Aztec Building Systems, Inc.
How we got $4.2M
Based on its 31 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 61 years (since 1965)
From public records and the company's website, not a statement that it's for sale.
What they do
Aztec Building Systems, Inc. is a design-build construction company established in 1965 that provides single-source facility design and commercial and industrial construction. It says its clients include corporate clients and developers.
From the company's website. Industry: Commercial construction.
Customers & suppliers
Customers
- Confidence Ford of Norman · named on its website
- Santa Fe Commons · named on its website
- Dr. Parker's Clinic · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Atc Drivetrain · Oklahoma City, 17 mi · $1.24B
- Bob Moore Auto Group · Oklahoma City, 15 mi · $935.7M
- BADGER VALLEY INVESTMENTS, LLC · Pauls Valley, 38 mi · $298.1M
- JOHN VANCE MOTORS, INC. · Guthrie, 39 mi · $260.0M
- BOB HOWARD GERMAN IMPORTS LLC · Edmond, 25 mi · $231.2M
- MidFirst Bank · Oklahoma City, 19 mi · $2.25B
- BancFirst · Oklahoma City, 15 mi · $785.7M
- InterBank · Oklahoma City, 19 mi · $369.1M
- First Fidelity Bank · Oklahoma City, 19 mi · $161.7M
- Communication Federal Credit Union · Oklahoma City, 21 mi · $159.1M
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.
Employees over time
▼ 61% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $22.2M |
| 2020 | Form 5500 | 31 | $22.2M |
| 2021 | Form 5500 | 27 | $19.4M |
| 2022 | Form 5500 | 30 | $21.5M |
| 2023 | Form 5500 | 23 | $16.5M |
| 2024 | Form 5500 | 30 | $21.5M |
| 2025 | Form 5500 | 12 | $8.6M |
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 |
|---|---|---|
| AZTEC BUILDING SYSTEMS, INC. this business | $24.7M | — |
| CADDELL & CO, LLC Norman · 3 employees | $4.6M | 0.2 mi |
| ARIA DEVELOPMENT LLC Norman · 3 employees | $2.2M | 1.2 mi |
| TCS CONSTRUCTION LLC Norman · 8 employees | $3.6M | 1.3 mi |
| HAMMER CONSTRUCTION, INC. Norman · 145 employees | $102.6M | 1.3 mi |
| MISSION CONSTRUCTION LLC Norman · 11 employees | $5.0M | 1.3 mi |
| TC GRISSOM BUILDING COMPANY, LLC Norman · 5 employees | $2.8M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $25.3M |
| Estimate: the two combined (geometric mean) | $24.7M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $1.2M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 3% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $4.2M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.5M – $6.6M |
| Revenue range | $18.5M – $32.1M |
| EBITDA range | $936K – $1.6M |
| 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
“Established in 1965, Aztec Building Systems, Inc. is a top design build construction company that has completed over 2,300 commercial and industrial projects in 17 states, establishing us as one of the most experienced design-build and commercial construction companies in the state of Oklahoma.”
Advisors
- BankingEquity 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
| Equity Bank PPP 2020, PPP 2021 | All 375 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $385K | 31 |
| 1/20/2021 | second | $403K | 29 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Aztec Building Systems, Inc.
Aztec Building Systems, Inc. is a commercial construction company in Norman, Oklahoma, in business since 1965. Its estimated annual revenue is about $24.7M, with roughly $1.2M of EBITDA. It has about 12 employees. Its estimated business value is $4.2M (likely range $2.5M–$6.6M).
Common questions
- Who owns Aztec Building Systems, Inc.?
- The owner of Aztec Building Systems, 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 Aztec Building Systems, Inc. make?
- SeeBITDA estimates Aztec Building Systems, Inc.'s annual revenue at about $24.7M (likely between $18.5M and $32.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Aztec Building Systems, Inc. worth?
- About $4.2M, roughly 3.4× its estimated EBITDA of $1.2M, typical for a commercial construction company its size. Likely range: $2.5M–$6.6M.
- How many employees does Aztec Building Systems, Inc. have?
- About 12, from its 2025 retirement-plan filing.
- When was Aztec Building Systems, Inc. founded?
- Aztec Building Systems, Inc. has been in business since 1965.