Avansic, Inc
How we got $3.4M
Based on its 13 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 22 years (since 2004)
- Founder still runs it after 22 years
From public records and the company's website, not a statement that it's for sale.
What they do
Avansic, Inc. provides eDiscovery, digital forensics, and expert services for legal matters, including litigation, mediation and general business use.
From the company's website. Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology).
Customers & suppliers
Customers
- Alliance Resource Partners · named on its website
- Castañer & Cía P.S.C. - San Juan · named on its website
- Riess LeMieux · named on its website
- Entergy Services · named on its website
Suppliers & brands
- iCONECT · brand it sells or installs
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| AVANSIC, INC this business | $5.5M | — |
| HHELI LLC Tulsa · 5 employees | $1.1M | 0.2 mi |
| Ten-nine Technologies Tulsa | $1.9M | 0.2 mi |
| ROUTE 66 ALLIANCE, INC. Tulsa · 1 employees | $268K | 0.9 mi |
| CANOPY CLINICAL RESEARCH INC Tulsa · 1 employees | $412K | 1.0 mi |
| DE VERGES & ASSOCIATES ENVIRONMENTAL CONSULTING, INC. Tulsa · 1 employees | $391K | 1.5 mi |
| TULSA HISTORICAL SOCIETY Tulsa · 7 employees | $1.0M | 1.8 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.8M |
| Estimate: the two combined (geometric mean) | $5.5M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $900K |
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 | $3.4M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.8M – $4.7M |
| Revenue range | $3.6M – $6.3M |
| EBITDA range | $592K – $1.0M |
| Industry (NAICS) | Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (541715) |
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
“Our roots are in academia; we were founded in 2004 by computer science professor Dr. Gavin W. Manes.”
Leadership
- GWGavin W. Manes, Ph.D.CEO · Company website · source
- BDBeth DowningPresident & CFO · Company website · source
- LWLance WatsonVP & COO · Company website · source
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 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 | $220K | 10 |
| 1/21/2021 | second | $229K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Avansic, Inc
Avansic, Inc is a research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) company in Tulsa, Oklahoma, in business since 2004. It is owned by Gavin W. Manes (CEO). Its estimated annual revenue is about $5.5M, with roughly $900K of EBITDA. It has about 13 employees. Its estimated business value is $3.4M (likely range $1.8M–$4.7M).
Common questions
- Who owns Avansic, Inc?
- Avansic, Inc is owned by Gavin W. Manes (CEO), according to public sources such as the company's website or filings.
- How much revenue does Avansic, Inc make?
- SeeBITDA estimates Avansic, Inc's annual revenue at about $5.5M (likely between $3.6M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Avansic, Inc worth?
- About $3.4M, roughly 3.8× its estimated EBITDA of $900K, typical for a research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) company its size. Likely range: $1.8M–$4.7M.
- How many employees does Avansic, Inc have?
- About 13, as reported on its PPP loan.
- When was Avansic, Inc founded?
- Avansic, Inc has been in business since 2004.