Timco Blasting & Coatings, Inc.
How we got $18.7M
Based on its 110 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 36 years (since 1990)
From public records and the company's website, not a statement that it's for sale.
What they do
Timco is a pipeline construction, integrity and maintenance contractor that also provides facility, plant and industrial services for energy providers, municipal agencies and federal clients, operating from Bristow, Oklahoma.
From the company's website. Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance.
Customers & suppliers
Customers
- Department of the Army · federal contracts $1.8M
- OneOK · named on its website
- Energy Transfer · named on its website
- U.S. Army Corps of Engineers · named on its website
- U.S. Air Force Air Guard · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ADVANTAGE ENERGY SERVICES LLC · Mcalester, 71 mi · $1.19B
- T/J INSPECTION, INC. · Del City, 65 mi · $651.7M
- EXPLORER PIPELINE COMPANY · Tulsa, 29 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 30 mi · $467.7M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 31 mi · $326.7M
Estimated value over time
▲ 18% 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 |
|---|---|---|
| TIMCO BLASTING & COATINGS, INC. this business | $36.6M | — |
| JACKSON PUMP & SUPPLY, INC. Drumright · 14 employees | $4.9M | 14.1 mi |
| W&K OILFIELD REPAIR LLC Drumright · 3 employees | $1.2M | 14.5 mi |
| CARGILL VALVE, LLC Drumright · 15 employees | $5.0M | 14.6 mi |
| PROGRESSIVE VALVE COMPANY Drumright · 2 employees | $690K | 16.2 mi |
| REDBONE TOOL AND MACHINE INC Sapulpa · 2 employees | $834K | 17.8 mi |
| TANK FARM SERVICE, LLC Sapulpa · 60 employees | $29.1M | 19.2 mi |
The full calculation
| Employees reported to the SBA | 110 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $36.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $27.9M |
| Estimate: the two combined (geometric mean) | $36.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $3.4M |
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 | $18.7M |
| Multiple for this size and industry | 5.5× |
| Value range | $9.9M – $25.6M |
| Revenue range | $24.1M – $41.7M |
| EBITDA range | $2.2M – $3.9M |
| Industry (NAICS) | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310) |
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
“Originally founded in 1990 as a sandblasting and specialty painting company, Timco has since expanded to become a "one-stop-shop" for the pipeline, oil and gas, municipal, and industrial sectors.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $933K | 110 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Timco Blasting & Coatings, Inc.
Timco Blasting & Coatings, Inc. is a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company in Bristow, Oklahoma, in business since 1990. Its estimated annual revenue is about $36.6M, with roughly $3.4M of EBITDA. It has about 110 employees. Its estimated business value is $18.7M (likely range $9.9M–$25.6M).
Common questions
- Who owns Timco Blasting & Coatings, Inc.?
- The owner of Timco Blasting & Coatings, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Timco Blasting & Coatings, Inc. make?
- SeeBITDA estimates Timco Blasting & Coatings, Inc.'s annual revenue at about $36.6M (likely between $24.1M and $41.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Timco Blasting & Coatings, Inc. worth?
- About $18.7M, roughly 5.5× its estimated EBITDA of $3.4M, typical for a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company its size. Likely range: $9.9M–$25.6M.
- How many employees does Timco Blasting & Coatings, Inc. have?
- About 110, as reported on its PPP loan.
- When was Timco Blasting & Coatings, Inc. founded?
- Timco Blasting & Coatings, Inc. has been in business since 1990.