Asphalt and Fuel Supply, LLC
How we got $27.0M
Based on its 23 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
Asphalt & Fuel Supply, founded in 2003, supplies liquid asphalt and refined petroleum products, blending custom asphalt grades at its terminals for its customers.
From the company's website. Industry: Asphalt Paving Mixture and Block Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- INSULATION SPECIALISTS OF TULSA INC · Tulsa, 8 mi · $346.3M
- INDUSTRIAL PIPING SPECIALISTS INC. · Tulsa, 8 mi · $199.4M
- MID AMERICA PIPELINE CONSTRUCTION, INC · Tulsa, 7 mi · $112.1M
- FORREST GROUP LTD · Tulsa, 8 mi · $77.9M
- PARFAB FIELD SERVICES LLC · Inola, 21 mi · $77.5M
- TURNER ROOFING AND SHEET METAL INC · Broken Arrow, 9 mi · $32.9M
- PERFORMANCE.ROOFING INCORPORATE · Tulsa, 5 mi · $29.6M
- COATES ROOFING COMPANY, INC. · Seminole, 72 mi · $19.0M
- HIGGINS & SONS ROOF TRUSS COMPANY INC · Tecumseh, 77 mi · $10.9M
- ALLWINE ROOFING & CONSTRUCTION, INC. · Tulsa, 3 mi · $10.4M
Estimated value over time
▲ 23% 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 |
|---|---|---|
| ASPHALT AND FUEL SUPPLY, LLC this business | $47.2M | — |
| ASPHALT AND FUEL TRANSPORT LLC Tulsa · 33 employees | $65.0M | 0.0 mi |
| CARRERA GAS COMPANIES LLC Tulsa | $25.6M | 2.5 mi |
| NU-TIER BRANDS, INC Tulsa · 14 employees | $21.3M | 4.0 mi |
| WILNAT, INC. Tulsa | $166.5M | 4.2 mi |
| Hf Sinclair Refinery Offices Tulsa | $19.7M | 4.7 mi |
| WELDRIL HOLDINGS LLC Tulsa · 8 employees | $32.6M | 5.0 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $36.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $46.7M |
| Estimate: the two combined (geometric mean) | $47.2M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $4.9M |
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 | $27.0M |
| Multiple for this size and industry | 5.5× |
| Value range | $14.2M – $37.0M |
| Revenue range | $31.1M – $53.8M |
| EBITDA range | $3.2M – $5.6M |
| Industry (NAICS) | Asphalt Paving Mixture and Block Manufacturing (324121) |
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
- BankingCommerce 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
| Commerce Bank PPP 2020 | All 113 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 | $483K | 23 |
2 locations
| 4200 E. Skelly Dr. #600 | Tulsa | This listing |
| 222 N Detroit Ave | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Asphalt and Fuel Supply, LLC
Asphalt and Fuel Supply, LLC is an asphalt paving mixture and block manufacturing company in Tulsa, Oklahoma, in business since 2003. It is owned by Leigh Ann (Ogle) Reaves. Its estimated annual revenue is about $47.2M, with roughly $4.9M of EBITDA. It has about 23 employees. Its estimated business value is $27.0M (likely range $14.2M–$37.0M). It has 2 locations.
Common questions
- Who owns Asphalt and Fuel Supply, LLC?
- Asphalt and Fuel Supply, LLC is owned by Leigh Ann (Ogle) Reaves, according to public sources such as the company's website or filings.
- How much revenue does Asphalt and Fuel Supply, LLC make?
- SeeBITDA estimates Asphalt and Fuel Supply, LLC's annual revenue at about $47.2M (likely between $31.1M and $53.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Asphalt and Fuel Supply, LLC worth?
- About $27.0M, roughly 5.5× its estimated EBITDA of $4.9M, typical for a asphalt paving mixture and block manufacturing company its size. Likely range: $14.2M–$37.0M.
- How many employees does Asphalt and Fuel Supply, LLC have?
- About 23, as reported on its PPP loan.
- When was Asphalt and Fuel Supply, LLC founded?
- Asphalt and Fuel Supply, LLC has been in business since 2003.