Associated Building and Development Corporation
How we got $3.5M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 42 years (since 1984)
- Family in the business (Jayme Newby, Office Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Associated Building and Development Corp is a general contracting and building maintenance company serving the area since 1984, with work for commercial and industrial clients.
From the company's website. Industry: Commercial construction.
Customers & suppliers
Customers
- Baldor · named on its website
- International Paper · named on its website
- O.K. Feed · named on its website
- Power Mill Contractors · named on its website
- Southwest Die Casting · named on its website
- Verizon Wireless · named on its website
- Crown Castle · named on its website
- OG&E · named on its website
- Consolidated Printing · named on its website
Suppliers & brands
- Crown Castle · brand it sells or installs
- Verizon Wireless · brand it sells or installs
Estimated value over time
▲ 28% 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 |
|---|---|---|
| ASSOCIATED BUILDING AND DEVELOPMENT CORPORATION this business | $20.4M | — |
| CULLUM EQUIPMENT SERVICES INC. Sallisaw · 7 employees | $4.6M | 17.1 mi |
| T-MAC CONSTRUCTION INC Poteau · 2 employees | $2.0M | 19.9 mi |
| OAK RIDGE ASSEMBLY OF GOD CHURCH Sallisaw · 1 employees | $475K | 22.0 mi |
| MGS CONSTRUCTION SERVICES INC Sallisaw · 21 employees | $18.9M | 22.5 mi |
| J CROLEY CONSTRUCTION LLC Stilwell · 9 employees | $6.9M | 37.0 mi |
| COVEL CONTRACTING LLC Cookson · 11 employees | $7.9M | 39.6 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $21.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.8M |
| Estimate: the two combined (geometric mean) | $20.4M |
| EBITDA margin (industry, adjusted for size) | 5% |
| 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 | $3.5M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.8M – $4.8M |
| Revenue range | $13.4M – $23.3M |
| EBITDA range | $678K – $1.2M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
People & advisors
Leadership
- JNJayme NewbyOffice Manager · Company website · source
- HDHailey DeSpainCustomer Service Rep · Company website · source
- CCCasey ChastainOffice Clerk · Company website · source
- RNRonny NewbyV-President · Company website · source
- JHJamie HopperElectrician/Service Tech · Company website · source
- TNTim NewbyService Tech · Company website · source
- BNBenny NewbyService Tech · Company website · source
- RPRobert PetersonService Tech · Company website · source
- TNTyler NewbyService Tech · Company website · source
- RNRicky NewbyService Tech · Company website · source
Advisors
- BankingCadence 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
| Cadence Bank PPP 2020, PPP 2021 | All 28 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $177K | 22 |
| 3/20/2021 | second | $172K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Associated Building and Development Corporation
Associated Building and Development Corporation is a commercial construction company in Pocola, Oklahoma, in business since 1984. It is owned by Andrea Newby (President). Its estimated annual revenue is about $20.4M, with roughly $1.0M of EBITDA. It has about 22 employees. Its estimated business value is $3.5M (likely range $1.8M–$4.8M).
Common questions
- Who owns Associated Building and Development Corporation?
- Associated Building and Development Corporation is owned by Andrea Newby (President), according to public sources such as the company's website or filings.
- How much revenue does Associated Building and Development Corporation make?
- SeeBITDA estimates Associated Building and Development Corporation's annual revenue at about $20.4M (likely between $13.4M and $23.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Associated Building and Development Corporation worth?
- About $3.5M, roughly 3.4× its estimated EBITDA of $1.0M, typical for a commercial construction company its size. Likely range: $1.8M–$4.8M.
- How many employees does Associated Building and Development Corporation have?
- About 22, as reported on its PPP loan.
- When was Associated Building and Development Corporation founded?
- Associated Building and Development Corporation has been in business since 1984.