Tri-States Sales Inc.
How we got $3.5M
Based on its 14 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 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Tri-States Sales Inc. is a supplier and manufacturer of standard and specialty threaded fasteners and machined components, with stock for immediate shipment or custom manufacturing to customer specifications.
From the company's website. Industry: Other Miscellaneous Durable Goods Merchant Wholesalers.
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.
Employees over time
▲ 50% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $9.7M |
| 2020 | Form 5500 | 11 | $7.6M |
| 2021 | Form 5500 | 13 | $9.0M |
| 2022 | Form 5500 | 10 | $6.9M |
| 2023 | Form 5500 | 15 | $10.4M |
| 2024 | Form 5500 | 26 | $18.0M |
| 2025 | Form 5500 | 21 | $14.5M |
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 |
|---|---|---|
| TRI-STATES SALES INC. this business | $14.3M | — |
| CLAREMORE AUTO PARTS Claremore · 9 employees | $6.5M | 2.7 mi |
| SECOND IMAGE, INC Catoosa · 5 employees | $9.3M | 11.7 mi |
| POE BOY FLEMING AUTO SALVAGE INC Catoosa · 9 employees | $8.3M | 11.7 mi |
| SILENT NIGHT SCENIC, LLC Owasso · 1 employees | $1.3M | 13.0 mi |
| DAVCO, L.L.C Catoosa · 1 employees | $856K | 13.0 mi |
| ADVANCED INDUSTRIAL SOLUTIONS, LLC Collinsville · 8 employees | $8.1M | 13.0 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.2M |
| Estimate: the two combined (geometric mean) | $14.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $978K |
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 | $3.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.9M – $4.8M |
| Revenue range | $9.4M – $16.3M |
| EBITDA range | $644K – $1.1M |
| Industry (NAICS) | Other Miscellaneous Durable Goods Merchant Wholesalers (423990) |
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
“Since our beginning in 1997, we have been dedicated to serving our customers at the highest level possible.”
Advisors
- BankingBlue Sky 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
| Blue Sky Bank PPP 2020, PPP 2021 | All 430 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 | $182K | 14 |
| 5/18/2021 | second | $182K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tri-States Sales Inc.
Tri-States Sales Inc. is an other miscellaneous durable goods merchant wholesalers company in Claremore, Oklahoma, in business since 1997. It is owned by Brian Plummer (President). Its estimated annual revenue is about $14.3M, with roughly $978K of EBITDA. It has about 21 employees. Its estimated business value is $3.5M (likely range $1.9M–$4.8M).
Common questions
- Who owns Tri-States Sales Inc.?
- Tri-States Sales Inc. is owned by Brian Plummer (President), according to public sources such as the company's website or filings.
- How much revenue does Tri-States Sales Inc. make?
- SeeBITDA estimates Tri-States Sales Inc.'s annual revenue at about $14.3M (likely between $9.4M and $16.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri-States Sales Inc. worth?
- About $3.5M, roughly 3.6× its estimated EBITDA of $978K, typical for a other miscellaneous durable goods merchant wholesalers company its size. Likely range: $1.9M–$4.8M.
- How many employees does Tri-States Sales Inc. have?
- About 21, from its 2025 retirement-plan filing.
- When was Tri-States Sales Inc. founded?
- Tri-States Sales Inc. has been in business since 1997.