Target Completions
- Joe ClarkVP Sales · Company website
- Travis NoorigianSales Team · Company website
- Matt KesslerSales Team · Company website
How we got $8.9M
Based on its 36 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Target Completions is an American company in Broken Arrow, Oklahoma that manufactures oil and gas well completion tools, such as packers, valves, and service tools, for oil field operations.
From the company's website. Industry: All Other General Purpose Machinery Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 7 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 7 mi · $467.8M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 11 mi · $326.8M
- BKG INDUSTRIES, LLC · Stigler, 66 mi · $318.3M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 11 mi · $315.1M
Estimated value over time
▼ 13% 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 |
|---|---|---|
| TARGET COMPLETIONS this business | $16.9M | — |
| A&C FABRICATION Broken Arrow · 2 employees | $1.3M | 1.3 mi |
| APOLLO PRODUCTS MFG LLC Broken Arrow · 17 employees | $5.8M | 2.2 mi |
| VACUWORX GLOBAL, LLC Tulsa · 70 employees | $34.9M | 2.3 mi |
| SHIELDING RESOURCES GROUP INC Tulsa · 18 employees | $6.4M | 2.7 mi |
| RUHRPUMPEN, INC. Tulsa · 249 employees | $197.8M | 3.6 mi |
| STANLEY FILTER CO, LLC Tulsa · 6 employees | $4.2M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 36 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.9M |
| Estimate: the two combined (geometric mean) | $16.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.9M |
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 | $8.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $4.7M – $12.2M |
| Revenue range | $11.1M – $19.3M |
| EBITDA range | $1.2M – $2.2M |
| Industry (NAICS) | All Other General Purpose Machinery Manufacturing (333999) |
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
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $473K | 36 |
| 1/30/2021 | second | $356K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Target Completions
Target Completions is an all other general purpose machinery manufacturing company in Broken Arrow, Oklahoma, in business since 2012. It is owned by Mike Sommers (President). Its estimated annual revenue is about $16.9M, with roughly $1.9M of EBITDA. It has about 36 employees. Its estimated business value is $8.9M (likely range $4.7M–$12.2M).
Common questions
- Who owns Target Completions?
- Target Completions is owned by Mike Sommers (President), according to public sources such as the company's website or filings.
- How much revenue does Target Completions make?
- SeeBITDA estimates Target Completions's annual revenue at about $16.9M (likely between $11.1M and $19.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Target Completions worth?
- About $8.9M, roughly 4.7× its estimated EBITDA of $1.9M, typical for a all other general purpose machinery manufacturing company its size. Likely range: $4.7M–$12.2M.
- How many employees does Target Completions have?
- About 36, as reported on its PPP loan.
- When was Target Completions founded?
- Target Completions has been in business since 2012.