Dunham's Asphalt Services, Inc.
How we got $9.8M
Based on its 37 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 32 years (since 1994)
From public records and the company's website, not a statement that it's for sale.
What they do
Dunham's Asphalt Services, a CRH Company, provides asphalt paving, asphalt maintenance, sealcoating and striping, and construction services. It serves customers in the Tulsa metro area and Northeast Oklahoma, from subdivisions to highway and commercial projects.
From the company's website. Industry: Highway, Street, and Bridge Construction.
Estimated value over time
▲ 20% 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 |
|---|---|---|
| DUNHAM'S ASPHALT SERVICES, INC. this business | $24.5M | — |
| PBX CORPORATION Tulsa · 30 employees | $16.3M | 2.3 mi |
| PARADIGM CONSTRUCTION & ENGINEERING INC. Sapulpa · 25 employees | $15.4M | 3.4 mi |
| SAPULPA DIGGING, INCORPORATED Sapulpa · 7 employees | $3.5M | 8.0 mi |
| ONEFIRE PAVEMENT SOLUTIONS Jenks · 5 employees | $2.7M | 8.3 mi |
| CONCRETE SOLUTIONS INC Tulsa · 3 employees | $3.0M | 9.4 mi |
| R MILLER & SONS CO Tulsa · 10 employees | $5.2M | 10.0 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.4M |
| Estimate: the two combined (geometric mean) | $24.5M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.4M |
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 | $9.8M |
| Multiple for this size and industry | 4.1× |
| Value range | $5.2M – $13.5M |
| Revenue range | $16.1M – $27.9M |
| EBITDA range | $1.6M – $2.7M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
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
“Since 1994, Dunham's Asphalt Services, a CRH Company, has safely built The Preferred Source of asphalt paving, asphalt maintenance, sealcoating and striping, and construction services and solutions.”
Advisors
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2020 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $579K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Dunham's Asphalt Services, Inc.
Dunham's Asphalt Services, Inc. is a highway, street, and bridge construction company in Sapulpa, Oklahoma, in business since 1994. Its estimated annual revenue is about $24.5M, with roughly $2.4M of EBITDA. It has about 37 employees. Its estimated business value is $9.8M (likely range $5.2M–$13.5M).
Common questions
- Who owns Dunham's Asphalt Services, Inc.?
- The owner of Dunham's Asphalt Services, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Dunham's Asphalt Services, Inc. make?
- SeeBITDA estimates Dunham's Asphalt Services, Inc.'s annual revenue at about $24.5M (likely between $16.1M and $27.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Dunham's Asphalt Services, Inc. worth?
- About $9.8M, roughly 4.1× its estimated EBITDA of $2.4M, typical for a highway, street, and bridge construction company its size. Likely range: $5.2M–$13.5M.
- How many employees does Dunham's Asphalt Services, Inc. have?
- About 37, as reported on its PPP loan.
- When was Dunham's Asphalt Services, Inc. founded?
- Dunham's Asphalt Services, Inc. has been in business since 1994.