Cole, Paine & Carlin Insurance Agency, Inc
How we got $15.5M
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 96% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
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.
Employees over time
▼ 96% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 28 | $5.0M |
| 2020 | Form 5500 | 27 | $4.8M |
| 2021 | Form 5500 | 28 | $5.0M |
| 2022 | Form 5500 | 26 | $4.7M |
| 2023 | Form 5500 | 24 | $4.3M |
| 2024 | Form 5500 | 1 | $179K |
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 |
|---|---|---|
| COLE, PAINE & CARLIN INSURANCE AGENCY, INC this business | $9.8M | — |
| Jim Hutson Oklahoma City | $815K | 0.1 mi |
| Tammy Cooper Health Plans Oklahoma City | $815K | 0.2 mi |
| HILLARY A. DEPE, EA, LLC Oklahoma City · 1 employees | $246K | 0.4 mi |
| MAITLAND, LLC Oklahoma City · 1 employees | $230K | 0.5 mi |
| Ashley & Swenson Oklahoma City | $815K | 0.5 mi |
| PAUL W MEADE INSURANCE AGENCY, INC. Oklahoma City · 1 employees | $226K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.7M |
| Estimate: the two combined (geometric mean) | $9.8M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.3M |
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 | $15.5M |
| Multiple for this size and industry | 6.6× |
| Value range | $8.2M – $21.2M |
| Revenue range | $6.5M – $11.2M |
| EBITDA range | $1.5M – $2.7M |
| 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
History & advisors
Advisors
- BankingFirst Fidelity 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 Fidelity Bank PPP 2020 | All 940 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 | $427K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cole, Paine & Carlin Insurance Agency, Inc
Cole, Paine & Carlin Insurance Agency, Inc is an insurance agencies company in Oklahoma City, Oklahoma. It is owned by David Paine. Its estimated annual revenue is about $9.8M, with roughly $2.3M of EBITDA. It has about 1 employees. Its estimated business value is $15.5M (likely range $8.2M–$21.2M).
Common questions
- Who owns Cole, Paine & Carlin Insurance Agency, Inc?
- Cole, Paine & Carlin Insurance Agency, Inc is owned by David Paine, according to public sources such as the company's website or filings.
- How much revenue does Cole, Paine & Carlin Insurance Agency, Inc make?
- SeeBITDA estimates Cole, Paine & Carlin Insurance Agency, Inc's annual revenue at about $9.8M (likely between $6.5M and $11.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cole, Paine & Carlin Insurance Agency, Inc worth?
- About $15.5M, roughly 6.6× its estimated EBITDA of $2.3M, typical for a insurance agencies company its size. Likely range: $8.2M–$21.2M.
- How many employees does Cole, Paine & Carlin Insurance Agency, Inc have?
- About 1, from its 2024 retirement-plan filing.