Tankworks, Inc.
How we got $3.4M
Based on its 26 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 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
What they do
Tank Works distributes polyethylene tanks, tank stand assemblies and plumbing and hardware for the natural gas and oil field production industry. It also offers its own Stealth tank and containment system.
From the company's website. Industry: Industrial Mold Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 74 mi · $7.69B
- ADVANTAGE ENERGY SERVICES LLC · Mcalester, 37 mi · $1.19B
- T/J INSPECTION, INC. · Del City, 70 mi · $651.7M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 73 mi · $557.8M
- RILEY EXPLORATION - PERMIAN LLC · Oklahoma City, 74 mi · $392.0M
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 |
|---|---|---|
| TANKWORKS, INC. this business | $6.8M | — |
| ALLEN CAMPER MFG. CO., INC. Allen · 24 employees | $6.5M | 0.3 mi |
| D & M CUSTOM MILLWORK LLC Stonewall · 4 employees | $1.1M | 13.3 mi |
| SPECIAL PARTS MANUFACTURING, INC. Holdenville · 15 employees | $4.0M | 13.5 mi |
| SPECIAL PARTS MFG INC Holdenville · 15 employees | $3.8M | 13.5 mi |
| SIGN SOURCE, LLC Ada · 2 employees | $511K | 13.6 mi |
| CENTRAL METAL FINISHING, LLC Holdenville · 51 employees | $8.1M | 14.0 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.5M |
| Estimate: the two combined (geometric mean) | $6.8M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $864K |
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 | $3.4M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.8M – $4.6M |
| Revenue range | $4.5M – $7.7M |
| EBITDA range | $568K – $985K |
| Industry (NAICS) | Industrial Mold Manufacturing (333511) |
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
- BankingFarmers State Bank, Allen, OklahomaPPP / 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
| Farmers State Bank, Allen, Oklahoma PPP 2020, PPP 2021 | All 27 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $170K | 26 |
| 1/23/2021 | second | $154K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tankworks, Inc.
Tankworks, Inc. is an industrial mold manufacturing company in Allen, Oklahoma, in business since 2008. Its estimated annual revenue is about $6.8M, with roughly $864K of EBITDA. It has about 26 employees. Its estimated business value is $3.4M (likely range $1.8M–$4.6M).
Common questions
- Who owns Tankworks, Inc.?
- The owner of Tankworks, 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 Tankworks, Inc. make?
- SeeBITDA estimates Tankworks, Inc.'s annual revenue at about $6.8M (likely between $4.5M and $7.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tankworks, Inc. worth?
- About $3.4M, roughly 3.9× its estimated EBITDA of $864K, typical for a industrial mold manufacturing company its size. Likely range: $1.8M–$4.6M.
- How many employees does Tankworks, Inc. have?
- About 26, as reported on its PPP loan.
- When was Tankworks, Inc. founded?
- Tankworks, Inc. has been in business since 2008.