Dow Aero Logistics, LLC
How we got $23.0M
Based on its 32 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
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
Customers & suppliers
Customers
- Department of the Navy · federal contracts $1.9M
- Defense Logistics Agency · federal contracts $160K
Estimated value over time
▲ 7% 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
▲ 53% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 32 | $30.6M |
| 2020 | Form 5500 | 24 | $22.9M |
| 2021 | Form 5500 | 28 | $26.8M |
| 2022 | Form 5500 | 31 | $29.6M |
| 2023 | Form 5500 | 40 | $38.2M |
| 2024 | Form 5500 | 49 | $46.8M |
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 |
|---|---|---|
| DOW AERO LOGISTICS, LLC this business | $35.9M | — |
| SUPRDAVE SERVICES LLC Oklahoma City · 1 employees | $914K | 8.5 mi |
| QUAD INVESTMENTS, LLC Norman · 3 employees | $3.7M | 11.6 mi |
| INTERSTATE HELICOPTERS INC Bethany · 3 employees | $3.3M | 12.8 mi |
| 6076, LLC Oklahoma City · 1 employees | $1.5M | 15.6 mi |
| JETSET LLC Edmond · 1 employees | $1.5M | 17.6 mi |
| CP AEROSPACE, LLC Lawton · 3 employees | $5.5M | 68.8 mi |
The full calculation
| Employees reported to the SBA | 32 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $48.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.6M |
| Estimate: the two combined (geometric mean) | $35.9M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $4.2M |
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 | $23.0M |
| Multiple for this size and industry | 5.5× |
| Value range | $12.1M – $31.5M |
| Revenue range | $23.6M – $41.0M |
| EBITDA range | $2.8M – $4.8M |
| Industry (NAICS) | Scheduled Freight Air Transportation (481112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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. 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
- BankingProsperity 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
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/30/2020 | first | $289K | 32 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Dow Aero Logistics, LLC
Dow Aero Logistics, LLC is a scheduled freight air transportation company in Oklahoma City, Oklahoma, in business since 2010. It is owned by Ronda Hudson-Dowding (Owner/President/CEO). Its estimated annual revenue is about $35.9M, with roughly $4.2M of EBITDA. It has about 49 employees. Its estimated business value is $23.0M (likely range $12.1M–$31.5M).
Common questions
- Who owns Dow Aero Logistics, LLC?
- Dow Aero Logistics, LLC is owned by Ronda Hudson-Dowding (Owner/President/CEO), according to public sources such as the company's website or filings.
- How much revenue does Dow Aero Logistics, LLC make?
- SeeBITDA estimates Dow Aero Logistics, LLC's annual revenue at about $35.9M (likely between $23.6M and $41.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Dow Aero Logistics, LLC worth?
- About $23.0M, roughly 5.5× its estimated EBITDA of $4.2M, typical for a scheduled freight air transportation company its size. Likely range: $12.1M–$31.5M.
- How many employees does Dow Aero Logistics, LLC have?
- About 49, from its 2024 retirement-plan filing.
- When was Dow Aero Logistics, LLC founded?
- Dow Aero Logistics, LLC has been in business since 2010.