Comtec Electronic Systems, Inc
How we got $1.1M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 40 years (since 1986)
- Founder still runs it after 40 years
- 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
Comtec Security is a security company in Choctaw, Oklahoma that provides service and monitoring for security and fire alarm systems for commercial and residential customers.
From the company's website. Industry: Security services.
Estimated value over time
▲ 47% 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 |
|---|---|---|
| COMTEC ELECTRONIC SYSTEMS, INC this business | $3.5M | — |
| ALLHOURS LOCKSMITH, INC. Choctaw · 3 employees | $597K | 2.3 mi |
| NIGHT VISION PATROL LLC Midwest City · 3 employees | $181K | 4.3 mi |
| DIGITECH SECURITY, INC. Oklahoma City · 5 employees | $964K | 4.7 mi |
| ALCOM SECURITY SYSTEMS LLC Oklahoma City · 13 employees | $3.0M | 5.2 mi |
| ANGLE N INC Midwest City · 4 employees | $801K | 7.0 mi |
| THUNDER & LIGHTENING PROTECTION AND MARKETING LLC Oklahoma City · 6 employees | $237K | 7.4 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.8M |
| Estimate: the two combined (geometric mean) | $3.5M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $372K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 18% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $1.1M |
| Multiple for this size and industry | 3× |
| Value range | $669K – $1.7M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $279K – $483K |
| Industry (NAICS) | Security Systems Services (except Locksmiths) (561621) |
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
- 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 |
|---|---|---|---|
| 4/14/2020 | first | $138K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Comtec Electronic Systems, Inc
Comtec Electronic Systems, Inc is a security services company in Choctaw, Oklahoma, in business since 1986. It is owned by Zeke Lay. Its estimated annual revenue is about $3.5M, with roughly $372K of EBITDA. It has about 14 employees. Its estimated business value is $1.1M (likely range $669K–$1.7M).
Common questions
- Who owns Comtec Electronic Systems, Inc?
- Comtec Electronic Systems, Inc is owned by Zeke Lay, according to public sources such as the company's website or filings.
- How much revenue does Comtec Electronic Systems, Inc make?
- SeeBITDA estimates Comtec Electronic Systems, Inc's annual revenue at about $3.5M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Comtec Electronic Systems, Inc worth?
- About $1.1M, roughly 3× its estimated EBITDA of $372K, typical for a security services company its size. Likely range: $669K–$1.7M.
- How many employees does Comtec Electronic Systems, Inc have?
- About 14, as reported on its PPP loan.
- When was Comtec Electronic Systems, Inc founded?
- Comtec Electronic Systems, Inc has been in business since 1986.
- Is Comtec Electronic Systems, Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 40 years (since 1986); founder still runs it after 40 years; no family successor named on its website.