Westoak Industries, Inc.
How we got $5.8M
Based on its 25 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 53 years (since 1973)
From public records and the company's website, not a statement that it's for sale.
What they do
WestOak Industries is an electronics contract manufacturer in Oklahoma offering assembly, cable and harness, box build, test and inspection, and engineering support for aerospace, defense, industrial, and oil and gas customers.
From the company's website. Industry: All Other General Purpose Machinery Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- TRIPLE B OILFIELD SERVICES INC. · Elk City, 25 mi · $133.6M
- RIMROCK SERVICES, LLC · Elk City, 28 mi · $99.5M
- GREAT PLAINS ANALYTICAL SERVICES, INC. · Elk City, 29 mi · $35.8M
- MORAN EQUIPMENT LLC · Elk City, 29 mi · $29.7M
- CANYON OILFIELD SERVICES, LLC · Elk City, 28 mi · $28.9M
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WESTOAK INDUSTRIES, INC. this business | $9.7M | — |
| PRO-FAB WELDING, INC. Elk City · 1 employees | $284K | 23.3 mi |
| STRIBLING ARC WELDING INC. Elk City · 2 employees | $551K | 24.0 mi |
| K & T TOOLS Elk City · 2 employees | $2.2M | 28.5 mi |
| COX CARBIDE AND WELDING SERVICES LLC Canute · 2 employees | $727K | 36.0 mi |
| CHRISTIANS WELDING SERVICE INC Dill City · 2 employees | $759K | 41.7 mi |
| DAVIS CONTRACT PUMPING, INC. Dill City · 8 employees | $5.4M | 42.5 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.0M |
| Estimate: the two combined (geometric mean) | $9.7M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.8M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.0M – $7.9M |
| Revenue range | $6.4M – $11.0M |
| EBITDA range | $808K – $1.4M |
| Industry (NAICS) | All Other General Purpose Machinery Manufacturing (333999) |
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
- BankingFirst 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
| First Bank PPP 2020 | All 220 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $223K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Westoak Industries, Inc.
Westoak Industries, Inc. is an all other general purpose machinery manufacturing company in Erick, Oklahoma, in business since 1973. Its estimated annual revenue is about $9.7M, with roughly $1.2M of EBITDA. It has about 25 employees. Its estimated business value is $5.8M (likely range $3.0M–$7.9M).
Common questions
- Who owns Westoak Industries, Inc.?
- The owner of Westoak Industries, 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 Westoak Industries, Inc. make?
- SeeBITDA estimates Westoak Industries, Inc.'s annual revenue at about $9.7M (likely between $6.4M and $11.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Westoak Industries, Inc. worth?
- About $5.8M, roughly 4.7× its estimated EBITDA of $1.2M, typical for a all other general purpose machinery manufacturing company its size. Likely range: $3.0M–$7.9M.
- How many employees does Westoak Industries, Inc. have?
- About 25, as reported on its PPP loan.
- When was Westoak Industries, Inc. founded?
- Westoak Industries, Inc. has been in business since 1973.