Ellsworth Construction, LLC
How we got $18.6M
Based on its 126 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 52 years (since 1974)
- Founder still runs it after 52 years
- Family in the business (Nathan Ellsworth, CEO)
- Acquired by Construction Partners, Inc. (2026)
From public records and the company's website, not a statement that it's for sale.
What they do
Ellsworth Construction is an Oklahoma-based family-owned and operated company offering road construction and total site solutions. It serves commercial, residential, industrial, governmental and aviation clients.
From the company's website. Industry: Commercial construction.
Ownership & transactions
- Acquired by Construction Partners, Inc. · Jul 2026Construction Partners, Inc. completed its acquisition of Ellsworth Construction, LLC, an asphalt manufacturing and construction business headquartered in Tulsa, Oklahoma.Source
Customers & suppliers
Customers
- Key Construction · named on its website
- Scheels All Sports · named on its website
- Tulsa Premium Outlet · named on its website
- Whiting Turner Construction · named on its website
- Ruhl Construction · named on its website
- Samson · named on its website
- Thompson · named on its website
- John Zink · named on its website
- City of Guymon · 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ELLSWORTH CONSTRUCTION, LLC this business | $102.7M | — |
| RECCER PROPERTIES LLC Tulsa · 1 employees | $388K | 1.2 mi |
| STAVA BUILDING LLC Tulsa · 16 employees | $9.1M | 1.7 mi |
| HOEY CONSTRUCTION CO Tulsa · 15 employees | $8.2M | 2.0 mi |
| FLINT RESOURCES COMPANY, LLC Tulsa | $3.9M | 2.4 mi |
| C C R INC Tulsa · 1 employees | $543K | 2.6 mi |
| KEITH CONSTRUCTION COMPANY, LLC Tulsa · 6 employees | $3.8M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 126 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $128.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $82.3M |
| Estimate: the two combined (geometric mean) | $102.7M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $4.5M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 3% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $18.6M |
| Multiple for this size and industry | 4.1× |
| Value range | $11.2M – $29.0M |
| Revenue range | $77.0M – $133.5M |
| EBITDA range | $3.4M – $5.9M |
| 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
People & advisors
“Robert “Bob” Ellsworth started Ellsworth Construction in Northeastern Oklahoma in 1974.”
Leadership
- NENathan EllsworthCEO · Company website · source
- BEBob EllsworthCHAIRMAN · Company website · source
- JEJason EllsworthCOO · Company website · source
- MSMarcus SparlingPRESIDENT, Tulsa · Company website · source
- TLTim LundayPresident, OKC · Company website · source
- MHMarcus HuckCFO · Company website · source
- SJSusan JohnsonVICE PRESIDENT, HUMAN RESOURCES · Company website · source
- KCKris CagleVICE PRESIDENT, ELLSWORTH TRUCKING · Company website · source
- JSJusten SchererVICE PRESIDENT, FLEET · Company website · source
- TQTim QuattrocchiVice President of Commercial Asphalt · Company website · source
- JSJackie SmithDirector of Project Management · Company website · source
Advisors
- BankingCrossFirst 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
| CrossFirst Bank PPP 2020, PPP 2021 | All 299 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $1.2M | 120 |
| 1/21/2021 | second | $1.2M | 126 |
2 locations
| 5141 S 24TH WEST AVE | Tulsa | This listing |
| 1209 S Frankfort Ave | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ellsworth Construction, LLC
Ellsworth Construction, LLC is a family-owned commercial construction company in Tulsa, Oklahoma, in business since 1974. It is owned by Robert “Bob” Ellsworth (Founder). Its estimated annual revenue is about $102.7M, with roughly $4.5M of EBITDA. It has about 126 employees. Its estimated business value is $18.6M (likely range $11.2M–$29.0M). It has 2 locations.
Common questions
- Who owns Ellsworth Construction, LLC?
- Ellsworth Construction, LLC is owned by Robert “Bob” Ellsworth (Founder), according to public sources such as the company's website or filings.
- How much revenue does Ellsworth Construction, LLC make?
- SeeBITDA estimates Ellsworth Construction, LLC's annual revenue at about $102.7M (likely between $77.0M and $133.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ellsworth Construction, LLC worth?
- About $18.6M, roughly 4.1× its estimated EBITDA of $4.5M, typical for a commercial construction company its size. Likely range: $11.2M–$29.0M.
- How many employees does Ellsworth Construction, LLC have?
- About 126, as reported on its PPP loan.
- When was Ellsworth Construction, LLC founded?
- Ellsworth Construction, LLC has been in business since 1974.