Steelco, Inc.
How we got $4.9M
Based on its 14 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
What they do
Steelco, Inc. sells metal building components and designs and supplies custom or common metal building kits to builders, contractors and the public.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| STEELCO, INC. this business | $16.5M | — |
| STANDRIDGE STEEL, INC Pauls Valley · 5 employees | $7.5M | 6.6 mi |
| PRICE'S AUTOMOTIVE CORPORATION Oklahoma City · 6 employees | $10.1M | 39.6 mi |
| BOYD METALS OF OKLAHOMA CITY, INC. Oklahoma City · 34 employees | $55.1M | 44.4 mi |
| SNT RECYCLING BROKERS LLC Oklahoma City · 4 employees | $8.9M | 44.5 mi |
| OKLAHOMA SUPERIOR PLATING, LLC Duncan · 2 employees | $3.4M | 44.7 mi |
| STANDARD STEEL CO., LLC Oklahoma City · 11 employees | $19.8M | 45.0 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.4M |
| Estimate: the two combined (geometric mean) | $16.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.9M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.6M – $6.7M |
| Revenue range | $10.9M – $18.8M |
| EBITDA range | $744K – $1.3M |
| Industry (NAICS) | Metal Service Centers and Other Metal Merchant Wholesalers (423510) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2020, PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $75K | 14 |
| 1/26/2021 | second | $69K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Steelco, Inc.
Steelco, Inc. is a metal service centers and other metal merchant wholesalers company in Paoli, Oklahoma, in business since 1999. It is owned by Robert C. Snell. Its estimated annual revenue is about $16.5M, with roughly $1.1M of EBITDA. It has about 14 employees. Its estimated business value is $4.9M (likely range $2.6M–$6.7M).
Common questions
- Who owns Steelco, Inc.?
- Steelco, Inc. is owned by Robert C. Snell, according to public sources such as the company's website or filings.
- How much revenue does Steelco, Inc. make?
- SeeBITDA estimates Steelco, Inc.'s annual revenue at about $16.5M (likely between $10.9M and $18.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Steelco, Inc. worth?
- About $4.9M, roughly 4.3× its estimated EBITDA of $1.1M, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $2.6M–$6.7M.
- How many employees does Steelco, Inc. have?
- About 14, as reported on its PPP loan.
- When was Steelco, Inc. founded?
- Steelco, Inc. has been in business since 1999.