Werco Manufacturing, Inc.
How we got $5.0M
Based on its 23 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 13% 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
▼ 39% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 23 | $7.5M |
| 2020 | Form 5500 | 26 | $8.5M |
| 2021 | Form 5500 | 27 | $8.9M |
| 2022 | Form 5500 | 20 | $6.6M |
| 2023 | Form 5500 | 17 | $5.6M |
| 2024 | Form 5500 | 14 | $4.6M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 39 years (since 1987)
- Headcount down 48% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Werco Manufacturing is a family-owned fabrication, CNC machining, finishing, and assembly company in Broken Arrow, Oklahoma, building manufactured components and assemblies for aerospace, defense, industrial, and data center customers.
From the company's website. Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WERCO MANUFACTURING, INC. this business | $8.1M | — |
| ICES CORPORATION Broken Arrow · 5 employees | $2.3M | 1.2 mi |
| Worthington MRO Center Tulsa | $1.4M | 5.3 mi |
| NEOSOURCE INC. Tulsa · 32 employees | $12.4M | 5.5 mi |
| ETI, INC Tulsa · 18 employees | $10.1M | 6.6 mi |
| ONEFIRE AEROSPACE SERVICES LLC Tulsa · 5 employees | $2.1M | 9.1 mi |
| COMMERCIAL AIRCRAFT DUCTING INC Tulsa · 21 employees | $11.8M | 9.2 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $8.1M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $944K |
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 | $5.0M |
| Multiple for this size and industry | 5.3× |
| Value range | $2.6M – $6.8M |
| Revenue range | $5.3M – $9.3M |
| EBITDA range | $621K – $1.1M |
| Industry (NAICS) | Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413) |
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
Advisors
- BankingRegent 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
| Regent Bank PPP 2020, PPP 2021 | All 726 borrowers → |
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 | $238K | 23 |
| 1/20/2021 | second | $258K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Werco Manufacturing, Inc.
Werco Manufacturing, Inc. is a family-owned other aircraft parts and auxiliary equipment manufacturing company in Broken Arrow, Oklahoma, in business since 1987. Its estimated annual revenue is about $8.1M, with roughly $944K of EBITDA. It has about 14 employees. Its estimated business value is $5.0M (likely range $2.6M–$6.8M).
Common questions
- Who owns Werco Manufacturing, Inc.?
- The owner of Werco Manufacturing, 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 Werco Manufacturing, Inc. make?
- SeeBITDA estimates Werco Manufacturing, Inc.'s annual revenue at about $8.1M (likely between $5.3M and $9.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Werco Manufacturing, Inc. worth?
- About $5.0M, roughly 5.3× its estimated EBITDA of $944K, typical for a other aircraft parts and auxiliary equipment manufacturing company its size. Likely range: $2.6M–$6.8M.
- How many employees does Werco Manufacturing, Inc. have?
- About 14, from its 2024 retirement-plan filing.
- When was Werco Manufacturing, Inc. founded?
- Werco Manufacturing, Inc. has been in business since 1987.