Dunlap Codding, P.C.
How we got $5.6M
Based on its 34 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 69 years (since 1957)
- No family successor named on its website
- Headcount down 29% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Dunlap Codding, P.C. is an intellectual property law firm with offices in Austin, Oklahoma City, and Washington, D.C., serving sophisticated international, national, and regional clients in patent, trademark, copyright, and entertainment law, plus related litigation and licensing.
From the company's website. Industry: Law firms.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- RGCE LLC · Oklahoma City, 4 mi · $42.0M
- DELCO ELECTRIC, INC. · Oklahoma City, 10 mi · $41.3M
- BAKER BROTHERS ELECTRIC, INC. · Moore, 11 mi · $39.9M
- DANE & ASSOCIATES ELECTRIC CO. INC. · Oklahoma City, 5 mi · $35.9M
- PATCO ELECTRICAL SERVICES, INC. · Oklahoma City, 3 mi · $30.9M
Estimated value over time
▲ 26% 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
▼ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 34 | $9.4M |
| 2020 | Form 5500 | 33 | $9.2M |
| 2021 | Form 5500 | 32 | $8.9M |
| 2022 | Form 5500 | 34 | $9.4M |
| 2023 | Form 5500 | 28 | $7.8M |
| 2024 | Form 5500 | 24 | $6.7M |
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 |
|---|---|---|
| DUNLAP CODDING, P.C. this business | $11.4M | — |
| HOLLY HEFTON, P.C. Oklahoma City · 3 employees | $1.1M | 0.0 mi |
| HUNSUCKER LEGAL GROUP, PC Oklahoma City · 8 employees | $2.3M | 0.0 mi |
| Oklahoma Driver's License Attorney Oklahoma City | $942K | 0.1 mi |
| BC Counselors at Law, PLLC Oklahoma City | $942K | 0.1 mi |
| Radford Law Oklahoma City | $942K | 0.1 mi |
| Oberheiden P.C. Oklahoma City | $942K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.0M |
| Estimate: the two combined (geometric mean) | $11.4M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $1.6M |
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 | $5.6M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.9M – $7.6M |
| Revenue range | $7.5M – $13.0M |
| EBITDA range | $1.1M – $1.9M |
| Industry (NAICS) | Offices of Lawyers (541110) |
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
Leadership
- MAMarc A. BrockhausLeader of Electrical Engineering & Systems group · Company website · source
- DJDouglas J. SoroccoDirector · Company website · source
Advisors
- BankingSimmons 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
| Simmons Bank PPP 2020 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $491K | 34 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Dunlap Codding, P.C.
Dunlap Codding, P.C. is a law firms company in Oklahoma City, Oklahoma, in business since 1957. It is owned by Nicholas D. Rouse (Managing Shareholder). Its estimated annual revenue is about $11.4M, with roughly $1.6M of EBITDA. It has about 24 employees. Its estimated business value is $5.6M (likely range $2.9M–$7.6M).
Common questions
- Who owns Dunlap Codding, P.C.?
- Dunlap Codding, P.C. is owned by Nicholas D. Rouse (Managing Shareholder), according to public sources such as the company's website or filings.
- How much revenue does Dunlap Codding, P.C. make?
- SeeBITDA estimates Dunlap Codding, P.C.'s annual revenue at about $11.4M (likely between $7.5M and $13.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Dunlap Codding, P.C. worth?
- About $5.6M, roughly 3.4× its estimated EBITDA of $1.6M, typical for a law firms company its size. Likely range: $2.9M–$7.6M.
- How many employees does Dunlap Codding, P.C. have?
- About 24, from its 2024 retirement-plan filing.
- When was Dunlap Codding, P.C. founded?
- Dunlap Codding, P.C. has been in business since 1957.
- Is Dunlap Codding, P.C. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 69 years (since 1957); no family successor named on its website; headcount down 29% since 2022 (retirement plan filings).