Victor Welding Supply
How we got $13.1M
Based on its 43 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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
Victor Welding and Supply is a full service welding supply distributor with locations in Tulsa, Oklahoma and Ft. Smith, Arkansas.
From the company's website. Industry: Industrial Supplies Merchant Wholesalers.
Estimated value over time
▲ 20% 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
▼ 21% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 43 | $33.2M |
| 2020 | Form 5500 | 20 | $15.5M |
| 2021 | Form 5500 | 26 | $20.1M |
| 2022 | Form 5500 | 27 | $20.9M |
| 2023 | Form 5500 | 28 | $21.6M |
| 2024 | Form 5500 | 30 | $23.2M |
| 2025 | Form 5500 | 34 | $26.3M |
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 |
|---|---|---|
| VICTOR WELDING SUPPLY this business | $36.9M | — |
| QUALITY MATERIAL HANDLING CO LLC Tulsa · 2 employees | $3.0M | 0.7 mi |
| LEE HOLDING COMPANY, LLC Tulsa · 47 employees | $50.7M | 0.7 mi |
| PAUL KING COMPANY Tulsa · 2 employees | $2.9M | 0.8 mi |
| BERENDSEN FLUID POWER, INC. Tulsa · 280 employees | $349.3M | 0.9 mi |
| THE UNLAUB CO. INC. Tulsa · 22 employees | $24.9M | 0.9 mi |
| GARDNER SPRING INC Tulsa · 16 employees | $14.1M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 43 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $35.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $29.2M |
| Estimate: the two combined (geometric mean) | $36.9M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $2.5M |
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 | $13.1M |
| Multiple for this size and industry | 5.2× |
| Value range | $6.9M – $18.0M |
| Revenue range | $24.2M – $42.0M |
| EBITDA range | $1.7M – $2.9M |
| Industry (NAICS) | Industrial Supplies Merchant Wholesalers (423840) |
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
Advisors
- BankingEquity 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
| Equity Bank PPP 2020, PPP 2021 | All 375 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $411K | 42 |
| 3/23/2021 | second | $411K | 43 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Victor Welding Supply
Victor Welding Supply is an industrial supplies merchant wholesalers company in Tulsa, Oklahoma, in business since 2001. It is owned by SCOTT RINGLER. Its estimated annual revenue is about $36.9M, with roughly $2.5M of EBITDA. It has about 34 employees. Its estimated business value is $13.1M (likely range $6.9M–$18.0M).
Common questions
- Who owns Victor Welding Supply?
- Victor Welding Supply is owned by SCOTT RINGLER, according to public sources such as the company's website or filings.
- How much revenue does Victor Welding Supply make?
- SeeBITDA estimates Victor Welding Supply's annual revenue at about $36.9M (likely between $24.2M and $42.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Victor Welding Supply worth?
- About $13.1M, roughly 5.2× its estimated EBITDA of $2.5M, typical for a industrial supplies merchant wholesalers company its size. Likely range: $6.9M–$18.0M.
- How many employees does Victor Welding Supply have?
- About 34, from its 2025 retirement-plan filing.
- When was Victor Welding Supply founded?
- Victor Welding Supply has been in business since 2001.