Ardor, LLC
- Kirk WhitenerSigns company filings · Form 5500 (2023)
How we got $6.2M
Based on its 46 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Ardor Solutions, based in Newcastle, OK, is a full-service industrial and concrete flooring and coatings contractor. It serves industrial and commercial facilities with polished concrete, resinous flooring, decorative concrete, repair, maintenance and consulting.
From the company's website. Industry: Other Building Finishing Contractors.
Customers & suppliers
Customers
- Smith and Pickel Construction · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ESKRIDGE AUTO GROUP, INC. · Oklahoma City, 26 mi · $314.8M
- HUDIBURG CHEVROLET, LLC · Midwest City, 17 mi · $278.5M
- FERGUSON PONTIAC-GMC, INC. · Norman, 8 mi · $266.8M
- FOWLER OF NORMAN INC · Norman, 7 mi · $243.0M
- BADGER VALLEY INVESTMENTS, LLC · Pauls Valley, 40 mi · $223.4M
- LSB INDUSTRIES, INC · Oklahoma City, 20 mi · $615.2M
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 26 mi · $339.6M
- SOUTHWESTERN WIRE INC · Norman, 7 mi · $312.4M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 21 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 17 mi · $232.0M
Estimated value over time
▲ 32% 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
▼ 17% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 46 | $9.3M |
| 2020 | Form 5500 | 43 | $8.7M |
| 2021 | Form 5500 | 37 | $7.4M |
| 2022 | Form 5500 | 31 | $6.2M |
| 2023 | Form 5500 | 38 | $7.6M |
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 |
|---|---|---|
| ARDOR, LLC this business | $21.1M | — |
| JACK'S TRACTOR AND TURF SERVICES, LLC Newcastle · 8 employees | $2.8M | 0.7 mi |
| SITE DEVELOPMENT CONSULTANTS, INC Newcastle · 1 employees | $321K | 0.9 mi |
| SOONER FLOORING INC. Newcastle · 1 employees | $535K | 3.2 mi |
| ROCK HOLLOW STONE LANDSCAPING, INC Newcastle · 6 employees | $2.0M | 3.4 mi |
| HEY AND ASSOCIATES, INC. Newcastle · 2 employees | $606K | 3.5 mi |
| JAG UNDERGROUND LLC Newcastle · 30 employees | $13.7M | 4.1 mi |
The full calculation
| Employees reported to the SBA | 46 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.7M |
| Estimate: the two combined (geometric mean) | $21.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| 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 | $6.2M |
| Multiple for this size and industry | 3.4× |
| Value range | $3.3M – $8.5M |
| Revenue range | $13.9M – $24.1M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | Other Building Finishing Contractors (238390) |
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
History & advisors
“More than 15 years ago, we started Ardor Solutions in response to the need for an industrial flooring company that honored clients and employees with high-level values.”
Advisors
- BankingFirst Enterprise 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
| First Enterprise Bank PPP 2021 | All 148 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/16/2021 | second | $546K | 46 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ardor, LLC
Ardor, LLC is an other building finishing contractors company in Newcastle, Oklahoma, in business since 2004. It is owned by Tommy Clay (President and Owner). Its estimated annual revenue is about $21.1M, with roughly $1.8M of EBITDA. It has about 38 employees. Its estimated business value is $6.2M (likely range $3.3M–$8.5M).
Common questions
- Who owns Ardor, LLC?
- Ardor, LLC is owned by Tommy Clay (President and Owner), according to public sources such as the company's website or filings.
- How much revenue does Ardor, LLC make?
- SeeBITDA estimates Ardor, LLC's annual revenue at about $21.1M (likely between $13.9M and $24.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ardor, LLC worth?
- About $6.2M, roughly 3.4× its estimated EBITDA of $1.8M, typical for a other building finishing contractors company its size. Likely range: $3.3M–$8.5M.
- How many employees does Ardor, LLC have?
- About 38, from its 2023 retirement-plan filing.
- When was Ardor, LLC founded?
- Ardor, LLC has been in business since 2004.