Tulsa Centerless Bar Processing, Inc
How we got $7.6M
Based on its 42 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 40% 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
▼ 24% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 42 | $8.5M |
| 2020 | Form 5500 | 30 | $6.1M |
| 2021 | Form 5500 | 32 | $6.5M |
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 |
|---|---|---|
| TULSA CENTERLESS BAR PROCESSING, INC this business | $15.1M | — |
| CLINE MACHINE, INC. Tulsa · 18 employees | $5.3M | 0.1 mi |
| ALPHA MACHINING & MANUFACTURING, INC. Tulsa · 9 employees | $2.5M | 0.5 mi |
| DGP INCORPORATED Tulsa · 10 employees | $2.8M | 1.2 mi |
| MACHINING TECHNOLOGY OF OKLAHOMA, INC. Catoosa · 3 employees | $879K | 1.5 mi |
| ARROW TOOL & GAGE CO., INC. Tulsa · 16 employees | $4.9M | 1.5 mi |
| PADGETT MACHINE SHOP, LLC Tulsa · 2 employees | $585K | 1.6 mi |
The full calculation
| Employees reported to the SBA | 42 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.4M |
| Estimate: the two combined (geometric mean) | $15.1M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.6M |
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 | $7.6M |
| Multiple for this size and industry | 4.7× |
| Value range | $4.0M – $10.4M |
| Revenue range | $9.9M – $17.2M |
| EBITDA range | $1.1M – $1.8M |
| Industry (NAICS) | Machine Shops (332710) |
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
History & advisors
Advisors
- BankingSecurity 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
| Security Bank PPP 2020, PPP 2021 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $537K | 42 |
| 2/5/2021 | second | $537K | 29 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tulsa Centerless Bar Processing, Inc
Tulsa Centerless Bar Processing, Inc is a machine shops & fabrication company in Tulsa, Oklahoma, in business since 1999. It is owned by Evan Hudson (Key Principal). Its estimated annual revenue is about $15.1M, with roughly $1.6M of EBITDA. It has about 32 employees. Its estimated business value is $7.6M (likely range $4.0M–$10.4M).
Common questions
- Who owns Tulsa Centerless Bar Processing, Inc?
- Tulsa Centerless Bar Processing, Inc is owned by Evan Hudson (Key Principal), according to public sources such as the company's website or filings.
- How much revenue does Tulsa Centerless Bar Processing, Inc make?
- SeeBITDA estimates Tulsa Centerless Bar Processing, Inc's annual revenue at about $15.1M (likely between $9.9M and $17.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tulsa Centerless Bar Processing, Inc worth?
- About $7.6M, roughly 4.7× its estimated EBITDA of $1.6M, typical for a machine shops & fabrication company its size. Likely range: $4.0M–$10.4M.
- How many employees does Tulsa Centerless Bar Processing, Inc have?
- About 32, from its 2021 retirement-plan filing.
- When was Tulsa Centerless Bar Processing, Inc founded?
- Tulsa Centerless Bar Processing, Inc has been in business since 1999.