Tower Components, Inc.
How we got $14.4M
Based on its 26 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
Tower Components Inc. is a steel fabrication company that builds custom-built projects of all shapes and sizes, with over 30 years in the business.
From the company's website. Industry: Fabricated Structural Metal Manufacturing.
Estimated value over time
▲ 47% 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 |
|---|---|---|
| TOWER COMPONENTS, INC. this business | $23.3M | — |
| EMMAUS GROUP LLC Tulsa · 7 employees | $3.3M | 3.0 mi |
| ACME MANUFACTURING CORP Claremore · 29 employees | $13.9M | 3.2 mi |
| CLAW MANUFACTURING Catoosa · 22 employees | $11.5M | 3.3 mi |
| TULSA METAL FINISHING COMPANY Tulsa · 28 employees | $11.0M | 3.5 mi |
| TULSA PLATE WORKS INC. Tulsa · 1 employees | $355K | 3.5 mi |
| SYNERGY AEROSPACE LLC Tulsa · 6 employees | $2.2M | 3.6 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.4M |
| Estimate: the two combined (geometric mean) | $23.3M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.5M |
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 | $14.4M |
| Multiple for this size and industry | 5.8× |
| Value range | $7.6M – $19.7M |
| Revenue range | $15.3M – $26.6M |
| EBITDA range | $1.6M – $2.8M |
| Industry (NAICS) | Fabricated Structural Metal Manufacturing (332312) |
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
“Tower Components Inc. has been family owned and operated since the beginning to keep operating costs low, and provide fair market prices along with high quality workmanship.”
Advisors
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020, PPP 2021 | All 1,112 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 | $354K | 26 |
| 1/29/2021 | second | $368K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tower Components, Inc.
Tower Components, Inc. is a family-owned fabricated structural metal manufacturing company in Catoosa, Oklahoma, in business since 2010. It is owned by Kevin Lee Clyma (President). Its estimated annual revenue is about $23.3M, with roughly $2.5M of EBITDA. It has about 26 employees. Its estimated business value is $14.4M (likely range $7.6M–$19.7M).
Common questions
- Who owns Tower Components, Inc.?
- Tower Components, Inc. is owned by Kevin Lee Clyma (President), according to public sources such as the company's website or filings.
- How much revenue does Tower Components, Inc. make?
- SeeBITDA estimates Tower Components, Inc.'s annual revenue at about $23.3M (likely between $15.3M and $26.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tower Components, Inc. worth?
- About $14.4M, roughly 5.8× its estimated EBITDA of $2.5M, typical for a fabricated structural metal manufacturing company its size. Likely range: $7.6M–$19.7M.
- How many employees does Tower Components, Inc. have?
- About 26, as reported on its PPP loan.
- When was Tower Components, Inc. founded?
- Tower Components, Inc. has been in business since 2010.