W.m. Heitgras Company
- Jerry AddisonSales · Company website
- Chris DobynsSales · Company website
- John DobynsSales · Company website
- Beau ClaryQuality Control/MTRS · Company website
How we got $3.3M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 17% 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
▼ 14% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 22 | $11.4M |
| 2020 | Form 5500 | 18 | $9.4M |
| 2021 | Form 5500 | 20 | $10.4M |
| 2022 | Form 5500 | 19 | $9.9M |
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 82 years (since 1944)
From public records and the company's website, not a statement that it's for sale.
What they do
W.M. Heitgras Company is a family-owned fastener supplier in Tulsa, Oklahoma, offering high-quality fasteners, custom machining and quick turnarounds, with service 24 hours a day, 365 days a year.
From the company's website. Industry: Hardware Merchant Wholesalers.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| W.M. HEITGRAS COMPANY this business | $12.5M | — |
| L A KING, LLC Tulsa · 14 employees | $8.8M | 1.1 mi |
| D S HERRON COMPANY, INC Tulsa · 8 employees | $6.6M | 1.3 mi |
| RULE FASTENERS INC Tulsa · 11 employees | $8.8M | 2.3 mi |
| Allied Plumbing Supply Tulsa | $925K | 4.0 mi |
| ENVIRONMENTAL PRODUCT SUPPLY INC Tulsa · 2 employees | $1.9M | 4.6 mi |
| GUSTO HOME SERVICES LLC Tulsa | $2.8M | 5.4 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.8M |
| Estimate: the two combined (geometric mean) | $12.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $922K |
Calibrated: revenue lowered to 96% of the industry-average estimate, to match what businesses in this industry actually report.
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 | $3.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.7M – $4.5M |
| Revenue range | $8.2M – $14.3M |
| EBITDA range | $606K – $1.1M |
| Industry (NAICS) | Hardware Merchant Wholesalers (423710) |
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
“Since our founding in 1944 at the height of World War 2, W.M. Heitgras Company has become a leading supplier of high-quality fasterners and has developed a solid reputation for personal service and prompt delivery of quality products, with in-house custom manufacturing support.”
Advisors
- BankingTriad Bank, National Association, Grand 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
| Grand Bank PPP 2021 | All 407 borrowers → |
| Triad Bank, National Association PPP 2020 | All 138 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $168K | 22 |
| 2/4/2021 | second | $210K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About W.m. Heitgras Company
W.m. Heitgras Company is a family-owned hardware merchant wholesalers company in Tulsa, Oklahoma, in business since 1944. Its estimated annual revenue is about $12.5M, with roughly $922K of EBITDA. It has about 19 employees. Its estimated business value is $3.3M (likely range $1.7M–$4.5M).
Common questions
- Who owns W.m. Heitgras Company?
- The owner of W.m. Heitgras Company 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 W.m. Heitgras Company make?
- SeeBITDA estimates W.m. Heitgras Company's annual revenue at about $12.5M (likely between $8.2M and $14.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is W.m. Heitgras Company worth?
- About $3.3M, roughly 3.6× its estimated EBITDA of $922K, typical for a hardware merchant wholesalers company its size. Likely range: $1.7M–$4.5M.
- How many employees does W.m. Heitgras Company have?
- About 19, from its 2022 retirement-plan filing.
- When was W.m. Heitgras Company founded?
- W.m. Heitgras Company has been in business since 1944.