Tri State Industries of Tulsa LLC
How we got $4.9M
Based on its 11 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▼ 17% since 2021Today'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 |
|---|---|---|
| TRI STATE INDUSTRIES OF TULSA LLC this business | $8.3M | — |
| GEN-X MACHINE TECHNOLOGIES, INC Tulsa · 30 employees | $23.1M | 1.1 mi |
| PDLA, LLC Tulsa · 1 employees | $1.1M | 1.7 mi |
| PIPE DREAM INVESTMENTS LLC Tulsa · 3 employees | $3.2M | 1.7 mi |
| STEEL SERVICE OILFIELD TUBULAR, INC. Tulsa · 15 employees | $13.7M | 1.7 mi |
| TRANAM SYSTEMS INTERNATIONL INC. Tulsa · 31 employees | $21.9M | 2.0 mi |
| VORTEX FLUID SYSTEMS INC Tulsa · 17 employees | $11.6M | 2.1 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.0M |
| Estimate: the two combined (geometric mean) | $8.3M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $2.6M – $6.8M |
| Revenue range | $5.4M – $9.4M |
| EBITDA range | $692K – $1.2M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
Advisors
- BankingFirst National Bank of Gillette, Security 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 Roles are as stated there and may be out of date.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
| First National Bank of Gillette PPP 2021 | View → |
| Security Bank 7(a) 2023 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/10/2021 | second | $162K | 11 |
Public records
| Mar 2023 | 7(a) | $1.1M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tri State Industries of Tulsa LLC
Tri State Industries of Tulsa LLC is an oil and gas field machinery and equipment manufacturing company in Tulsa, Oklahoma, in business since 2013. Its estimated annual revenue is about $8.3M, with roughly $1.1M of EBITDA. It has about 11 employees. Its estimated business value is $4.9M (likely range $2.6M–$6.8M).
Common questions
- Who owns Tri State Industries of Tulsa LLC?
- The owner of Tri State Industries of Tulsa LLC 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 Tri State Industries of Tulsa LLC make?
- SeeBITDA estimates Tri State Industries of Tulsa LLC's annual revenue at about $8.3M (likely between $5.4M and $9.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri State Industries of Tulsa LLC worth?
- About $4.9M, roughly 4.7× its estimated EBITDA of $1.1M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $2.6M–$6.8M.
- How many employees does Tri State Industries of Tulsa LLC have?
- About 11, as reported on its PPP loan.
- When was Tri State Industries of Tulsa LLC founded?
- Tri State Industries of Tulsa LLC has been in business since 2013.