Stillwater Aircraft Services Inc.
- Josh WillsonFAA Certified A&P Mechanic · Company website
- Albert HarrewynCertified IA and A&P Mechanic · Company website
- Katrina SmithSecretary · Company website
How we got $558K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 31 years (since 1995)
- Family in the business (Katrina Smith, Secretary)
From public records and the company's website, not a statement that it's for sale.
What they do
Stillwater Aircraft Services Inc. is a family-owned, locally operated aircraft maintenance and repair business that services piston and turbine aircraft, primarily in Oklahoma.
From the company's website. Industry: Aircraft Manufacturing.
Customers & suppliers
Customers
- SkyWest Airlines · named on its website
- OSU Flight School · named on its website
- OSU University Flight School · named on its website
- Stillwater Regional Airport · named on its website
Suppliers & brands
- uAvionix · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PERSIMMON RIDGE LLC · Tulsa, 57 mi · $116.9M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 56 mi · $76.0M
- SOUTHERN NAZARENE UNIVERSITY · Bethany, 54 mi · $72.1M
- OKLAHOMA CHRISTIAN UNIVERSITY, INC. - NONPROFIT (NO BUSINESS · Oklahoma City, 43 mi · $71.2M
- SANTA FE SOUTH SCHOOLS, INC. · Oklahoma City, 56 mi · $58.3M
Estimated value over time
▼ 4% 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 |
|---|---|---|
| STILLWATER AIRCRAFT SERVICES INC. this business | $1.1M | — |
| MINT TURBINES, LLC Stroud · 43 employees | $27.2M | 34.7 mi |
| SOUTHWEST FUEL SYSTEMS, LLC Stroud · 6 employees | $3.8M | 34.7 mi |
| RADIAL ENGINES, LTD. Guthrie · 18 employees | $7.5M | 37.6 mi |
| AIRCRAFT STRUCTURES INTERNATIONAL CORPORATION Enid · 65 employees | $23.0M | 44.1 mi |
| RAJON, LLC Bristow · 73 employees | $37.4M | 44.5 mi |
| DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC Oklahoma City · 500 employees | $339.6M | 46.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $649K |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $159K |
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 | $558K |
| Multiple for this size and industry | 3.5× |
| Value range | $294K – $763K |
| Revenue range | $744K – $1.3M |
| EBITDA range | $105K – $182K |
| Industry (NAICS) | Aircraft Manufacturing (336411) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Established in December of 1995 by Curtis Grindstaff as an LLC and in 1997 we became an S corporation.”
Advisors
- BankingExchange 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
| Exchange Bank and Trust Company PPP 2020, PPP 2021 | All 217 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $17K | 3 |
| 1/16/2021 | second | $17K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Stillwater Aircraft Services Inc.
Stillwater Aircraft Services Inc. is a family-owned aircraft manufacturing company in Stillwater, Oklahoma, in business since 1995. It is owned by Bryan Smith (President). Its estimated annual revenue is about $1.1M, with roughly $159K of EBITDA. It has about 3 employees. Its estimated business value is $558K (likely range $294K–$763K).
Common questions
- Who owns Stillwater Aircraft Services Inc.?
- Stillwater Aircraft Services Inc. is owned by Bryan Smith (President), according to public sources such as the company's website or filings.
- How much revenue does Stillwater Aircraft Services Inc. make?
- SeeBITDA estimates Stillwater Aircraft Services Inc.'s annual revenue at about $1.1M (likely between $744K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Stillwater Aircraft Services Inc. worth?
- About $558K, roughly 3.5× its estimated EBITDA of $159K, typical for a aircraft manufacturing company its size. Likely range: $294K–$763K.
- How many employees does Stillwater Aircraft Services Inc. have?
- About 3, as reported on its PPP loan.
- When was Stillwater Aircraft Services Inc. founded?
- Stillwater Aircraft Services Inc. has been in business since 1995.