Atlas Asphalt Products, Inc.
How we got $11.7M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 61 years (since 1965)
- Founder still runs it after 61 years
- Family in the business (Bruce L. Smith, President of The Atlas Companies)
From public records and the company's website, not a statement that it's for sale.
What they do
Atlas Asphalt Products, Inc. is part of The Atlas Companies, a Central Oklahoma construction group, and is described as the premier supplier of Hot Mix Asphalt for the Greater Oklahoma City Metro Area.
From the company's website. Industry: Asphalt Paving Mixture and Block Manufacturing.
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 |
|---|---|---|
| ATLAS ASPHALT PRODUCTS, INC. this business | $20.4M | — |
| CPRP SERVICES, LLC Oklahoma City | $206.7M | 3.5 mi |
| NEEDHAM ENERGY DATA SOLUTIONS LLC Oklahoma City · 1 employees | $8.1M | 4.1 mi |
| NEEDHAM ENERGY ADVISORS, LLC Oklahoma City · 1 employees | $8.9M | 4.3 mi |
| SCHWARZ ASPHALT, L.L.C. Oklahoma City · 13 employees | $20.5M | 4.4 mi |
| OSI Environmental Inc Oklahoma City | $19.7M | 5.6 mi |
| RAZOR ENVIRONMENTAL Oklahoma City · 1 employees | $3.5M | 6.0 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $18.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.2M |
| Estimate: the two combined (geometric mean) | $20.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.1M |
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 | $11.7M |
| Multiple for this size and industry | 5.5× |
| Value range | $6.2M – $16.0M |
| Revenue range | $13.5M – $23.3M |
| EBITDA range | $1.4M – $2.4M |
| 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
“Atlas Asphalt Products, was created in 1965 as the asphalt materials and sales component of the companies.”
Leadership
- BLBruce L. SmithPresident of The Atlas Companies · Company website · source
Advisors
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $176K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Atlas Asphalt Products, Inc.
Atlas Asphalt Products, Inc. is a family-owned asphalt paving mixture and block manufacturing company in Oklahoma City, Oklahoma, in business since 1965. It is owned by Hugh M. Smith (Founder). Its estimated annual revenue is about $20.4M, with roughly $2.1M of EBITDA. It has about 12 employees. Its estimated business value is $11.7M (likely range $6.2M–$16.0M).
Common questions
- Who owns Atlas Asphalt Products, Inc.?
- Atlas Asphalt Products, Inc. is owned by Hugh M. Smith (Founder), according to public sources such as the company's website or filings.
- How much revenue does Atlas Asphalt Products, Inc. make?
- SeeBITDA estimates Atlas Asphalt Products, Inc.'s annual revenue at about $20.4M (likely between $13.5M and $23.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Atlas Asphalt Products, Inc. worth?
- About $11.7M, roughly 5.5× its estimated EBITDA of $2.1M, typical for a asphalt paving mixture and block manufacturing company its size. Likely range: $6.2M–$16.0M.
- How many employees does Atlas Asphalt Products, Inc. have?
- About 12, as reported on its PPP loan.
- When was Atlas Asphalt Products, Inc. founded?
- Atlas Asphalt Products, Inc. has been in business since 1965.
- Is Atlas Asphalt Products, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 61 years (since 1965); founder still runs it after 61 years; family in the business (bruce l. smith, president of the atlas companies).