Blackie Gibson Insurance Agency Inc.
How we got $2.8M
Based on its 9 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 49 years (since 1977)
From public records and the company's website, not a statement that it's for sale.
What they do
State Farm insurance agency led by agent Blackie Gibson in Broken Arrow, Oklahoma, offering auto, home, renters, life and health insurance and financial services to local residents.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Estimated value over time
▲ 25% since 2021Today'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 |
|---|---|---|
| BLACKIE GIBSON INSURANCE AGENCY INC. this business | $2.1M | — |
| Derby Insurance Solutions Broken Arrow | $806K | 0.0 mi |
| Broken Arrow Provision Insurance Broken Arrow | $806K | 0.1 mi |
| CELIA DELEON INSURANCE AGENCY, INC Broken Arrow · 4 employees | $699K | 0.3 mi |
| Rick Thomas Health Medicare Life Insurance Independent Agent / Broker Broken Arrow | $806K | 0.3 mi |
| Blackie Gibson - State Farm Insurance Broken Arrow | $806K | 0.3 mi |
| GREATER TULSA INSURANCE INC Broken Arrow · 1 employees | $246K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.1M |
| Estimate: the two combined (geometric mean) | $2.1M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $623K |
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 | $2.8M |
| Multiple for this size and industry | 4.5× |
| Value range | $1.5M – $3.8M |
| Revenue range | $1.4M – $2.4M |
| EBITDA range | $410K – $710K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
“As a State Farm Agent since 1977 and Broken Arrow resident since 1963, I am committed to making a difference in my hometown and surrounding communities.”
Leadership
- BGBlackie GibsonState Farm Insurance Agent · Company website · source
Advisors
- BankingAVB 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
| AVB Bank PPP 2021 | All 309 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/17/2021 | first | $92K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Blackie Gibson Insurance Agency Inc.
Blackie Gibson Insurance Agency Inc. is an insurance agencies company in Broken Arrow, Oklahoma, in business since 1977. Its estimated annual revenue is about $2.1M, with roughly $623K of EBITDA. It has about 9 employees. Its estimated business value is $2.8M (likely range $1.5M–$3.8M).
Common questions
- Who owns Blackie Gibson Insurance Agency Inc.?
- The owner of Blackie Gibson Insurance Agency 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 Blackie Gibson Insurance Agency Inc. make?
- SeeBITDA estimates Blackie Gibson Insurance Agency Inc.'s annual revenue at about $2.1M (likely between $1.4M and $2.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Blackie Gibson Insurance Agency Inc. worth?
- About $2.8M, roughly 4.5× its estimated EBITDA of $623K, typical for a insurance agencies company its size. Likely range: $1.5M–$3.8M.
- How many employees does Blackie Gibson Insurance Agency Inc. have?
- About 9, as reported on its PPP loan.
- When was Blackie Gibson Insurance Agency Inc. founded?
- Blackie Gibson Insurance Agency Inc. has been in business since 1977.