Tulsa Tube Bending, Inc.
How we got $20.3M
Based on its 64 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 31% 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
▲ 11% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 64 | $17.1M |
| 2020 | Form 5500 | 63 | $16.9M |
| 2021 | Form 5500 | 57 | $15.3M |
| 2022 | Form 5500 | 58 | $15.5M |
| 2023 | Form 5500 | 67 | $17.9M |
| 2024 | Form 5500 | 71 | $19.0M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 68 years (since 1958)
From public records and the company's website, not a statement that it's for sale.
What they do
Tulsa Tube Bending, Inc. makes custom pipe and tube bends, coils and related fabrication for a range of industries, serving customers across all U.S. states and globally.
From the company's website. Industry: Fabricated Pipe and Pipe Fitting Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 3 mi · $33.63B
- Helmerich & Payne · Tulsa, 3 mi · $3.75B
- EXPLORER PIPELINE COMPANY · Tulsa, 4 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 3 mi · $467.9M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 4 mi · $326.8M
- AMERICAN PIPING INSPECTION, IN · Tulsa, 13 mi · $122.0M
- WALLACE ENGINEERING - STRUCTURAL CONSULTANTS, INC · Tulsa, 4 mi · $60.8M
- AMERICAN PIPING INSPECTION INC. · Tulsa, 13 mi · $52.8M
- SGA DESIGN GROUP, P.C. · Tulsa, 3 mi · $42.2M
- GOLDEN FIELD SERVICES INC. · Tulsa, 8 mi · $41.9M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TULSA TUBE BENDING, INC. this business | $32.9M | — |
| WMC CUSTOM, INC. Tulsa · 16 employees | $7.1M | 0.3 mi |
| WMC PRECISION, INC Tulsa · 13 employees | $6.4M | 0.3 mi |
| YOUNG ENERGY PRODUCTS, LLC Tulsa · 11 employees | $5.6M | 1.6 mi |
| CLOSEBEND INC Tulsa · 6 employees | $3.4M | 2.9 mi |
| WR ROCKY HOLDCO, LLC Tulsa · 90 employees | $44.4M | 3.4 mi |
| WRC HOLDCO, LLC Tulsa · 29 employees | $11.3M | 3.4 mi |
The full calculation
| Employees reported to the SBA | 64 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $36.7M |
| Estimate: the two combined (geometric mean) | $32.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $3.5M |
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 | $20.3M |
| Multiple for this size and industry | 5.8× |
| Value range | $10.7M – $27.8M |
| Revenue range | $21.6M – $37.5M |
| EBITDA range | $2.3M – $4.0M |
| Industry (NAICS) | Fabricated Pipe and Pipe Fitting Manufacturing (332996) |
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
“Founded in 1958 as a provider of pipe bends and tube bending services for the local oil industry, Tulsa Tube Bending is an industry leader recognized for offering world-class service and quality products.”
Advisors
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 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 | $1.2M | 64 |
| 1/22/2021 | second | $1.2M | 63 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tulsa Tube Bending, Inc.
Tulsa Tube Bending, Inc. is a fabricated pipe and pipe fitting manufacturing company in Tulsa, Oklahoma, in business since 1958. It is owned by Brad Frank (President). Its estimated annual revenue is about $32.9M, with roughly $3.5M of EBITDA. It has about 71 employees. Its estimated business value is $20.3M (likely range $10.7M–$27.8M).
Common questions
- Who owns Tulsa Tube Bending, Inc.?
- Tulsa Tube Bending, Inc. is owned by Brad Frank (President), according to public sources such as the company's website or filings.
- How much revenue does Tulsa Tube Bending, Inc. make?
- SeeBITDA estimates Tulsa Tube Bending, Inc.'s annual revenue at about $32.9M (likely between $21.6M and $37.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tulsa Tube Bending, Inc. worth?
- About $20.3M, roughly 5.8× its estimated EBITDA of $3.5M, typical for a fabricated pipe and pipe fitting manufacturing company its size. Likely range: $10.7M–$27.8M.
- How many employees does Tulsa Tube Bending, Inc. have?
- About 71, from its 2024 retirement-plan filing.
- When was Tulsa Tube Bending, Inc. founded?
- Tulsa Tube Bending, Inc. has been in business since 1958.