Building Electrical Systems, Inc.
- Jimmy MullingsPresident · Company website
- Scott RodmanOperations Manager · Company website
- Ragon FieldsEstimator · Company website
- Chris ParnellEstimator Electrical & Generators · Company website
- Mike McCrayEstimator · Company website
How we got $6.5M
Based on its 56 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 40 years (since 1986)
- Family in the business (Jimmy Mullings, President)
From public records and the company's website, not a statement that it's for sale.
What they do
Building Electrical Systems, Inc. (BESCO) is a commercial and industrial electrical contracting company doing business in Tulsa and the surrounding area since 1986, serving Oklahoma.
From the company's website. Industry: Electricians.
Customers & suppliers
Customers
- Goodwill Tulsa · named on its website
Estimated value over time
▲ 22% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BUILDING ELECTRICAL SYSTEMS, INC. this business | $20.7M | — |
| Lawson Electric Inc Tulsa | $1.8M | 0.6 mi |
| R & R PLUMBING LLC Tulsa · 21 employees | $5.8M | 1.2 mi |
| BK PLUMBING & HVAC LLC Tulsa · 12 employees | $2.9M | 1.5 mi |
| HUDSON PLUMBING HEATING AND AIR CONDITIONING, INC. Tulsa · 15 employees | $4.8M | 1.5 mi |
| CANDLE ELECTRIC INC Tulsa · 5 employees | $1.3M | 1.5 mi |
| QUEST PLUMBING INC Tulsa · 6 employees | $1.7M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 56 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.4M |
| Estimate: the two combined (geometric mean) | $20.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.8M |
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 | $6.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.4M – $8.9M |
| Revenue range | $13.6M – $23.6M |
| EBITDA range | $1.2M – $2.0M |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
History & advisors
“Building Electrical Systems, Inc. (BESCO) is a commercial and industrial electrical contracting company doing business in Tulsa and the surrounding area since 1986.”
Advisors
- BankingRCB 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
| RCB Bank PPP 2020, PPP 2021 | All 1,690 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 | $756K | 55 |
| 4/21/2021 | second | $781K | 56 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Building Electrical Systems, Inc.
Building Electrical Systems, Inc. is an electricians company in Tulsa, Oklahoma, in business since 1986. It is owned by Jim Mullings (Vice President/Owner). Its estimated annual revenue is about $20.7M, with roughly $1.8M of EBITDA. It has about 56 employees. Its estimated business value is $6.5M (likely range $3.4M–$8.9M).
Common questions
- Who owns Building Electrical Systems, Inc.?
- Building Electrical Systems, Inc. is owned by Jim Mullings (Vice President/Owner), according to public sources such as the company's website or filings.
- How much revenue does Building Electrical Systems, Inc. make?
- SeeBITDA estimates Building Electrical Systems, Inc.'s annual revenue at about $20.7M (likely between $13.6M and $23.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Building Electrical Systems, Inc. worth?
- About $6.5M, roughly 3.6× its estimated EBITDA of $1.8M, typical for a electricians company its size. Likely range: $3.4M–$8.9M.
- How many employees does Building Electrical Systems, Inc. have?
- About 56, as reported on its PPP loan.
- When was Building Electrical Systems, Inc. founded?
- Building Electrical Systems, Inc. has been in business since 1986.