Caswell Construction Company,
How we got $10.9M
Based on its 44 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 28% 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
▼ 20% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 44 | $31.5M |
| 2023 | Form 5500 | 37 | $26.5M |
| 2024 | Form 5500 | 38 | $27.2M |
| 2025 | Form 5500 | 35 | $25.1M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 48 years (since 1978)
From public records and the company's website, not a statement that it's for sale.
What they do
Caswell Construction is a full-service asphalt paving and concrete contractor founded in 1978 that also produces asphalt and concrete. It serves commercial and other construction work in the Elk City, Oklahoma area.
From the company's website. Industry: Commercial construction.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CASWELL CONSTRUCTION COMPANY, this business | $52.5M | — |
| REDIBUILT METAL PRODUCTS & CONSTRUCTION, INC. Elk City · 6 employees | $4.4M | 1.6 mi |
| JOE D. HALL GENERAL CONTRACTORS, L.L.C. Elk City · 35 employees | $44.2M | 3.3 mi |
| PERRY CONSTRUCTION LLC Foss · 3 employees | $2.0M | 15.2 mi |
| HENDERSHOT CONSTRUCTION, LLC Clinton · 15 employees | $16.3M | 25.6 mi |
| CARO'S METAL CONSTRUCTION LLC Clinton · 2 employees | $1.2M | 25.7 mi |
| L AND C METAL BUILDINGS Rocky · 3 employees | $2.6M | 27.9 mi |
The full calculation
| Employees reported to the SBA | 44 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $43.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $48.8M |
| Estimate: the two combined (geometric mean) | $52.5M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $2.6M |
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 | $10.9M |
| Multiple for this size and industry | 4.1× |
| Value range | $5.7M – $14.9M |
| Revenue range | $34.5M – $59.8M |
| EBITDA range | $1.7M – $3.0M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
“Founded in 1978, Caswell Construction is a high-quality, full-service asphalt paving and concrete contractor that delivers paving solutions and prompt service.”
Advisors
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $584K | 44 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Caswell Construction Company,
Caswell Construction Company, is a commercial construction company in Elk City, Oklahoma, in business since 1978. It is owned by Wayne Caswell. Its estimated annual revenue is about $52.5M, with roughly $2.6M of EBITDA. It has about 35 employees. Its estimated business value is $10.9M (likely range $5.7M–$14.9M).
Common questions
- Who owns Caswell Construction Company,?
- Caswell Construction Company, is owned by Wayne Caswell, according to public sources such as the company's website or filings.
- How much revenue does Caswell Construction Company, make?
- SeeBITDA estimates Caswell Construction Company,'s annual revenue at about $52.5M (likely between $34.5M and $59.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Caswell Construction Company, worth?
- About $10.9M, roughly 4.1× its estimated EBITDA of $2.6M, typical for a commercial construction company its size. Likely range: $5.7M–$14.9M.
- How many employees does Caswell Construction Company, have?
- About 35, from its 2025 retirement-plan filing.
- When was Caswell Construction Company, founded?
- Caswell Construction Company, has been in business since 1978.