Weldon Parts, Inc.
How we got $46.5M
Based on its 125 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 71 years (since 1955)
From public records and the company's website, not a statement that it's for sale.
What they do
Weldon Parts is a family-owned distributor of aftermarket heavy duty truck and trailer parts, serving trucking customers through 18 locations across the midwest or southeast.
From the company's website. Industry: Motor Vehicle Supplies and New Parts Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- iMatics · brand it sells or installs
- D&W Clutch · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- HOBBY LOBBY STORES INC · Oklahoma City, 8 mi · $206.0M
- D & M CARRIERS LLC · Oklahoma City, 8 mi · $115.4M
- MILLER TRUCK LINES LLC · Stroud, 52 mi · $106.6M
- A-1 FREEMAN MOVING AND STORAGE · Okc, 8 mi · $89.3M
- WESTERN FLYER EXPRESS, LLC · Oklahoma City, 7 mi · $89.1M
Estimated value over time
▲ 6% 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
▼ 12% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 125 | $110.8M |
| 2020 | Form 5500 | 113 | $100.1M |
| 2021 | Form 5500 | 105 | $93.0M |
| 2022 | Form 5500 | 98 | $86.8M |
| 2023 | Form 5500 | 117 | $103.7M |
| 2024 | Form 5500 | 118 | $104.6M |
| 2025 | Form 5500 | 110 | $97.5M |
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 |
|---|---|---|
| WELDON PARTS, INC. this business | $125.0M | — |
| OIL FILTER COMPANY INC Oklahoma City · 5 employees | $3.3M | 0.8 mi |
| DARWIN MOTORCYCLES, L.L.C. Oklahoma City · 1 employees | $4.8M | 0.8 mi |
| MOYER'S FACTORY WAREHOUSE INC. Oklahoma City · 3 employees | $2.7M | 0.9 mi |
| VITTORIA INDUSTRIES NORTH AMERICA, INC. Oklahoma City · 18 employees | $26.7M | 1.0 mi |
| U PULL IT AUTO PARTS, INC. Oklahoma City · 17 employees | $8.8M | 1.2 mi |
| VILLA AUTO PLAZA LLC Oklahoma City · 1 employees | $6.7M | 1.9 mi |
The full calculation
| Employees reported to the SBA | 125 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $101.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $118.3M |
| Estimate: the two combined (geometric mean) | $125.0M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $7.5M |
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 | $46.5M |
| Multiple for this size and industry | 6.2× |
| Value range | $24.5M – $63.6M |
| Revenue range | $82.2M – $142.6M |
| EBITDA range | $4.9M – $8.6M |
| Industry (NAICS) | Motor Vehicle Supplies and New Parts Merchant Wholesalers (423120) |
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
“Weldon Industries was founded in 1955 by brothers Leon and Dean Settles.”
Advisors
- AccountingKinner & Company Ltd.Audits its 401(k) plan (2022 filing)
- BankingRVR 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
| RVR Bank PPP 2020 | View → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $1.5M | 125 |
6 locations
| 711 W CALIFORNIA AVE | Oklahoma City | This listing |
| 1749 US-183 | Clinton | View |
| 1100 S Main St | Elk City | View |
| 1100 E Electric Ave | Mcalester | View |
| 4265 S 74th E Ave | Tulsa | View |
| 503 48th St | Woodward | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Weldon Parts, Inc.
Weldon Parts, Inc. is a family-owned motor vehicle supplies and new parts merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1955. It is owned by David Settles (CEO). Its estimated annual revenue is about $125.0M, with roughly $7.5M of EBITDA. It has about 110 employees. Its estimated business value is $46.5M (likely range $24.5M–$63.6M). It has 6 locations.
Common questions
- Who owns Weldon Parts, Inc.?
- Weldon Parts, Inc. is owned by David Settles (CEO), according to public sources such as the company's website or filings.
- How much revenue does Weldon Parts, Inc. make?
- SeeBITDA estimates Weldon Parts, Inc.'s annual revenue at about $125.0M (likely between $82.2M and $142.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Weldon Parts, Inc. worth?
- About $46.5M, roughly 6.2× its estimated EBITDA of $7.5M, typical for a motor vehicle supplies and new parts merchant wholesalers company its size. Likely range: $24.5M–$63.6M.
- How many employees does Weldon Parts, Inc. have?
- About 110, from its 2025 retirement-plan filing.
- When was Weldon Parts, Inc. founded?
- Weldon Parts, Inc. has been in business since 1955.