Astar, Inc.
How we got $12.3M
Based on its 49 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 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
ASTAR, Inc. is an evaluation, compliance, training, and software-enabled workforce readiness partner for the energy industry.
From the company's website. Industry: Consulting.
Estimated value over time
▼ 13% 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
▲ 96% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 49 | $11.2M |
| 2020 | Form 5500 | 30 | $6.9M |
| 2021 | Form 5500 | 36 | $8.2M |
| 2022 | Form 5500 | 55 | $12.6M |
| 2023 | Form 5500 | 72 | $16.4M |
| 2024 | Form 5500 | 87 | $19.9M |
| 2025 | Form 5500 | 96 | $21.9M |
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 |
|---|---|---|
| ASTAR, INC. this business | $15.5M | — |
| PREFERRED SERVICE CNG LLC Oklahoma City · 7 employees | $2.2M | 0.3 mi |
| JAMES FARRIS ASSOCIATES, LTD Oklahoma City · 3 employees | $1.6M | 0.4 mi |
| NINJA TECH CONSULTING LLC Oklahoma City · 1 employees | $483K | 0.6 mi |
| LAND INFORMATION SERVICES LLC Oklahoma City · 49 employees | $16.3M | 0.7 mi |
| SCISSORTAIL EVENTS AND CREATIVE CONSULTING, LLC Oklahoma City · 3 employees | $774K | 0.7 mi |
| FIDLER MARKETING, INC. Oklahoma City · 16 employees | $6.2M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 49 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.9M |
| Estimate: the two combined (geometric mean) | $15.5M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $2.2M |
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 | $12.3M |
| Multiple for this size and industry | 5.5× |
| Value range | $6.5M – $16.8M |
| Revenue range | $10.2M – $17.6M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | Other Scientific and Technical Consulting Services (541690) |
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
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 | 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 | $659K | 49 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Astar, Inc.
Astar, Inc. is a consulting company in Oklahoma City, Oklahoma, in business since 2005. Its estimated annual revenue is about $15.5M, with roughly $2.2M of EBITDA. It has about 96 employees. Its estimated business value is $12.3M (likely range $6.5M–$16.8M).
Common questions
- Who owns Astar, Inc.?
- The owner of Astar, Inc. 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 Astar, Inc. make?
- SeeBITDA estimates Astar, Inc.'s annual revenue at about $15.5M (likely between $10.2M and $17.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Astar, Inc. worth?
- About $12.3M, roughly 5.5× its estimated EBITDA of $2.2M, typical for a consulting company its size. Likely range: $6.5M–$16.8M.
- How many employees does Astar, Inc. have?
- About 96, from its 2025 retirement-plan filing.
- When was Astar, Inc. founded?
- Astar, Inc. has been in business since 2005.