Addco Electric, Incorporated
How we got $1.9M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 38 years (since 1988)
From public records and the company's website, not a statement that it's for sale.
What they do
Addco Electric is a Tulsa, OK electrical contractor offering residential and commercial electrical work, maintenance, and repair. It says it has over 33 years of experience and serves homeowners, retail centers, businesses, and schools.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Customers
- St. Francis Sterile Instrumentation · named on its website
- Tulsa Bone and Joint · named on its website
- Consumer Affairs · named on its website
- Owasso City Hall · named on its website
- GRDA EOC Center · named on its website
- Ross Department Store · named on its website
- Camping World · named on its website
- Urban Outfitters · named on its website
- Phil Tower Lofts · named on its website
- Owasso 2 Million Gallon Water Tower · named on its website
- City of Tulsa · named on its website
- City of Broken Arrow · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PERSIMMON RIDGE LLC · Tulsa, 12 mi · $116.9M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 81 mi · $76.0M
- COMMUNITY ACTION PROJECT OF TULSA COUNTY, INC. · Tulsa, 5 mi · $68.9M
- OKLAHOMA WESLEYAN UNIVERSITY, INC · Bartlesville, 40 mi · $32.2M
- HOLLAND HALL · Tulsa, 8 mi · $30.2M
Estimated value over time
▲ 36% 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 |
|---|---|---|
| ADDCO ELECTRIC, INCORPORATED this business | $5.8M | — |
| CRS Plumbing and Mechanical Tulsa | $1.8M | 0.8 mi |
| Yeldell Electric Tulsa | $1.8M | 0.9 mi |
| MILLERS SUPERIOR ELECTRIC LLC Tulsa · 20 employees | $4.6M | 0.9 mi |
| VISION ELECTRIC LLC Tulsa · 6 employees | $1.9M | 1.0 mi |
| DEBCO ELECTRIC, INC. Tulsa · 8 employees | $2.6M | 1.0 mi |
| Aaa Auger Plumbing Services Tulsa | $1.8M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.4M |
| Estimate: the two combined (geometric mean) | $5.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $617K |
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 | $1.9M |
| Multiple for this size and industry | 3× |
| Value range | $974K – $2.5M |
| Revenue range | $3.8M – $6.6M |
| EBITDA range | $406K – $704K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingMabrey 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 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 | $218K | 16 |
| 1/20/2021 | second | $218K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Addco Electric, Incorporated
Addco Electric, Incorporated is a plumbing, heating & air company in Tulsa, Oklahoma, in business since 1988. Its estimated annual revenue is about $5.8M, with roughly $617K of EBITDA. It has about 16 employees. Its estimated business value is $1.9M (likely range $974K–$2.5M).
Common questions
- Who owns Addco Electric, Incorporated?
- The owner of Addco Electric, Incorporated 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 Addco Electric, Incorporated make?
- SeeBITDA estimates Addco Electric, Incorporated's annual revenue at about $5.8M (likely between $3.8M and $6.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Addco Electric, Incorporated worth?
- About $1.9M, roughly 3× its estimated EBITDA of $617K, typical for a plumbing, heating & air company its size. Likely range: $974K–$2.5M.
- How many employees does Addco Electric, Incorporated have?
- About 16, as reported on its PPP loan.
- When was Addco Electric, Incorporated founded?
- Addco Electric, Incorporated has been in business since 1988.