Cec Corporation
How we got $68.5M
Based on its 210 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 105 years (since 1921)
From public records and the company's website, not a statement that it's for sale.
What they do
CEC is a multi-service engineering firm offering construction engineering and inspection, materials testing, geospatial, power delivery and infrastructure design services for owners and contractors on roadway, bridge, water, power and commercial projects.
From the company's website. Industry: Engineering & architecture.
Customers & suppliers
Customers
- Oklahoma Turnpike Authority (OTA) · named on its website
- ODOT · named on its website
Estimated value over time
▲ 90% 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
▲ 12% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 210 | $45.9M |
| 2020 | Form 5500 | 208 | $45.5M |
| 2021 | Form 5500 | 186 | $40.7M |
| 2022 | Form 5500 | 249 | $54.4M |
| 2023 | Form 5500 | 262 | $57.3M |
| 2024 | Form 5500 | 254 | $55.5M |
| 2025 | Form 5500 | 236 | $51.6M |
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 |
|---|---|---|
| CEC CORPORATION this business | $77.8M | — |
| Diagnostic Laboratory of Oklahoma - Gaillardia PSC - Employer Drug Testing Not Offered | $2.0M | 0.1 mi |
| Quest Diagnostics Oklahoma City | $2.0M | 0.1 mi |
| GoEngineer - Oklahoma City Oklahoma City | $2.0M | 0.2 mi |
| Whiteboard Mortgage CRM Oklahoma City | $2.0M | 0.2 mi |
| Mercy - Northwest Family Clinic Employer Drug Testing Not Offered | $2.0M | 0.4 mi |
| Quest Diagnostics - MERCY TOWER DRAW SITE | $2.0M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 210 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $65.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $71.0M |
| Estimate: the two combined (geometric mean) | $77.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $9.1M |
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 | $68.5M |
| Multiple for this size and industry | 7.5× |
| Value range | $36.1M – $93.8M |
| Revenue range | $51.2M – $88.7M |
| EBITDA range | $6.0M – $10.4M |
| Industry (NAICS) | Engineering Services (541330) |
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
“CEC began to Get Stuff Built Right® in 1921, and has since grown to be the multi-discipline, regional firm we are today.”
Advisors
- AccountingStambaugh Ness, Inc.Audits its 401(k) plan (2025 filing)
- BankingCrossFirst 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
| CrossFirst Bank PPP 2020 | All 299 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $3.2M | 210 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cec Corporation
Cec Corporation is an engineering & architecture company in Oklahoma City, Oklahoma, in business since 1921. It is owned by Doug Glenn (President). Its estimated annual revenue is about $77.8M, with roughly $9.1M of EBITDA. It has about 236 employees. Its estimated business value is $68.5M (likely range $36.1M–$93.8M).
Common questions
- Who owns Cec Corporation?
- Cec Corporation is owned by Doug Glenn (President), according to public sources such as the company's website or filings.
- How much revenue does Cec Corporation make?
- SeeBITDA estimates Cec Corporation's annual revenue at about $77.8M (likely between $51.2M and $88.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cec Corporation worth?
- About $68.5M, roughly 7.5× its estimated EBITDA of $9.1M, typical for a engineering & architecture company its size. Likely range: $36.1M–$93.8M.
- How many employees does Cec Corporation have?
- About 236, from its 2025 retirement-plan filing.
- When was Cec Corporation founded?
- Cec Corporation has been in business since 1921.