Compsource Mutual Insurance Company
How we got $168.9M
Based on its 289 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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
CompSource Mutual is a workers' compensation insurance provider in Oklahoma serving Oklahoma businesses and their workers. It offers policyholder services such as safety consulting, underwriting, premium audit support, and claims help.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- FIRE LEAF ENTERPRISES LLC · Oklahoma City, 4 mi · $21.2M
- LAZY J ARENA, LLC · Stillwater, 44 mi · $20.8M
- EXPRESS RANCHES INC · Yukon, 14 mi · $12.7M
- LANCE RHODES · Fairview, 82 mi · $7.7M
- CASTLE ROCK HEF, LLC · Oklahoma City, 8 mi · $7.6M
- GULFPORT ENERGY CORPORATION · Oklahoma City, 9 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 10 mi · $1.18B
- T/J INSPECTION, INC. · Del City, 5 mi · $532.1M
- CROWN ENERGY COMPANY · Oklahoma City, 1 mi · $476.0M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 2 mi · $431.9M
- HARRISON-ORR AIR CONDITIONING, LLC · Oklahoma City, 2 mi · $56.5M
- AIR COMFORT SOLUTIONS LLC · Moore, 10 mi · $53.4M
- H&H PLUMBING AND UTILITIES INC. · Goldsby, 23 mi · $42.2M
- STREETS, LLC · Oklahoma City, 3 mi · $32.4M
- TRADE MECHANICAL CONTRACTORS, INC. · Oklahoma City, 2 mi · $24.4M
- HOBBY LOBBY STORES INC · Oklahoma City, 9 mi · $174.1M
- Freymiller Inc. · Oklahoma City, 9 mi · $171.8M
- STEVENS TRUCKING CO · Oklahoma City, 8 mi · $80.7M
- COLDIRON SPECIALIZED DRIVEAWAY INC · Oklahoma City, 4 mi · $72.8M
- DUIT CONSTRUCTION CO INC · Edmond, 15 mi · $71.1M
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 |
|---|---|---|
| COMPSOURCE MUTUAL INSURANCE COMPANY this business | $96.6M | — |
| Capital Bureau Oklahoma City | $493K | 0.4 mi |
| Farmers Insurance - Jimmy Carswell Lawton | $493K | 0.4 mi |
| American Income Life Insurance Oklahoma City | $493K | 0.6 mi |
| Tvc Insurance Oklahoma City | $493K | 0.7 mi |
| OKLAHOMA AGENTS ALLIANCE, LLC Oklahoma City · 25 employees | $6.8M | 0.7 mi |
| BENEFITS AT WORK, LLC Oklahoma City · 2 employees | $435K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 289 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $85.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $109.3M |
| Estimate: the two combined (geometric mean) | $96.6M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $18.8M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 5% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $168.9M |
| Multiple for this size and industry | 9× |
| Value range | $101.3M – $263.5M |
| Revenue range | $72.5M – $125.6M |
| EBITDA range | $14.1M – $24.4M |
| 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
Leadership
- JMJohn M. McCormickActing General Counsel · From a web search · source
- TITrey IngramChief Executive Officer · From a web search · source
- SHSteve HardinPresident and Chief Financial Officer · From a web search · source
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 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 | $5.4M | 289 |
2 locations
| 1901 N Walnut | Oklahoma City | This listing |
| 1305 S Denver Ave | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Compsource Mutual Insurance Company
Compsource Mutual Insurance Company is an insurance agencies company in Oklahoma City, Oklahoma, in business since 2001. It is owned by Jason Clark (President and Chief Executive Officer). Its estimated annual revenue is about $96.6M, with roughly $18.8M of EBITDA. It has about 289 employees. Its estimated business value is $168.9M (likely range $101.3M–$263.5M). It has 2 locations.
Common questions
- Who owns Compsource Mutual Insurance Company?
- Compsource Mutual Insurance Company is owned by Jason Clark (President and Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does Compsource Mutual Insurance Company make?
- SeeBITDA estimates Compsource Mutual Insurance Company's annual revenue at about $96.6M (likely between $72.5M and $125.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Compsource Mutual Insurance Company worth?
- About $168.9M, roughly 9× its estimated EBITDA of $18.8M, typical for a insurance agencies company its size. Likely range: $101.3M–$263.5M.
- How many employees does Compsource Mutual Insurance Company have?
- About 289, as reported on its PPP loan.
- When was Compsource Mutual Insurance Company founded?
- Compsource Mutual Insurance Company has been in business since 2001.