Turbines Inc
How we got $11.7M
Based on its 38 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 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Turbines, Inc. designs and manufactures flow measurement equipment, electronic monitors, and accessories, serving industrial customers across many industries.
From the company's website. Industry: Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- TRIPLE B OILFIELD SERVICES INC. · Elk City, 48 mi · $133.6M
- M WRIGHT SERVICES, LLC · Weatherford, 70 mi · $119.7M
- RIMROCK SERVICES, LLC · Elk City, 44 mi · $99.5M
- RAZOR OILFIELD SERVICES, LLC · Hinton, 76 mi · $86.8M
- CAREY JOHNSON OIL COMPANY, INC. · Lawton, 54 mi · $81.6M
- VAN DER LAAN DAIRY · Frederick, 24 mi · $22.8M
- PREMIUM BEEF FEEDERS, LLC · Lone Wolf, 24 mi · $7.6M
- N&K FARMS, INC. · Altus, 6 mi · $7.0M
- K&S PARTNERSHIP · Hollis, 34 mi · $6.2M
- TREADWELL LAND & CATTLE LLC · Frederick, 30 mi · $5.7M
Estimated value over time
▲ 19% 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 |
|---|---|---|
| TURBINES INC this business | $21.5M | — |
| RED RIVER AVIATION SERVICES LLC Altus · 6 employees | $3.7M | 0.5 mi |
| AVIATION TRAINING CONSULTING, LLC Altus · 189 employees | $102.3M | 4.5 mi |
| M&M Coatings Inc Altus | $3.1M | 5.2 mi |
| AMSCO STEEL, LLC Altus · 10 employees | $12.0M | 5.4 mi |
| TOOLS AND TROUBLESHOOTING INC. Hobart · 2 employees | $1.8M | 25.9 mi |
| KINDER EQUIPMENT, LLC Frederick · 4 employees | $1.8M | 30.9 mi |
The full calculation
| Employees reported to the SBA | 38 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $22.0M |
| Estimate: the two combined (geometric mean) | $21.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $2.0M |
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 | $11.7M |
| Multiple for this size and industry | 5.8× |
| Value range | $6.1M – $16.0M |
| Revenue range | $14.2M – $24.6M |
| EBITDA range | $1.3M – $2.3M |
| Industry (NAICS) | Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513) |
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
- BankingBank of America, National AssociationPPP / 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
| Bank of America, National Association PPP 2020, PPP 2021 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $612K | 37 |
| 1/26/2021 | second | $612K | 38 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Turbines Inc
Turbines Inc is an instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables company in Altus, Oklahoma, in business since 2005. Its estimated annual revenue is about $21.5M, with roughly $2.0M of EBITDA. It has about 38 employees. Its estimated business value is $11.7M (likely range $6.1M–$16.0M).
Common questions
- Who owns Turbines Inc?
- The owner of Turbines 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 Turbines Inc make?
- SeeBITDA estimates Turbines Inc's annual revenue at about $21.5M (likely between $14.2M and $24.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Turbines Inc worth?
- About $11.7M, roughly 5.8× its estimated EBITDA of $2.0M, typical for a instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables company its size. Likely range: $6.1M–$16.0M.
- How many employees does Turbines Inc have?
- About 38, as reported on its PPP loan.
- When was Turbines Inc founded?
- Turbines Inc has been in business since 2005.