Action Safety Supply Co LLC
How we got $38.1M
Based on its 155 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 51 years (since 1975)
- Founder still runs it after 51 years
- Family in the business (Greg Hietpas, Vice President of Operations)
From public records and the company's website, not a statement that it's for sale.
What they do
Action Safety Supply Co., LLC is a traffic control and highway safety business that provides traffic control, striping, guardrail, signage and barricade rental and sales. It states it serves Oklahoma with highway safety and traffic control needs since 1975.
From the company's website. Industry: Highway, Street, and Bridge Construction.
Estimated value over time
▲ 20% 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
▲ 3% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 155 | $51.8M |
| 2020 | Form 5500 | 123 | $41.1M |
| 2021 | Form 5500 | 127 | $42.4M |
| 2022 | Form 5500 | 117 | $39.1M |
| 2023 | Form 5500 | 130 | $43.4M |
| 2024 | Form 5500 | 159 | $53.1M |
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 |
|---|---|---|
| ACTION SAFETY SUPPLY CO LLC this business | $90.7M | — |
| AAA STRIPING, SEALING, & PAVING, INC Bethany · 2 employees | $1.9M | 1.5 mi |
| BISHOP CONSTRUCTION, LLC Oklahoma City · 32 employees | $16.1M | 1.6 mi |
| SCHWARZ PAVING COMPANY, INC Oklahoma City · 72 employees | $44.5M | 1.7 mi |
| CONNELLY PAVING COMPANY Oklahoma City · 89 employees | $47.4M | 2.2 mi |
| MERRITT SEALING CO. Oklahoma City · 36 employees | $17.2M | 2.3 mi |
| ATLAS PAVING COMPANY Oklahoma City · 47 employees | $28.4M | 2.6 mi |
The full calculation
| Employees reported to the SBA | 155 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $92.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $68.7M |
| Estimate: the two combined (geometric mean) | $90.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $7.8M |
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 | $38.1M |
| Multiple for this size and industry | 4.9× |
| Value range | $20.0M – $52.1M |
| Revenue range | $59.6M – $103.4M |
| EBITDA range | $5.1M – $8.9M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
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
“Our journey began in May 1975, initiated by President Jerry Hietpas.”
Leadership
- GHGreg HietpasVice President of Operations · Company website · source
- GHGlenn HietpasChief Estimator · Company website · source
- EREllen RobertsSigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- AccountingForman And Leather, P.C.Audits its 401(k) plan (2024 filing)
- BankingFidelity Bank, 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
| Fidelity Bank, National Association PPP 2020 | All 161 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $1.5M | 155 |
2 locations
| 6804 MELROSE LN | Oklahoma City | This listing |
| 5 N 183rd East Ave | Catoosa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Action Safety Supply Co LLC
Action Safety Supply Co LLC is a family-owned highway, street, and bridge construction company in Oklahoma City, Oklahoma, in business since 1975. It is owned by Jerry Hietpas (President). Its estimated annual revenue is about $90.7M, with roughly $7.8M of EBITDA. It has about 159 employees. Its estimated business value is $38.1M (likely range $20.0M–$52.1M). It has 2 locations.
Common questions
- Who owns Action Safety Supply Co LLC?
- Action Safety Supply Co LLC is owned by Jerry Hietpas (President), according to public sources such as the company's website or filings.
- How much revenue does Action Safety Supply Co LLC make?
- SeeBITDA estimates Action Safety Supply Co LLC's annual revenue at about $90.7M (likely between $59.6M and $103.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Action Safety Supply Co LLC worth?
- About $38.1M, roughly 4.9× its estimated EBITDA of $7.8M, typical for a highway, street, and bridge construction company its size. Likely range: $20.0M–$52.1M.
- How many employees does Action Safety Supply Co LLC have?
- About 159, from its 2024 retirement-plan filing.
- When was Action Safety Supply Co LLC founded?
- Action Safety Supply Co LLC has been in business since 1975.
- Is Action Safety Supply Co LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 51 years (since 1975); founder still runs it after 51 years; family in the business (greg hietpas, vice president of operations).