Summit Laydown Service, Inc
How we got $47.3M
Based on its 76 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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 |
|---|---|---|
| SUMMIT LAYDOWN SERVICE, INC this business | $40.0M | — |
| NORTHWEST DRILLING SERVICES LLC Woodward · 3 employees | $1.8M | 0.3 mi |
| COMBS SERVICES LLC Woodward · 2 employees | $876K | 0.4 mi |
| POWER RIG, LLC Woodward · 156 employees | $75.0M | 0.4 mi |
| KRYCO LLC Woodward · 10 employees | $4.4M | 0.7 mi |
| PETROLEUM SERVICES, INC Woodward · 10 employees | $3.8M | 2.3 mi |
| ATLAS DRILLING, LLC Woodward · 56 employees | $30.2M | 2.8 mi |
The full calculation
| Employees reported to the SBA | 76 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $33.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $36.5M |
| Estimate: the two combined (geometric mean) | $40.0M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $9.1M |
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 | $47.3M |
| Multiple for this size and industry | 5.2× |
| Value range | $24.9M – $64.7M |
| Revenue range | $26.3M – $45.6M |
| EBITDA range | $6.0M – $10.4M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingFrost 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 Roles are as stated there and may be out of date.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
| Frost Bank PPP 2020, PPP 2021 | All 10 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 | $1.0M | 76 |
| 2/4/2021 | second | $1.0M | 61 |
About Summit Laydown Service, Inc
Summit Laydown Service, Inc is an oil & gas company in Woodward, Oklahoma. Its estimated annual revenue is about $40.0M, with roughly $9.1M of EBITDA. It has about 76 employees. Its estimated business value is $47.3M (likely range $24.9M–$64.7M).
Common questions
- Who owns Summit Laydown Service, Inc?
- The owner of Summit Laydown Service, 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 Summit Laydown Service, Inc make?
- SeeBITDA estimates Summit Laydown Service, Inc's annual revenue at about $40.0M (likely between $26.3M and $45.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Summit Laydown Service, Inc worth?
- About $47.3M, roughly 5.2× its estimated EBITDA of $9.1M, typical for a oil & gas company its size. Likely range: $24.9M–$64.7M.
- How many employees does Summit Laydown Service, Inc have?
- About 76, as reported on its PPP loan.