Butler Insurance Agency, Inc.
How we got $1.5M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 110 years (since 1916)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Butler Insurance Agency, Inc is a family-owned and operated insurance agency in Madill, OK, offering personal and commercial insurance services. It says it has been in business since 1916.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Liberty Mutual · brand it sells or installs
- Safeco · brand it sells or installs
- Progressive · brand it sells or installs
- Foremost · brand it sells or installs
- Hull & Company · brand it sells or installs
- American Modern · brand it sells or installs
Estimated value over time
▲ 30% 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 |
|---|---|---|
| BUTLER INSURANCE AGENCY, INC. this business | $1.4M | — |
| KYLE G KENNEDY INSURANCE AGENCY, INC. Madill · 7 employees | $1.1M | 0.1 mi |
| Broc McGuire, Agent Madill | $806K | 0.2 mi |
| Oklahoma Farm Bureau Insurance Madill | $8.1M | 0.2 mi |
| Shelter Insurance Madill | $806K | 0.2 mi |
| CHUCK MCHATTON AGENCY, INC. Madill · 2 employees | $450K | 0.2 mi |
| American Farmers & Ranchers Insurance Madill | $806K | 0.4 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $424K |
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 | $1.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $803K – $2.1M |
| Revenue range | $940K – $1.6M |
| EBITDA range | $279K – $483K |
| 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
Advisors
- 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 |
|---|---|---|---|
| 4/8/2020 | first | $55K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Butler Insurance Agency, Inc.
Butler Insurance Agency, Inc. is a family-owned insurance agencies company in Madill, Oklahoma, in business since 1916. It is owned by Terry Rushing (Owner and Manager). Its estimated annual revenue is about $1.4M, with roughly $424K of EBITDA. It has about 7 employees. Its estimated business value is $1.5M (likely range $803K–$2.1M).
Common questions
- Who owns Butler Insurance Agency, Inc.?
- Butler Insurance Agency, Inc. is owned by Terry Rushing (Owner and Manager), according to public sources such as the company's website or filings.
- How much revenue does Butler Insurance Agency, Inc. make?
- SeeBITDA estimates Butler Insurance Agency, Inc.'s annual revenue at about $1.4M (likely between $940K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Butler Insurance Agency, Inc. worth?
- About $1.5M, roughly 3.6× its estimated EBITDA of $424K, typical for a insurance agencies company its size. Likely range: $803K–$2.1M.
- How many employees does Butler Insurance Agency, Inc. have?
- About 7, as reported on its PPP loan.
- When was Butler Insurance Agency, Inc. founded?
- Butler Insurance Agency, Inc. has been in business since 1916.
- Is Butler Insurance Agency, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 110 years (since 1916); no family successor named on its website.