Blastrac Na Inc.
How we got $32.0M
Based on its 102 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 199% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 102 | $34.1M |
| 2020 | Form 5500 | 41 | $13.7M |
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 |
|---|---|---|
| BLASTRAC NA INC. this business | $66.7M | — |
| TRAFFIC & LIGHTING SYSTEMS, LLC Oklahoma City · 132 employees | $83.6M | 0.1 mi |
| BRIFEN USA, INC. Oklahoma City · 7 employees | $5.3M | 0.5 mi |
| MIDSTATE TRAFFIC CONTROL, INC. Oklahoma City · 51 employees | $28.1M | 0.5 mi |
| BLACK MESA TRUCKING LLC Oklahoma City · 17 employees | $10.2M | 5.5 mi |
| C-P INTEGRATED SERVICES, INC Oklahoma City · 21 employees | $15.4M | 5.5 mi |
| OLC, INC Oklahoma City · 115 employees | $62.3M | 5.5 mi |
The full calculation
| Employees reported to the SBA | 102 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $60.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $56.5M |
| Estimate: the two combined (geometric mean) | $66.7M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $6.5M |
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 | $32.0M |
| Multiple for this size and industry | 4.9× |
| Value range | $16.8M – $43.8M |
| Revenue range | $43.9M – $76.1M |
| EBITDA range | $4.3M – $7.4M |
| 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
Advisors
- AccountingWilsey Meyer Eatmon Tate PLLCAudits its 401(k) plan (2020 filing)
- BankingParkside Financial Bank & TrustPPP / 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
| Parkside Financial Bank & Trust PPP 2021 | All 2 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/24/2021 | second | $1.3M | 102 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Blastrac Na Inc.
Blastrac Na Inc. is a highway, street, and bridge construction company in Oklahoma City, Oklahoma. It is owned by Brian Allen Downey (Principal). Its estimated annual revenue is about $66.7M, with roughly $6.5M of EBITDA. It has about 41 employees. Its estimated business value is $32.0M (likely range $16.8M–$43.8M).
Common questions
- Who owns Blastrac Na Inc.?
- Blastrac Na Inc. is owned by Brian Allen Downey (Principal), according to public sources such as the company's website or filings.
- How much revenue does Blastrac Na Inc. make?
- SeeBITDA estimates Blastrac Na Inc.'s annual revenue at about $66.7M (likely between $43.9M and $76.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Blastrac Na Inc. worth?
- About $32.0M, roughly 4.9× its estimated EBITDA of $6.5M, typical for a highway, street, and bridge construction company its size. Likely range: $16.8M–$43.8M.
- How many employees does Blastrac Na Inc. have?
- About 41, from its 2020 retirement-plan filing.