Surface Mount Depot Inc.
- Jason HammondsGeneral Manager & Controller · Company website
- Zack KeasSales Manager · Company website
How we got $12.2M
Based on its 69 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 38 years (since 1988)
- Founder still runs it after 38 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Surface Mount Depot is a full-service contract electronics manufacturer in Oklahoma City that provides circuit board assembly, testing, cable and wire harness assembly, and electromechanical services for customers' prototype, final product, and modification needs.
From the company's website. Industry: Printed Circuit Assembly (Electronic Assembly) Manufacturing.
Customers & suppliers
Customers
- Federal Aviation Administration · federal contracts $9.6M
- Defense Logistics Agency · federal contracts $65K
Estimated value over time
▲ 19% 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
▼ 13% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 69 | $15.7M |
| 2020 | Form 5500 | 42 | $9.5M |
| 2021 | Form 5500 | 51 | $11.6M |
| 2022 | Form 5500 | 52 | $11.8M |
| 2023 | Form 5500 | 61 | $13.8M |
| 2024 | Form 5500 | 63 | $14.3M |
| 2025 | Form 5500 | 60 | $13.6M |
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 |
|---|---|---|
| SURFACE MOUNT DEPOT INC. this business | $22.5M | — |
| LAMAR ENTERPRISES, INC. Oklahoma City · 22 employees | $4.6M | 0.7 mi |
| MAVERICK TECHNOLOGIES,LLC Oklahoma City · 11 employees | $2.7M | 1.6 mi |
| MAVERICK TECHNOLOGIESLLC Oklahoma City · 11 employees | $2.7M | 1.6 mi |
| PLBL LLC Oklahoma City · 8 employees | $3.4M | 11.1 mi |
| EE SOLUTIONS LC Edmond · 2 employees | $1.9M | 12.3 mi |
| IBALL INSTRUMENTS LLC Norman · 6 employees | $2.7M | 14.7 mi |
The full calculation
| Employees reported to the SBA | 69 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.7M |
| Estimate: the two combined (geometric mean) | $22.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $2.1M |
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 | $12.2M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.4M – $16.7M |
| Revenue range | $14.8M – $25.6M |
| EBITDA range | $1.4M – $2.4M |
| Industry (NAICS) | Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418) |
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
Advisors
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020, PPP 2021 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $560K | 69 |
| 1/16/2021 | second | $560K | 46 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Surface Mount Depot Inc.
Surface Mount Depot Inc. is a printed circuit assembly (electronic assembly) manufacturing company in Oklahoma City, Oklahoma, in business since 1988. It is owned by Ted Davis (President). Its estimated annual revenue is about $22.5M, with roughly $2.1M of EBITDA. It has about 60 employees. Its estimated business value is $12.2M (likely range $6.4M–$16.7M).
Common questions
- Who owns Surface Mount Depot Inc.?
- Surface Mount Depot Inc. is owned by Ted Davis (President), according to public sources such as the company's website or filings.
- How much revenue does Surface Mount Depot Inc. make?
- SeeBITDA estimates Surface Mount Depot Inc.'s annual revenue at about $22.5M (likely between $14.8M and $25.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Surface Mount Depot Inc. worth?
- About $12.2M, roughly 5.8× its estimated EBITDA of $2.1M, typical for a printed circuit assembly (electronic assembly) manufacturing company its size. Likely range: $6.4M–$16.7M.
- How many employees does Surface Mount Depot Inc. have?
- About 60, from its 2025 retirement-plan filing.
- When was Surface Mount Depot Inc. founded?
- Surface Mount Depot Inc. has been in business since 1988.
- Is Surface Mount Depot Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 38 years (since 1988); founder still runs it after 38 years; no family successor named on its website.