Armor Asphalt, LLC
How we got $3.4M
Based on its 21 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
What they do
Armor Asphalt is an asphalt paving and maintenance company based in the Oklahoma City Metro that says it serves residential, commercial, and industrial customers. It handles installation, repair, and preservation of asphalt parking lots and roads.
From the company's website. Industry: Highway, Street, and Bridge Construction.
Customers & suppliers
Customers
- Cypress Creek · named on its website
- Esperanza North Owners Association · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- LIFE. CHURCH OPERATIONS, LLC · Edmond, 10 mi · $118.7M
- OKLAHOMA CITY BOATHOUSE FOUNDATION · Oklahoma City, 4 mi · $68.4M
- THE EPISCOPAL DIOCESES OF OKLAHOMA, INC. · Oklahoma City, 4 mi · $63.9M
- CROSSINGS COMMUNITY CHURCH, INC · Oklahoma City, 7 mi · $53.1M
- COMMUNITIES FOUNDATION OF OKLAHOMA · Oklahoma City, 4 mi · $48.7M
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ARMOR ASPHALT, LLC this business | $9.6M | — |
| CIMARRON CONSTRUCTION COMPANY Oklahoma City · 84 employees | $47.5M | 2.3 mi |
| CONCRETE ENTERPRISES, INC. Oklahoma City · 136 employees | $84.3M | 2.6 mi |
| BURNS PAVING CO., INC. Oklahoma City · 45 employees | $22.0M | 2.7 mi |
| Ellsworth Construction OKC dba A-Tech Paving Oklahoma City | $2.0M | 3.0 mi |
| NASH CONSTRUCTION COMPANY Oklahoma City · 58 employees | $29.0M | 3.4 mi |
| ALLEN CONTRACTING, INC. Oklahoma City · 162 employees | $110.1M | 4.4 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.3M |
| Estimate: the two combined (geometric mean) | $9.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.4M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.8M – $4.7M |
| Revenue range | $6.3M – $10.9M |
| EBITDA range | $664K – $1.2M |
| 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
History & advisors
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $156K | 17 |
| 3/1/2021 | second | $156K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Armor Asphalt, LLC
Armor Asphalt, LLC is a highway, street, and bridge construction company in Oklahoma City, Oklahoma, in business since 2003. Its estimated annual revenue is about $9.6M, with roughly $1.0M of EBITDA. It has about 21 employees. Its estimated business value is $3.4M (likely range $1.8M–$4.7M).
Common questions
- Who owns Armor Asphalt, LLC?
- The owner of Armor Asphalt, 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 Armor Asphalt, LLC make?
- SeeBITDA estimates Armor Asphalt, LLC's annual revenue at about $9.6M (likely between $6.3M and $10.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Armor Asphalt, LLC worth?
- About $3.4M, roughly 3.4× its estimated EBITDA of $1.0M, typical for a highway, street, and bridge construction company its size. Likely range: $1.8M–$4.7M.
- How many employees does Armor Asphalt, LLC have?
- About 21, as reported on its PPP loan.
- When was Armor Asphalt, LLC founded?
- Armor Asphalt, LLC has been in business since 2003.