Hac, Inc
How we got $37.9M
Based on 500 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
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.
Estimated value over time
▲ 33% 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
▲ 349% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 500 | $136.6M |
| 2020 | Form 5500 | 1,893 | $517.0M |
| 2021 | Form 5500 | 1,911 | $521.9M |
| 2022 | Form 5500 | 849 | $231.9M |
| 2023 | Form 5500 | 2,092 | $571.4M |
| 2024 | Form 5500 | 2,246 | $613.4M |
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 |
|---|---|---|
| HAC, INC this business | $165.6M | — |
| AGA INC Oklahoma City · 5 employees | $1.1M | 1.2 mi |
| CAO NGUYEN, INC. Oklahoma City · 55 employees | $17.4M | 1.7 mi |
| MN LLC Oklahoma City · 1 employees | $555K | 1.8 mi |
| CHECKERS STORES INC Oklahoma City · 4 employees | $1.5M | 1.8 mi |
| QUICKBREAK FOODSTORES INC. Oklahoma City · 3 employees | $914K | 2.1 mi |
| KAIZER STORE INC Oklahoma City · 2 employees | $668K | 2.2 mi |
The full calculation
| Employees reported to the SBA | 500 |
| Industry revenue per employee | $273K |
| Revenue = employees × revenue per employee | $165.6M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $7.3M |
| Cross-check: revenue implied by PPP payroll | $711.0M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 7% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $37.9M |
| Multiple for this size and industry | 5.2× |
| Value range | $21.2M – $63.7M |
| Revenue range | $115.9M – $231.9M |
| EBITDA range | $5.1M – $10.2M |
| Industry (NAICS) | Supermarkets and Other Grocery Retailers (except Convenience Retailers) (445110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Leadership
- MTMandy TomlinCFO · From a web search · source
- FAFrank ArcherPresident and CEO · From a web search · source
- SMSharon McCollamPresident and CFO · From a web search · source
- AJAndrea JacobsSigned for the company · 2023 retirement-plan filing (Form 5500)
Advisors
- AccountingPickett, Chaney & McmullenAudits its 401(k) plan (2024 filing)
- BankingCIBC Bank USAPPP / 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
| CIBC Bank USA PPP 2020 | All 6 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $10.0M | 500 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hac, Inc
Hac, Inc is a supermarkets and other grocery retailers (except convenience retailers) company in Oklahoma City, Oklahoma, in business since 2008. It is owned by David Criscione (President and CEO). Its estimated annual revenue is about $165.6M, with roughly $7.3M of EBITDA. It has about 2,246 employees. Its estimated business value is $37.9M (likely range $21.2M–$63.7M).
Common questions
- Who owns Hac, Inc?
- Hac, Inc is owned by David Criscione (President and CEO), according to public sources such as the company's website or filings.
- How much revenue does Hac, Inc make?
- SeeBITDA estimates Hac, Inc's annual revenue at about $165.6M (likely between $115.9M and $231.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hac, Inc worth?
- About $37.9M, roughly 5.2× its estimated EBITDA of $7.3M, typical for a supermarkets and other grocery retailers (except convenience retailers) company its size. Likely range: $21.2M–$63.7M.
- How many employees does Hac, Inc have?
- About 2,246, from its 2024 retirement-plan filing.
- When was Hac, Inc founded?
- Hac, Inc has been in business since 2008.