The Railroad Yard, Inc.
How we got $5.8M
Based on its 46 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 48 years (since 1978)
- 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
The Railroad Yard Inc, also called The Railroad Yard Pipe & Steel Supply, sells metal buildings, shipping containers, steel, pipe, tubing, fencing, railroad ties and custom steel fabrication. The site says it has served Stillwater, Oklahoma and the Midwest since 1978.
From the company's website. Industry: Structural Steel and Precast Concrete Contractors.
Customers & suppliers
Customers
- U.S. Fish and Wildlife Service · federal contracts $113K
Estimated value over time
▲ 29% 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 | 46 | $11.6M |
| 2020 | Form 5500 | 67 | $17.0M |
| 2021 | Form 5500 | 50 | $12.7M |
| 2022 | Form 5500 | 56 | $14.2M |
| 2023 | Form 5500 | 65 | $16.5M |
| 2024 | Form 5500 | 58 | $14.7M |
| 2025 | Form 5500 | 52 | $13.2M |
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 |
|---|---|---|
| THE RAILROAD YARD, INC. this business | $19.8M | — |
| LINSENMEYER FRAMING LLC Stillwater · 2 employees | $912K | 1.3 mi |
| JAMM CO Masonry Stillwater | $2.2M | 3.3 mi |
| KERNS READY MIXED CONCRETE INC. Stillwater · 19 employees | $7.4M | 3.4 mi |
| T AND C GLASS CONTRACTING LLC Stillwater · 3 employees | $651K | 3.7 mi |
| New View Roofing Stillwater | $2.2M | 4.0 mi |
| CLINE CRETE, LLC Stillwater · 2 employees | $1.2M | 4.1 mi |
The full calculation
| Employees reported to the SBA | 46 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.9M |
| Estimate: the two combined (geometric mean) | $19.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| 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 | $5.8M |
| Multiple for this size and industry | 3.4× |
| Value range | $3.1M – $8.0M |
| Revenue range | $13.0M – $22.6M |
| EBITDA range | $1.1M – $2.0M |
| Industry (NAICS) | Structural Steel and Precast Concrete Contractors (238120) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“In 1978, The Railroad Yard began as a family-owned railroad salvage company, recycling railroad ties and bridge timbers.”
Advisors
- BankingThe Payne County 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
| The Payne County Bank PPP 2020 | All 82 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $611K | 46 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Railroad Yard, Inc.
The Railroad Yard, Inc. is a family-owned structural steel and precast concrete contractors company in Stillwater, Oklahoma, in business since 1978. It is owned by Bill Anderson IV (Leadership (described as leading the company; no explicit owner title)). Its estimated annual revenue is about $19.8M, with roughly $1.7M of EBITDA. It has about 52 employees. Its estimated business value is $5.8M (likely range $3.1M–$8.0M).
Common questions
- Who owns The Railroad Yard, Inc.?
- The Railroad Yard, Inc. is owned by Bill Anderson IV (Leadership (described as leading the company; no explicit owner title)), according to public sources such as the company's website or filings.
- How much revenue does The Railroad Yard, Inc. make?
- SeeBITDA estimates The Railroad Yard, Inc.'s annual revenue at about $19.8M (likely between $13.0M and $22.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Railroad Yard, Inc. worth?
- About $5.8M, roughly 3.4× its estimated EBITDA of $1.7M, typical for a structural steel and precast concrete contractors company its size. Likely range: $3.1M–$8.0M.
- How many employees does The Railroad Yard, Inc. have?
- About 52, from its 2025 retirement-plan filing.
- When was The Railroad Yard, Inc. founded?
- The Railroad Yard, Inc. has been in business since 1978.
- Is The Railroad Yard, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 48 years (since 1978); no family successor named on its website.