Withers Manufacturing, Inc.
How we got $2.0M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
What they do
Withers Manufacturing is a Tulsa, Oklahoma CNC machining company providing precision CNC milling, CNC turning, and contract manufacturing for OEMs and industrial manufacturers, from prototype to production.
From the company's website. Industry: All Other Miscellaneous Manufacturing.
Customers & suppliers
Suppliers & brands
- Haas · brand it sells or installs
- Kia · brand it sells or installs
- Hwacheon Hi-Tech · brand it sells or installs
- Trak · brand it sells or installs
- Sharp · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 5 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 5 mi · $467.7M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 9 mi · $326.7M
- BKG INDUSTRIES, LLC · Stigler, 68 mi · $318.2M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 9 mi · $315.1M
Estimated value over time
▲ 33% 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 |
|---|---|---|
| WITHERS MANUFACTURING, INC. this business | $3.4M | — |
| ENCINOS 3D CUSTOM PRODUCTS LLC Tulsa · 23 employees | $5.1M | 0.1 mi |
| A-MAX SIGNS CO. Tulsa · 34 employees | $10.0M | 0.4 mi |
| CROWN NEON SIGNS INC Tulsa · 8 employees | $1.7M | 0.5 mi |
| OAKWOOD GRAPHICS Tulsa · 7 employees | $1.3M | 0.7 mi |
| SIGN MAKER, LLC Tulsa · 3 employees | $506K | 0.8 mi |
| C&A INTERNATIONAL, LLLC Tulsa · 2 employees | $833K | 1.1 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.8M |
| Estimate: the two combined (geometric mean) | $3.4M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $516K |
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 | $2.0M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.1M – $2.8M |
| Revenue range | $2.2M – $3.9M |
| EBITDA range | $340K – $589K |
| Industry (NAICS) | All Other Miscellaneous Manufacturing (339999) |
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
- BankingFNB CowetaPPP / 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
| FNB Coweta PPP 2020, PPP 2021 | All 118 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $92K | 8 |
| 1/29/2021 | second | $92K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Withers Manufacturing, Inc.
Withers Manufacturing, Inc. is an all other miscellaneous manufacturing company in Tulsa, Oklahoma, in business since 2006. Its estimated annual revenue is about $3.4M, with roughly $516K of EBITDA. It has about 8 employees. Its estimated business value is $2.0M (likely range $1.1M–$2.8M).
Common questions
- Who owns Withers Manufacturing, Inc.?
- The owner of Withers 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 Withers Manufacturing, Inc. make?
- SeeBITDA estimates Withers Manufacturing, Inc.'s annual revenue at about $3.4M (likely between $2.2M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Withers Manufacturing, Inc. worth?
- About $2.0M, roughly 3.9× its estimated EBITDA of $516K, typical for a all other miscellaneous manufacturing company its size. Likely range: $1.1M–$2.8M.
- How many employees does Withers Manufacturing, Inc. have?
- About 8, as reported on its PPP loan.
- When was Withers Manufacturing, Inc. founded?
- Withers Manufacturing, Inc. has been in business since 2006.