U.s. Pioneer, LLC
How we got $12.9M
Based on its 45 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.
What they do
U.S. Pioneer, Inc. is a Tulsa, Oklahoma-based naval product manufacturer that designs and makes electrical equipment for naval ships and says it is one of the largest suppliers of shipboard electrical components to the US Navy. It also says it produces engineered products for other industries.
From the company's website. Industry: All Other Miscellaneous Electrical Equipment and Component Manufacturing.
Customers & suppliers
Customers
- Defense Logistics Agency · federal contracts $33.2M
- U.S. Coast Guard · federal contracts $16K
- Austal USA · named on its website
Estimated value over time
▲ 12% 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
▲ 51% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 45 | $20.2M |
| 2020 | Form 5500 | 41 | $18.4M |
| 2021 | Form 5500 | 42 | $18.9M |
| 2022 | Form 5500 | 42 | $18.9M |
| 2023 | Form 5500 | 48 | $21.6M |
| 2024 | Form 5500 | 51 | $22.9M |
| 2025 | Form 5500 | 68 | $30.6M |
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 |
|---|---|---|
| U.S. PIONEER, LLC this business | $21.9M | — |
| KEY COMMUNICATIONS, LLC Tulsa · 3 employees | $1.6M | 1.2 mi |
| DZ ELECTRIC LLC Tulsa | $3.6M | 1.8 mi |
| M.W. BEVINS COMPANY Tulsa · 30 employees | $16.5M | 2.1 mi |
| AERON GROUP LLC Broken Arrow · 25 employees | $13.3M | 4.0 mi |
| REMOTE CONNECTIONS INC Tulsa · 11 employees | $4.7M | 5.0 mi |
| TIME MARK CORPORATION Tulsa · 41 employees | $16.4M | 6.0 mi |
The full calculation
| Employees reported to the SBA | 45 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $18.7M |
| Estimate: the two combined (geometric mean) | $21.9M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.2M |
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 | $12.9M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.8M – $17.7M |
| Revenue range | $14.4M – $25.0M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | All Other Miscellaneous Electrical Equipment and Component Manufacturing (335999) |
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
History & advisors
“Combining over 65 years of experience and innovation, U.S. Pioneer, Inc. is an acknowledged leader in designing and manufacturing switches, lighting fixtures, receptacles, junction boxes, terminal boxes, loudspeakers and other electrical equipment for naval ships.”
Advisors
- BankingVast Bank, 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
| Vast Bank, National Association PPP 2020 | All 359 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $485K | 45 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About U.s. Pioneer, LLC
U.s. Pioneer, LLC is an all other miscellaneous electrical equipment and component manufacturing company in Tulsa, Oklahoma, in business since 1999. Its estimated annual revenue is about $21.9M, with roughly $2.2M of EBITDA. It has about 68 employees. Its estimated business value is $12.9M (likely range $6.8M–$17.7M).
Common questions
- Who owns U.s. Pioneer, LLC?
- The owner of U.s. Pioneer, LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does U.s. Pioneer, LLC make?
- SeeBITDA estimates U.s. Pioneer, LLC's annual revenue at about $21.9M (likely between $14.4M and $25.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is U.s. Pioneer, LLC worth?
- About $12.9M, roughly 5.8× its estimated EBITDA of $2.2M, typical for a all other miscellaneous electrical equipment and component manufacturing company its size. Likely range: $6.8M–$17.7M.
- How many employees does U.s. Pioneer, LLC have?
- About 68, from its 2025 retirement-plan filing.
- When was U.s. Pioneer, LLC founded?
- U.s. Pioneer, LLC has been in business since 1999.