Tulsa Pier Drilling LLC
How we got $2.0M
Based on its 18 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 28 years (since 1998)
- Family in the business (Doug Watts, President and Co-Owner)
From public records and the company's website, not a statement that it's for sale.
What they do
Tulsa Pier Drilling LLC is a commercial pier and deep foundation drilling contractor based in Claremore, OK, offering hard rock and slurry drilling, low-clearance work, and turn-key pier installation. It states it travels throughout the continental United States.
From the company's website. Industry: Other Foundation, Structure, and Building Exterior Contractors.
Estimated value over time
▲ 33% 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 |
|---|---|---|
| TULSA PIER DRILLING LLC this business | $7.6M | — |
| Capital Roofing LLC Claremore | $2.2M | 2.9 mi |
| MORGAN BROS INC. Claremore · 5 employees | $1.8M | 3.2 mi |
| SPENCER CONCRETE & EXCAVATION L.L.C. Claremore · 16 employees | $6.5M | 3.8 mi |
| J & L PETREE, LLC Claremore · 2 employees | $657K | 4.5 mi |
| ACE WELDING SERVICES, LLC Claremore · 1 employees | $334K | 5.1 mi |
| Capital Roofing LLC Claremore | $2.2M | 5.4 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.8M |
| Estimate: the two combined (geometric mean) | $7.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $708K |
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 | $2.0M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.0M – $2.7M |
| Revenue range | $5.0M – $8.7M |
| EBITDA range | $466K – $808K |
| Industry (NAICS) | Other Foundation, Structure, and Building Exterior Contractors (238190) |
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
“Tulsa Pier Drilling (TPD) was created in 1998 by Doug Watts, Wyandotte Nation citizen, who continues as President and Co-Owner, today.”
Leadership
- DWDoug WattsPresident and Co-Owner · Company website · source
Advisors
- BankingThe Central Trust 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
| The Central Trust Bank PPP 2020, PPP 2021 | All 323 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $257K | 18 |
| 1/17/2021 | second | $247K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tulsa Pier Drilling LLC
Tulsa Pier Drilling LLC is an other foundation, structure, and building exterior contractors company in Claremore, Oklahoma, in business since 1998. It is owned by Cara Cowan Watts (Principal Owner and CEO). Its estimated annual revenue is about $7.6M, with roughly $708K of EBITDA. It has about 18 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).
Common questions
- Who owns Tulsa Pier Drilling LLC?
- Tulsa Pier Drilling LLC is owned by Cara Cowan Watts (Principal Owner and CEO), according to public sources such as the company's website or filings.
- How much revenue does Tulsa Pier Drilling LLC make?
- SeeBITDA estimates Tulsa Pier Drilling LLC's annual revenue at about $7.6M (likely between $5.0M and $8.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tulsa Pier Drilling LLC worth?
- About $2.0M, roughly 2.8× its estimated EBITDA of $708K, typical for a other foundation, structure, and building exterior contractors company its size. Likely range: $1.0M–$2.7M.
- How many employees does Tulsa Pier Drilling LLC have?
- About 18, as reported on its PPP loan.
- When was Tulsa Pier Drilling LLC founded?
- Tulsa Pier Drilling LLC has been in business since 1998.