Adg Blusource LLC
How we got $3.0M
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▼ 10% 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
▲ 35% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 20 | $12.7M |
| 2020 | Form 5500 | 15 | $9.5M |
| 2021 | Form 5500 | 13 | $8.2M |
| 2022 | Form 5500 | 21 | $13.3M |
| 2023 | Form 5500 | 28 | $17.8M |
| 2024 | Form 5500 | 23 | $14.6M |
| 2025 | Form 5500 | 27 | $17.1M |
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 |
|---|---|---|
| ADG BLUSOURCE LLC this business | $18.5M | — |
| THE MORRISON GROUP, INC. Edmond · 30 employees | $63.1M | 13.2 mi |
| EMPRESSED LLC Crescent · 1 employees | $2.4M | 15.2 mi |
| OKLAHOMA PRODUCERS LLC Oklahoma City · 12 employees | $14.4M | 16.9 mi |
| PORCH SCHOOL SUPPLY INC Oklahoma City · 4 employees | $3.1M | 20.0 mi |
| WARREN PRODUCTS INC Oklahoma City · 17 employees | $10.6M | 20.6 mi |
| MIRIAMEEN INC Warr Acres · 2 employees | $1.3M | 22.6 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.7M |
| Estimate: the two combined (geometric mean) | $18.5M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $833K |
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 | $3.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.6M – $4.1M |
| Revenue range | $12.2M – $21.1M |
| EBITDA range | $548K – $950K |
| Industry (NAICS) | Stationery and Office Supplies Merchant Wholesalers (424120) |
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
People & advisors
Advisors
- 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, PPP 2021 | All 161 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $357K | 20 |
| 4/3/2021 | second | $357K | 20 |
About Adg Blusource LLC
Adg Blusource LLC is a stationery and office supplies merchant wholesalers company in Guthrie, Oklahoma. Its estimated annual revenue is about $18.5M, with roughly $833K of EBITDA. It has about 27 employees. Its estimated business value is $3.0M (likely range $1.6M–$4.1M).
Common questions
- Who owns Adg Blusource LLC?
- The owner of Adg Blusource LLC 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 Adg Blusource LLC make?
- SeeBITDA estimates Adg Blusource LLC's annual revenue at about $18.5M (likely between $12.2M and $21.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Adg Blusource LLC worth?
- About $3.0M, roughly 3.6× its estimated EBITDA of $833K, typical for a stationery and office supplies merchant wholesalers company its size. Likely range: $1.6M–$4.1M.
- How many employees does Adg Blusource LLC have?
- About 27, from its 2025 retirement-plan filing.