Stillwater Steel & Supply LLC
How we got $7.1M
Based on its 15 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)
- Headcount down 23% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Stillwater Steel and Welding Supply is a steel and welding supply business in Stillwater, OK, providing steel products, welding supplies, fabrication, powder coating and sand blasting. It says it supports customers ranging from welding supply and fabricators to commercial and homebuilders.
From the company's website. Industry: Metal Service Centers and Other Metal Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Victor Products · brand it sells or installs
- Strong Hand Tools · brand it sells or installs
- Black Stallion · brand it sells or installs
- Fibre Metal Products · brand it sells or installs
- Tillman Products · brand it sells or installs
- Jackson/Huntsman · brand it sells or installs
- Miller Electric · brand it sells or installs
- Lincoln Electric · brand it sells or installs
- Hypertherm · brand it sells or installs
- Flex-o-vit · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- COF AGGREGATE HOLDINGS, INC · Sand Springs, 44 mi · $527.7M
- T. D. WILLIAMSON INC. · Tulsa, 58 mi · $468.9M
- AXH HOLDINGS · Tulsa, 57 mi · $319.8M
- MERCER VALVE CO., INC. · Oklahoma City, 59 mi · $232.1M
- ALLIANCE STEEL, INC. · Oklahoma City, 60 mi · $192.0M
- BENNETT CONSTRUCTION, INC. · Oklahoma City, 50 mi · $791.1M
- H.C. EMPLOYEES LLC · Moore, 60 mi · $196.4M
- FUENTES CONCRETE CONSTRUCTION · Edmond, 43 mi · $177.4M
- IDEAL HOMES OF NORMAN, LP · Norman, 66 mi · $163.9M
- TABER BUILT HOMES, LLC · Oklahoma City, 46 mi · $135.1M
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
▼ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $22.3M |
| 2020 | Form 5500 | 7 | $10.4M |
| 2021 | Form 5500 | 10 | $14.8M |
| 2022 | Form 5500 | 13 | $19.3M |
| 2023 | Form 5500 | 10 | $14.8M |
| 2024 | Form 5500 | 9 | $13.4M |
| 2025 | Form 5500 | 10 | $14.8M |
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 |
|---|---|---|
| STILLWATER STEEL & SUPPLY LLC this business | $24.2M | — |
| LDS METAL RECYCLING LLC Chandler · 4 employees | $5.3M | 29.4 mi |
| LDS METAL REYCYLING LLC Chandler · 3 employees | $3.8M | 29.4 mi |
| Independent Tubular Edmond | $5.2M | 40.7 mi |
| PATRIOT STEEL LLC Harrah · 1 employees | $1.4M | 44.9 mi |
| KARCHMER Oklahoma City · 28 employees | $50.7M | 48.1 mi |
| INTERNATIONAL PIPE & SUPPLY, LLC Oklahoma City · 38 employees | $59.3M | 48.1 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $26.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.9M |
| Estimate: the two combined (geometric mean) | $24.2M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.7M |
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 | $7.1M |
| Multiple for this size and industry | 4.3× |
| Value range | $3.8M – $9.8M |
| Revenue range | $15.9M – $27.6M |
| EBITDA range | $1.1M – $1.9M |
| 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
History & advisors
“Stillwater Steel and Welding Supply has proudly been providing quality steel and welding services since 1985.”
Advisors
- BankingGrand Savings 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
| Grand Savings Bank PPP 2020 | All 196 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $150K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Stillwater Steel & Supply LLC
Stillwater Steel & Supply LLC is a metal service centers and other metal merchant wholesalers company in Stillwater, Oklahoma, in business since 1985. Its estimated annual revenue is about $24.2M, with roughly $1.7M of EBITDA. It has about 10 employees. Its estimated business value is $7.1M (likely range $3.8M–$9.8M).
Common questions
- Who owns Stillwater Steel & Supply LLC?
- The owner of Stillwater Steel & Supply LLC 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 Stillwater Steel & Supply LLC make?
- SeeBITDA estimates Stillwater Steel & Supply LLC's annual revenue at about $24.2M (likely between $15.9M and $27.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Stillwater Steel & Supply LLC worth?
- About $7.1M, roughly 4.3× its estimated EBITDA of $1.7M, typical for a metal service centers and other metal merchant wholesalers company its size. Likely range: $3.8M–$9.8M.
- How many employees does Stillwater Steel & Supply LLC have?
- About 10, from its 2025 retirement-plan filing.
- When was Stillwater Steel & Supply LLC founded?
- Stillwater Steel & Supply LLC has been in business since 1985.
- Is Stillwater Steel & Supply LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 41 years (since 1985); headcount down 23% since 2022 (retirement plan filings).