3 employees | $4.8M | 16.5 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $40.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $26.4M |
| Estimate: the two combined (geometric mean) | $37.2M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $2.6M |
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 | $13.3M |
| Multiple for this size and industry | 5.2× |
| Value range | $7.0M – $18.1M |
| Revenue range | $24.5M – $42.5M |
| EBITDA range | $1.7M – $2.9M |
| Industry (NAICS) | Metal Service Centers and Other Metal Merchant Wholesalers (423510) |
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
“Established in 1973, Steel Service Company is a provider of structural metals, building components or specialty metals.”
Advisors
- BankingThe Central Trust 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
| The Central Trust Bank PPP 2020, PPP 2021 | All 323 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $242K | 25 |
| 3/31/2021 | second | $405K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Steel Service Company, Inc
Steel Service Company, Inc is a metal service centers and other metal merchant wholesalers company in Claremore, Oklahoma, in business since 1973. It is owned by Steve Dowty (Key Principal). Its estimated annual revenue is about $37.2M, with roughly $2.6M of EBITDA. It has about 21 employees. Its estimated business value is $13.3M (likely range $7.0M–$18.1M).
Common questions
- Who owns Steel Service Company, Inc?
- Steel Service Company, Inc is owned by Steve Dowty (Key Principal), according to public sources such as the company's website or filings.
- How much revenue does Steel Service Company, Inc make?
- SeeBITDA estimates Steel Service Company, Inc's annual revenue at about $37.2M (likely between $24.5M and $42.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Steel Service Company, Inc worth?
- About $13.3M, roughly 5.2× its estimated EBITDA of $2.6M, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $7.0M–$18.1M.
- How many employees does Steel Service Company, Inc have?
- About 21, from its 2025 retirement-plan filing.
- When was Steel Service Company, Inc founded?
- Steel Service Company, Inc has been in business since 1973.