Turner Welding, Inc.
How we got $5.6M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 46 years (since 1980)
- Founder still runs it after 46 years
From public records and the company's website, not a statement that it's for sale.
What they do
Turner Welding, Inc. provides welding and fabrication services to communities throughout the region, from smaller industrial jobs to larger commercial projects, plus oil field and agricultural services.
From the company's website. Industry: Fabricated Structural Metal Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 35 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 35 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 29 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 30 mi · $651.7M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 29 mi · $557.8M
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TURNER WELDING, INC. this business | $10.3M | — |
| CRAWLER FAB WORKS, INC Chickasha · 4 employees | $1.5M | 8.9 mi |
| JOHNSON WELDING & FABRICATION LLC Tuttle · 5 employees | $2.0M | 9.0 mi |
| TAYLOR $ SON'S PIPE & STEEL, INC Chickasha · 56 employees | $35.9M | 14.0 mi |
| NATURAL LIGHT SOURCE, LLC Newcastle · 7 employees | $3.3M | 14.6 mi |
| RIGID STEEL STRUCTURES INC Mustang · 9 employees | $4.7M | 15.7 mi |
| ULTIMATE HOME INC Mustang · 10 employees | $3.8M | 16.8 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.3M |
| Estimate: the two combined (geometric mean) | $10.3M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.6M |
| Multiple for this size and industry | 4.7× |
| Value range | $2.9M – $7.6M |
| Revenue range | $6.8M – $11.8M |
| EBITDA range | $778K – $1.3M |
| Industry (NAICS) | Fabricated Structural Metal Manufacturing (332312) |
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
“We've grown from a one-man, one-truck business founded by Dale Turner in 1980 to a thriving operation that now employs more than 20 people and operates 24 hours a day, 365 days per year.”
Advisors
- BankingRCB 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
| RCB Bank PPP 2020, PPP 2021 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $159K | 16 |
| 1/25/2021 | second | $150K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Turner Welding, Inc.
Turner Welding, Inc. is a fabricated structural metal manufacturing company in Amber, Oklahoma, in business since 1980. It is owned by Dale Turner (Founder). Its estimated annual revenue is about $10.3M, with roughly $1.2M of EBITDA. It has about 16 employees. Its estimated business value is $5.6M (likely range $2.9M–$7.6M).
Common questions
- Who owns Turner Welding, Inc.?
- Turner Welding, Inc. is owned by Dale Turner (Founder), according to public sources such as the company's website or filings.
- How much revenue does Turner Welding, Inc. make?
- SeeBITDA estimates Turner Welding, Inc.'s annual revenue at about $10.3M (likely between $6.8M and $11.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Turner Welding, Inc. worth?
- About $5.6M, roughly 4.7× its estimated EBITDA of $1.2M, typical for a fabricated structural metal manufacturing company its size. Likely range: $2.9M–$7.6M.
- How many employees does Turner Welding, Inc. have?
- About 16, as reported on its PPP loan.
- When was Turner Welding, Inc. founded?
- Turner Welding, Inc. has been in business since 1980.
- Is Turner Welding, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 46 years (since 1980); founder still runs it after 46 years.