Tec-An, Inc.
How we got $5.4M
Based on its 31 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 40 years (since 1986)
- Family in the business (Grayson Cook, Inspector & Estimator)
From public records and the company's website, not a statement that it's for sale.
What they do
Tec-An Inc is an environmental services company in Oklahoma City, OK, providing asbestos, mold, lead-based paint inspection and removal, and air monitoring for commercial and residential customers. It has been in business since 1986.
From the company's website. Industry: Remediation Services.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MidFirst Bank · Oklahoma City, 8 mi · $2.25B
- BancFirst · Oklahoma City, 6 mi · $785.7M
- InterBank · Oklahoma City, 6 mi · $369.1M
- First Fidelity Bank · Oklahoma City, 7 mi · $161.7M
- Communication Federal Credit Union · Oklahoma City, 7 mi · $148.2M
Estimated value over time
▲ 49% 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
▼ 19% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $6.4M |
| 2020 | Form 5500 | 20 | $4.1M |
| 2021 | Form 5500 | 27 | $5.6M |
| 2022 | Form 5500 | 25 | $5.1M |
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 |
|---|---|---|
| TEC-AN, INC. this business | $8.9M | — |
| BRIERLY PLUMBING TECHNOLOGIES Oklahoma City · 31 employees | $8.6M | 2.1 mi |
| ANVIL CONSULTING LLC Oklahoma City · 8 employees | $2.1M | 2.5 mi |
| SOONER ROLL-OFF INC Oklahoma City · 23 employees | $5.6M | 2.7 mi |
| D WATTS & SONS LLC Oklahoma City · 10 employees | $2.8M | 3.5 mi |
| Foster Septic Tank Cleaning Oklahoma City | $2.4M | 3.5 mi |
| NOVA STAR RECYCLING LLC Oklahoma City · 9 employees | $5.9M | 3.7 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.2M |
| Estimate: the two combined (geometric mean) | $8.9M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.4M |
| Multiple for this size and industry | 4.7× |
| Value range | $2.9M – $7.4M |
| Revenue range | $5.9M – $10.2M |
| EBITDA range | $759K – $1.3M |
| Industry (NAICS) | Remediation Services (562910) |
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
Leadership
- DNDonald NistVice President · Company website · source
- GCGrayson CookInspector & Estimator · Company website · source
- KMKevin MullanaxInspector & Estimator · Company website · source
- LBLora BahnsenAccountant · Company website · source
- SMSheri MerwinReceptionist · Company website · source
- KNKenneth NubineSupervisor · Company website · source
- JMJose MorenoSupervisor · Company website · source
Advisors
- BankingUMB Bank, National AssociationPPP / 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
| UMB Bank, National Association PPP 2020 | All 99 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $275K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tec-An, Inc.
Tec-An, Inc. is a remediation services company in Oklahoma City, Oklahoma, in business since 1986. It is owned by Gary Cook (President). Its estimated annual revenue is about $8.9M, with roughly $1.2M of EBITDA. It has about 25 employees. Its estimated business value is $5.4M (likely range $2.9M–$7.4M).
Common questions
- Who owns Tec-An, Inc.?
- Tec-An, Inc. is owned by Gary Cook (President), according to public sources such as the company's website or filings.
- How much revenue does Tec-An, Inc. make?
- SeeBITDA estimates Tec-An, Inc.'s annual revenue at about $8.9M (likely between $5.9M and $10.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tec-An, Inc. worth?
- About $5.4M, roughly 4.7× its estimated EBITDA of $1.2M, typical for a remediation services company its size. Likely range: $2.9M–$7.4M.
- How many employees does Tec-An, Inc. have?
- About 25, from its 2022 retirement-plan filing.
- When was Tec-An, Inc. founded?
- Tec-An, Inc. has been in business since 1986.