B & H Construction, LLC
How we got $91.8M
Based on 441 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- In business 27 years (since 1999)
- Acquired by B&H Pilings
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by B&H PilingsResult 3 says B&H Pilings, which describes B & H Construction as serving Oklahoma, acquired White Hawk Foundation Systems, but this is B&H as the buyer, not a deal in which B & H Construction was acquired.Source
Estimated value over time
▲ 119% 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
▲ 76% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 250 | $88.4M |
| 2020 | Form 5500 | 347 | $122.7M |
| 2021 | Form 5500 | 318 | $112.5M |
| 2022 | Form 5500 | 351 | $124.1M |
| 2023 | Form 5500 | 418 | $147.8M |
| 2024 | Form 5500 | 441 | $155.9M |
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 |
|---|---|---|
| B & H CONSTRUCTION, LLC this business | $191.2M | — |
| Meyer Pump Service and Water Well Drilling Norman | $2.6M | 1.8 mi |
| Champion Drilling Fluids Inc Norman | $2.6M | 3.3 mi |
| Winter Creek Drilling Llc Norman | $2.6M | 4.6 mi |
| RUSH PUMP LLC Noble · 2 employees | $765K | 4.9 mi |
| Jackson Well Service Norman | $2.6M | 4.9 mi |
| WEE CONSTRUCTION CO. Washington · 17 employees | $6.3M | 6.4 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $91.8M |
| Multiple for this size and industry | 5.6× |
| Value range | $58.7M – $165.2M |
| Employees in its retirement plan (2024 Form 5500) | 441 |
| Industry revenue per employee | $354K |
| Revenue = employees × revenue per employee | $191.2M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $16.4M |
| For comparison: employees reported for PPP (2020) | 250 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $153.0M – $286.8M |
| EBITDA range | $13.1M – $24.6M |
| Industry (NAICS) | Water and Sewer Line and Related Structures Construction (237110) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- DSDavid SchuermannCFO · From a web search · source
Advisors
- AccountingEide Bailly LLPAudits its 401(k) plan (2024 filing)
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $5.1M | 250 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About B & H Construction, LLC
B & H Construction, LLC is a water and sewer line and related structures construction company in Norman, Oklahoma, in business since 1999. It is owned by Donnie Beller. Its estimated annual revenue is about $191.2M, with roughly $16.4M of EBITDA. It has about 441 employees. Its estimated business value is $91.8M (likely range $58.7M–$165.2M).
Common questions
- Who owns B & H Construction, LLC?
- B & H Construction, LLC is owned by Donnie Beller, according to public sources such as the company's website or filings.
- How much revenue does B & H Construction, LLC make?
- SeeBITDA estimates B & H Construction, LLC's annual revenue at about $191.2M (likely between $153.0M and $286.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is B & H Construction, LLC worth?
- About $91.8M, roughly 5.6× its estimated EBITDA of $16.4M, typical for a water and sewer line and related structures construction company its size. Likely range: $58.7M–$165.2M.
- How many employees does B & H Construction, LLC have?
- About 441, from its 2024 retirement-plan filing.
- When was B & H Construction, LLC founded?
- B & H Construction, LLC has been in business since 1999.