Aerial Data Service, Inc.
How we got $8.1M
Based on its 39 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 62 years (since 1964)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Aerial Data Service, Inc. (ADS) provides aerial photography, mapping and LiDAR geospatial services to hundreds of engineering firms and governmental agencies across the country.
From the company's website. Industry: All Other Professional, Scientific, and Technical Services.
Customers & suppliers
Customers
- Fort Smith Municipal Mapping · named on its website
- U.S. Route 82 · named on its website
- Vance Air Force Base Runway · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 1 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 2 mi · $467.7M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 8 mi · $326.7M
- BKG INDUSTRIES, LLC · Stigler, 69 mi · $318.2M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 8 mi · $315.1M
Estimated value over time
▼ 13% 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
▼ 46% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 39 | $8.5M |
| 2020 | Form 5500 | 41 | $8.9M |
| 2021 | Form 5500 | 41 | $8.9M |
| 2022 | Form 5500 | 37 | $8.0M |
| 2023 | Form 5500 | 34 | $7.4M |
| 2024 | Form 5500 | 27 | $5.9M |
| 2025 | Form 5500 | 21 | $4.6M |
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 |
|---|---|---|
| AERIAL DATA SERVICE, INC. this business | $12.5M | — |
| STUDIO D PHOTOGRAPHY INC. Tulsa · 4 employees | $600K | 0.7 mi |
| SKAGGS MANAGEMENT COMPANY LLC Tulsa · 8 employees | $3.3M | 1.1 mi |
| Hammond Animal Hospital Tulsa | $1.2M | 1.3 mi |
| LIFE UNLEASHED LLC Tulsa · 12 employees | $2.1M | 1.3 mi |
| SIGNAL COMMUNCIATIONS INC Tulsa | $3.1M | 1.3 mi |
| FELINE SPECIALTIES, INC. Tulsa · 15 employees | $2.9M | 1.4 mi |
The full calculation
| Employees reported to the SBA | 39 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.4M |
| Estimate: the two combined (geometric mean) | $12.5M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $1.8M |
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 | $8.1M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.3M – $11.1M |
| Revenue range | $8.2M – $14.3M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | All Other Professional, Scientific, and Technical Services (541990) |
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
“Founded in 1964, Aerial Data Service has come a long way from its humble origins as a mom-and-pop outfit to the technological trendsetter it is today.”
Leadership
- ZCZac ClarkDirector of Operations · Company website · source
- KMKathy McanellyProduction Manager · Company website · source
- APAdam PadillaSr GIS Analyst / Project Manager · Company website · source
- SSScott SullivanData and Systems Manager · Company website · source
- AMAlbert MaestasSigned for the company · 2025 retirement-plan filing (Form 5500)
Advisors
- BankingThe First National Bank and Trust Company of Broken ArrowPPP / 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
| The First National Bank and Trust Company of Broken Arrow PPP 2020, PPP 2021 | All 149 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $448K | 39 |
| 1/19/2021 | second | $457K | 39 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Aerial Data Service, Inc.
Aerial Data Service, Inc. is an all other professional, scientific, and technical services company in Tulsa, Oklahoma, in business since 1964. It is owned by Regina M. Carter (President). Its estimated annual revenue is about $12.5M, with roughly $1.8M of EBITDA. It has about 21 employees. Its estimated business value is $8.1M (likely range $4.3M–$11.1M).
Common questions
- Who owns Aerial Data Service, Inc.?
- Aerial Data Service, Inc. is owned by Regina M. Carter (President), according to public sources such as the company's website or filings.
- How much revenue does Aerial Data Service, Inc. make?
- SeeBITDA estimates Aerial Data Service, Inc.'s annual revenue at about $12.5M (likely between $8.2M and $14.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Aerial Data Service, Inc. worth?
- About $8.1M, roughly 4.5× its estimated EBITDA of $1.8M, typical for a all other professional, scientific, and technical services company its size. Likely range: $4.3M–$11.1M.
- How many employees does Aerial Data Service, Inc. have?
- About 21, from its 2025 retirement-plan filing.
- When was Aerial Data Service, Inc. founded?
- Aerial Data Service, Inc. has been in business since 1964.
- Is Aerial Data Service, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 62 years (since 1964); no family successor named on its website.