Arnold Brothers Forest Products, Inc.
How we got $5.4M
Based on its 46 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 11% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Signs of a sale Some signs of a sale
- In business 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ARNOLD BROTHERS FOREST PRODUCTS, INC. this business | $12.2M | — |
| MAYSE TRUCKING LLC Boswell · 1 employees | $1.2M | 12.5 mi |
| EMERT TRUCKING, LLC Bennington · 1 employees | $625K | 13.6 mi |
| DDH TRUCKING LLC Bennington · 1 employees | $348K | 16.8 mi |
| TROY BRASFIELD TRUCKING INC Lane · 13 employees | $5.6M | 17.7 mi |
| MSC GUARDRAIL, INC. Hugo · 3 employees | $785K | 17.8 mi |
| AYERS TRUCKING INC Antlers · 1 employees | $459K | 19.2 mi |
The full calculation
| Employees reported to the SBA | 46 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $13.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.5M |
| Estimate: the two combined (geometric mean) | $12.2M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $1.4M |
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 | $5.4M |
| Multiple for this size and industry | 3.8× |
| Value range | $2.8M – $7.4M |
| Revenue range | $8.0M – $13.9M |
| EBITDA range | $930K – $1.6M |
| Industry (NAICS) | Specialized Freight (except Used Goods) Trucking, Local (484220) |
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
- BankingAmeriState 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
| AmeriState Bank PPP 2021 | All 141 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/14/2021 | second | $344K | 46 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Arnold Brothers Forest Products, Inc.
Arnold Brothers Forest Products, Inc. is a specialized freight (except used goods) trucking, local company in Boswell, Oklahoma, in business since 1999. It is owned by James Belcher. Its estimated annual revenue is about $12.2M, with roughly $1.4M of EBITDA. It has about 46 employees. Its estimated business value is $5.4M (likely range $2.8M–$7.4M).
Common questions
- Who owns Arnold Brothers Forest Products, Inc.?
- Arnold Brothers Forest Products, Inc. is owned by James Belcher, according to public sources such as the company's website or filings.
- How much revenue does Arnold Brothers Forest Products, Inc. make?
- SeeBITDA estimates Arnold Brothers Forest Products, Inc.'s annual revenue at about $12.2M (likely between $8.0M and $13.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Arnold Brothers Forest Products, Inc. worth?
- About $5.4M, roughly 3.8× its estimated EBITDA of $1.4M, typical for a specialized freight (except used goods) trucking, local company its size. Likely range: $2.8M–$7.4M.
- How many employees does Arnold Brothers Forest Products, Inc. have?
- About 46, as reported on its PPP loan.
- When was Arnold Brothers Forest Products, Inc. founded?
- Arnold Brothers Forest Products, Inc. has been in business since 1999.