Bluegrass Energy, Inc.
How we got $5.8M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 47% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BLUEGRASS ENERGY, INC. this business | $12.2M | — |
| Direct Energy Tulsa | $1.1M | 2.5 mi |
| BROKEN ARROW ELECTRIC SPLY INC Broken Arrow · 155 employees | $207.2M | 6.5 mi |
| THE RITTER GROUP, INC. Tulsa · 1 employees | $731K | 9.4 mi |
| COUNTY LINE ELECTRIC INC Coweta · 2 employees | $3.7M | 14.5 mi |
| CASH FAMILY ELECTRIC LLC Coweta · 30 employees | $30.9M | 15.2 mi |
| VERDIGRIS VALLEY ELECTRIC COOPERATIVE, INC. Collinsville · 93 employees | $97.4M | 23.3 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.6M |
| Estimate: the two combined (geometric mean) | $12.2M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.3M |
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 | $5.8M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.0M – $7.9M |
| Revenue range | $8.0M – $13.9M |
| EBITDA range | $843K – $1.5M |
| Industry (NAICS) | Electric Power Distribution (221122) |
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
History & advisors
Advisors
- BankingFirst Oklahoma 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 Roles are as stated there and may be out of date.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
| First Oklahoma Bank PPP 2020, PPP 2021 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $84K | 5 |
| 1/21/2021 | second | $84K | 5 |
About Bluegrass Energy, Inc.
Bluegrass Energy, Inc. is an electric power distribution company in Tulsa, Oklahoma. Its estimated annual revenue is about $12.2M, with roughly $1.3M of EBITDA. It has about 5 employees. Its estimated business value is $5.8M (likely range $3.0M–$7.9M).
Common questions
- Who owns Bluegrass Energy, Inc.?
- The owner of Bluegrass Energy, 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 Bluegrass Energy, Inc. make?
- SeeBITDA estimates Bluegrass Energy, Inc.'s annual revenue at about $12.2M (likely between $8.0M and $13.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bluegrass Energy, Inc. worth?
- About $5.8M, roughly 4.5× its estimated EBITDA of $1.3M, typical for a electric power distribution company its size. Likely range: $3.0M–$7.9M.
- How many employees does Bluegrass Energy, Inc. have?
- About 5, as reported on its PPP loan.