Power Testing Services LLC
- Justin HicksSigns company filings · Form 5500 (2022)
How we got $13.0M
Based on its 29 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 72% 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
▼ 10% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 29 | $12.1M |
| 2020 | Form 5500 | 30 | $12.5M |
| 2021 | Form 5500 | 20 | $8.3M |
| 2022 | Form 5500 | 26 | $10.8M |
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 |
|---|---|---|
| POWER TESTING SERVICES LLC this business | $21.4M | — |
| WRIGHT CITY MACHINING INC Wright City · 5 employees | $1.0M | 22.8 mi |
| PROFESSIONAL METAL WORKS INC. Broken Bow · 8 employees | $2.7M | 30.3 mi |
| DIAMOND T TRAILER MFG. CO. Rattan · 44 employees | $15.3M | 31.0 mi |
| KBEL COMMUNICATIONS, LLC Idabel · 5 employees | $3.5M | 34.0 mi |
| MIDDLETON MACHINE AND WELDING, INC. Idabel · 2 employees | $1.0M | 35.6 mi |
| TUFFROOTS, LLC Idabel · 5 employees | $1.6M | 36.5 mi |
The full calculation
| Employees reported to the SBA | 29 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $13.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $25.9M |
| Estimate: the two combined (geometric mean) | $21.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.2M |
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 | $13.0M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.8M – $17.7M |
| Revenue range | $14.1M – $24.4M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | Welding and Soldering Equipment Manufacturing (333992) |
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. 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
- BankingFirstBankPPP / 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
| FirstBank PPP 2020, PPP 2021 | All 263 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 | $678K | 29 |
| 3/20/2021 | second | $678K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Power Testing Services LLC
Power Testing Services LLC is a welding and soldering equipment manufacturing company in Battiest, Oklahoma. Its estimated annual revenue is about $21.4M, with roughly $2.2M of EBITDA. It has about 26 employees. Its estimated business value is $13.0M (likely range $6.8M–$17.7M).
Common questions
- Who owns Power Testing Services LLC?
- The owner of Power Testing Services LLC 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 Power Testing Services LLC make?
- SeeBITDA estimates Power Testing Services LLC's annual revenue at about $21.4M (likely between $14.1M and $24.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Power Testing Services LLC worth?
- About $13.0M, roughly 5.8× its estimated EBITDA of $2.2M, typical for a welding and soldering equipment manufacturing company its size. Likely range: $6.8M–$17.7M.
- How many employees does Power Testing Services LLC have?
- About 26, from its 2022 retirement-plan filing.