Downey Contracting, LLC
How we got $15.7M
Based on its 76 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 27 years (since 1999)
- Founder still runs it after 27 years
From public records and the company's website, not a statement that it's for sale.
What they do
Downey Contracting, LLC is a Oklahoma City-area contractor offering commercial construction and civil infrastructure solutions across Oklahoma. It says it partners with developers, municipalities, and engineers on projects.
From the company's website. Industry: Commercial construction.
Customers & suppliers
Customers
- Scissortail Park Upper Park · named on its website
- Riversport Rapids · named on its website
- Shawnee Waste Water Treatment Plant · named on its website
- OCCC Performing Arts Center · named on its website
- Crystal Bridge Conservatory · named on its website
- OKC Children's Zoo · named on its website
- Scissortail Upper Park · named on its website
- Shawnee Wastewater Treatment Plant · named on its website
- Riversport OKC · named on its website
- MAPS 4 C.B. Cameron Park · named on its website
- Wiley Post Park · named on its website
- Calle Dos Cinco Plaza · named on its website
- Dewey Park · named on its website
- Earlywine Aquatic Center · named on its website
- Oklahoma Turnpike Authority · named on its website
Estimated value over time
▲ 28% 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
▲ 22% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 76 | $54.5M |
| 2020 | Form 5500 | 60 | $43.0M |
| 2021 | Form 5500 | 60 | $43.0M |
| 2022 | Form 5500 | 48 | $34.4M |
| 2023 | Form 5500 | 83 | $59.5M |
| 2024 | Form 5500 | 93 | $66.7M |
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 |
|---|---|---|
| DOWNEY CONTRACTING, LLC this business | $86.6M | — |
| SUPERIOR CONSTRUCTION OF OKLAHOMA, INC. Oklahoma City · 1 employees | $597K | 1.4 mi |
| DIAMOND FARMER 3 ENTERPRISES Oklahoma City · 1 employees | $1.2M | 1.9 mi |
| SCHWARZ CONSTRUCTION GROUP, LLC Oklahoma City · 1 employees | $754K | 2.3 mi |
| FEDERAL MECHANICAL, INC. Oklahoma City · 4 employees | $3.7M | 2.6 mi |
| JIM COOLEY CONSTRUCTION, L.L.C. Oklahoma City · 9 employees | $9.2M | 2.6 mi |
| PERFECTION LAWN SERVICE LLC Oklahoma City · 1 employees | $920K | 2.6 mi |
The full calculation
| Employees reported to the SBA | 76 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $74.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $77.1M |
| Estimate: the two combined (geometric mean) | $86.6M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $3.8M |
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 | $15.7M |
| Multiple for this size and industry | 4.1× |
| Value range | $8.3M – $21.5M |
| Revenue range | $57.0M – $98.8M |
| EBITDA range | $2.5M – $4.4M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
“Downey Contracting is an Oklahoma City construction company founded in 1999 with a commitment to delivering high-quality projects through strong relationships, careful planning, and reliable execution.”
Advisors
- BankingSovereign 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
| Sovereign Bank PPP 2020, PPP 2021 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $922K | 60 |
| 2/25/2021 | second | $929K | 76 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Downey Contracting, LLC
Downey Contracting, LLC is a commercial construction company in Oklahoma City, Oklahoma, in business since 1999. It is owned by Brandon Downey and Larry Downey (Founders). Its estimated annual revenue is about $86.6M, with roughly $3.8M of EBITDA. It has about 93 employees. Its estimated business value is $15.7M (likely range $8.3M–$21.5M).
Common questions
- Who owns Downey Contracting, LLC?
- Downey Contracting, LLC is owned by Brandon Downey and Larry Downey (Founders), according to public sources such as the company's website or filings.
- How much revenue does Downey Contracting, LLC make?
- SeeBITDA estimates Downey Contracting, LLC's annual revenue at about $86.6M (likely between $57.0M and $98.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Downey Contracting, LLC worth?
- About $15.7M, roughly 4.1× its estimated EBITDA of $3.8M, typical for a commercial construction company its size. Likely range: $8.3M–$21.5M.
- How many employees does Downey Contracting, LLC have?
- About 93, from its 2024 retirement-plan filing.
- When was Downey Contracting, LLC founded?
- Downey Contracting, LLC has been in business since 1999.
- Is Downey Contracting, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 27 years (since 1999); founder still runs it after 27 years.