Wapco, Inc
How we got $1.7M
Based on its 4 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 5% 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 |
|---|---|---|
| WAPCO, INC this business | $1.7M | — |
| KAMCO HOT OIL SERVICES, INC Cement · 2 employees | $1.4M | 0.0 mi |
| GRACE ENERGY MANAGEMENT INC. Cement · 2 employees | $1.1M | 0.2 mi |
| WHITE'S ROUSTABOUT SERVICE, INC. Cement · 7 employees | $3.3M | 0.2 mi |
| Enterprise Crude Oil Pipeline Cyril | $1.5M | 2.6 mi |
| JEFFREY STEWART Cyril · 1 employees | $693K | 3.2 mi |
| SPENCER BROWN CONSULTING LLC Cyril · 1 employees | $526K | 4.1 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.7M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $558K |
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 | $1.7M |
| Multiple for this size and industry | 3× |
| Value range | $881K – $2.3M |
| Revenue range | $1.1M – $1.9M |
| EBITDA range | $367K – $637K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingThe First National Bank and Trust Co, Chickasha, OklahomaPPP / 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 Roles are as stated there and may be out of date.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
| The First National Bank and Trust Co, Chickasha, Oklahoma PPP 2020 | All 478 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $30K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Wapco, Inc
Wapco, Inc is an oil & gas company in Cement, Oklahoma, in business since 1998. Its estimated annual revenue is about $1.7M, with roughly $558K of EBITDA. It has about 4 employees. Its estimated business value is $1.7M (likely range $881K–$2.3M).
Common questions
- Who owns Wapco, Inc?
- The owner of Wapco, Inc 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 Wapco, Inc make?
- SeeBITDA estimates Wapco, Inc's annual revenue at about $1.7M (likely between $1.1M and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Wapco, Inc worth?
- About $1.7M, roughly 3× its estimated EBITDA of $558K, typical for a oil & gas company its size. Likely range: $881K–$2.3M.
- How many employees does Wapco, Inc have?
- About 4, as reported on its PPP loan.
- When was Wapco, Inc founded?
- Wapco, Inc has been in business since 1998.