Belshe Industries, Inc.
How we got $3.6M
Based on its 22 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.
What we know
Signs of a sale Some signs of a sale
- In business 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BELSHE INDUSTRIES, INC. this business | $8.9M | — |
| 102 IRON WORKS, INC. Shawnee · 13 employees | $3.9M | 6.4 mi |
| METRO EMERGENCY UPLIFTERS, LLC Oklahoma City · 13 employees | $5.3M | 24.6 mi |
| PRECISION TRAILER, INC. Purcell · 5 employees | $1.5M | 27.5 mi |
| Barrett Trailers Purcell | $22.5M | 27.8 mi |
| T&E MOBILE SERVICE INC Oklahoma City · 12 employees | $3.3M | 29.7 mi |
| J & J TRAILER MFG, INC. Oklahoma City · 2 employees | $1.5M | 36.8 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.9M |
| Estimate: the two combined (geometric mean) | $8.9M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $912K |
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 | $3.6M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.9M – $4.9M |
| Revenue range | $5.9M – $10.2M |
| EBITDA range | $600K – $1.0M |
| Industry (NAICS) | Truck Trailer Manufacturing (336212) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $171K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Belshe Industries, Inc.
Belshe Industries, Inc. is a truck trailer manufacturing company in Tecumseh, Oklahoma, in business since 1986. It is owned by Gordon Belshe. Its estimated annual revenue is about $8.9M, with roughly $912K of EBITDA. It has about 22 employees. Its estimated business value is $3.6M (likely range $1.9M–$4.9M).
Common questions
- Who owns Belshe Industries, Inc.?
- Belshe Industries, Inc. is owned by Gordon Belshe, according to public sources such as the company's website or filings.
- How much revenue does Belshe Industries, Inc. make?
- SeeBITDA estimates Belshe Industries, Inc.'s annual revenue at about $8.9M (likely between $5.9M and $10.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Belshe Industries, Inc. worth?
- About $3.6M, roughly 3.9× its estimated EBITDA of $912K, typical for a truck trailer manufacturing company its size. Likely range: $1.9M–$4.9M.
- How many employees does Belshe Industries, Inc. have?
- About 22, as reported on its PPP loan.
- When was Belshe Industries, Inc. founded?
- Belshe Industries, Inc. has been in business since 1986.