Tek-Fins, Incorporated
How we got $37.7M
Based on its 80 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 37 years (since 1989)
- Founder still runs it after 37 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
TEK-FINS designs and manufactures horizontal air cooled heat exchangers and finned tubes for a variety of markets, with its core business in natural gas pipeline production.
From the company's website. Industry: Power Boiler and Heat Exchanger Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Autoflections Car Detailing · Tulsa, 9 mi · $45.0M
- Bottoms Up Motorsports · Collinsville, 26 mi · $22.5M
- SBM CORPORATION · Bixby, 14 mi · $20.9M
- SAME DAY TIRE AND AUTO REPAIR · Sapulpa, 3 mi · $18.7M
- ADVANTAGE GLASS, LLC · Tulsa, 12 mi · $13.3M
Estimated value over time
▲ 15% 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
▲ 76% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 80 | $33.9M |
| 2020 | Form 5500 | 74 | $31.4M |
| 2021 | Form 5500 | 60 | $25.4M |
| 2022 | Form 5500 | 76 | $32.2M |
| 2023 | Form 5500 | 101 | $42.8M |
| 2024 | Form 5500 | 105 | $44.5M |
| 2025 | Form 5500 | 141 | $59.8M |
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 |
|---|---|---|
| TEK-FINS, INCORPORATED this business | $52.0M | — |
| Fabwell Corporation Tulsa | $4.0M | 0.5 mi |
| FABSCO SHELL AND TUBE, LLC Sapulpa · 65 employees | $57.0M | 1.7 mi |
| Heater Fabricators of Tulsa Tulsa | $1.3M | 3.3 mi |
| BORN, INC Tulsa · 24 employees | $20.8M | 3.4 mi |
| 3-D MANUFACTURING, INC Sapulpa · 11 employees | $5.3M | 3.5 mi |
| Cust-O-Fab Sand Springs | $3.0M | 6.3 mi |
The full calculation
| Employees reported to the SBA | 80 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $50.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $41.4M |
| Estimate: the two combined (geometric mean) | $52.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $5.5M |
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 | $37.7M |
| Multiple for this size and industry | 6.8× |
| Value range | $19.9M – $51.6M |
| Revenue range | $34.2M – $59.3M |
| EBITDA range | $3.6M – $6.3M |
| Industry (NAICS) | Power Boiler and Heat Exchanger Manufacturing (332410) |
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
- BankingThe First National Bank and Trust Company of Broken ArrowPPP / 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
| The First National Bank and Trust Company of Broken Arrow PPP 2020 | All 149 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 | $811K | 80 |
2 locations
| 8301 STATE HIGHWAY 66 | Tulsa | This listing |
| 5566 S Garnett Rd | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tek-Fins, Incorporated
Tek-Fins, Incorporated is a family-owned power boiler and heat exchanger manufacturing company in Tulsa, Oklahoma, in business since 1989. It is owned by James (Jim) Rainey (founder). Its estimated annual revenue is about $52.0M, with roughly $5.5M of EBITDA. It has about 141 employees. Its estimated business value is $37.7M (likely range $19.9M–$51.6M). It has 2 locations.
Common questions
- Who owns Tek-Fins, Incorporated?
- Tek-Fins, Incorporated is owned by James (Jim) Rainey (founder), according to public sources such as the company's website or filings.
- How much revenue does Tek-Fins, Incorporated make?
- SeeBITDA estimates Tek-Fins, Incorporated's annual revenue at about $52.0M (likely between $34.2M and $59.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tek-Fins, Incorporated worth?
- About $37.7M, roughly 6.8× its estimated EBITDA of $5.5M, typical for a power boiler and heat exchanger manufacturing company its size. Likely range: $19.9M–$51.6M.
- How many employees does Tek-Fins, Incorporated have?
- About 141, from its 2025 retirement-plan filing.
- When was Tek-Fins, Incorporated founded?
- Tek-Fins, Incorporated has been in business since 1989.
- Is Tek-Fins, Incorporated for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 37 years (since 1989); founder still runs it after 37 years; no family successor named on its website.