Atlas Paving Company
How we got $11.4M
Based on its 47 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 70 years (since 1956)
- Founder still runs it after 70 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
The Atlas Companies, based in Oklahoma City, is a group of construction businesses: Atlas Paving Company is a full-spectrum paving company, Atlas Asphalt Products supplies Hot Mix Asphalt, and Grace Trucking hauls asphalt and road construction materials.
From the company's website. Industry: Highway, Street, and Bridge Construction.
Estimated value over time
▲ 20% 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
▲ 34% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 47 | $15.7M |
| 2020 | Form 5500 | 62 | $20.7M |
| 2021 | Form 5500 | 61 | $20.4M |
| 2022 | Form 5500 | 61 | $20.4M |
| 2023 | Form 5500 | 58 | $19.4M |
| 2024 | Form 5500 | 56 | $18.7M |
| 2025 | Form 5500 | 63 | $21.1M |
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 |
|---|---|---|
| ATLAS PAVING COMPANY this business | $28.4M | — |
| MERRITT SEALING CO. Oklahoma City · 36 employees | $17.2M | 0.4 mi |
| CONNELLY PAVING COMPANY Oklahoma City · 89 employees | $47.4M | 0.4 mi |
| BISHOP CONSTRUCTION, LLC Oklahoma City · 32 employees | $16.1M | 1.9 mi |
| GOODNIGHT WOODWORKS Oklahoma City · 3 employees | $2.8M | 2.6 mi |
| ACTION SAFETY SUPPLY CO LLC Oklahoma City · 155 employees | $90.7M | 2.6 mi |
| AAA STRIPING, SEALING, & PAVING, INC Bethany · 2 employees | $1.9M | 3.0 mi |
The full calculation
| Employees reported to the SBA | 47 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $25.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.9M |
| Estimate: the two combined (geometric mean) | $28.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.8M |
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 | $11.4M |
| Multiple for this size and industry | 4.1× |
| Value range | $6.0M – $15.6M |
| Revenue range | $18.7M – $32.4M |
| EBITDA range | $1.8M – $3.2M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
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
“This new diversification of the Makins Concrete Company led to the creation of Atlas Paving Company in 1956 to perform asphalt and concrete paving.”
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 | $615K | 47 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Atlas Paving Company
Atlas Paving Company is a family-owned highway, street, and bridge construction company in Oklahoma City, Oklahoma, in business since 1956. It is owned by Hugh M. Smith (Founder). Its estimated annual revenue is about $28.4M, with roughly $2.8M of EBITDA. It has about 63 employees. Its estimated business value is $11.4M (likely range $6.0M–$15.6M).
Common questions
- Who owns Atlas Paving Company?
- Atlas Paving Company is owned by Hugh M. Smith (Founder), according to public sources such as the company's website or filings.
- How much revenue does Atlas Paving Company make?
- SeeBITDA estimates Atlas Paving Company's annual revenue at about $28.4M (likely between $18.7M and $32.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Atlas Paving Company worth?
- About $11.4M, roughly 4.1× its estimated EBITDA of $2.8M, typical for a highway, street, and bridge construction company its size. Likely range: $6.0M–$15.6M.
- How many employees does Atlas Paving Company have?
- About 63, from its 2025 retirement-plan filing.
- When was Atlas Paving Company founded?
- Atlas Paving Company has been in business since 1956.
- Is Atlas Paving Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 70 years (since 1956); founder still runs it after 70 years; family in the business (bruce l. smith, president of the atlas companies).