Ellsworth Electric Inc
- John CastoeGeneral Manager · Company website
- Jennifer EllsworthOffice Manager · Company website
- Miranda McconnellSigns company filings · Form 5500 (2024)
How we got $2.4M
Based on its 26 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 22% 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
▼ 77% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 26 | $5.0M |
| 2020 | Form 5500 | 15 | $2.9M |
| 2021 | Form 5500 | 12 | $2.3M |
| 2022 | Form 5500 | 8 | $1.6M |
| 2023 | Form 5500 | 8 | $1.6M |
| 2024 | Form 5500 | 6 | $1.2M |
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.
What we know
Signs of a sale Likely to sell
- In business 50 years (since 1976)
- Founder still runs it after 50 years
- Family in the business (Jennifer Ellsworth, Office Manager)
- Headcount down 60% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Ellsworth Electric is an experts in commercial and industrial low voltage energy management business that provides electrical services and energy management control systems. It serves commercial and industrial clients.
From the company's website. Industry: Electricians.
Customers & suppliers
Suppliers & brands
- Novar · brand it sells or installs
- Honeywell · brand it sells or installs
- Danfoss · brand it sells or installs
- Emerson Controls · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ELLSWORTH ELECTRIC INC this business | $7.4M | — |
| DeHart Air Conditioning Duncan | $1.9M | 0.5 mi |
| JETT SOLUTIONS, INC Duncan · 41 employees | $13.9M | 1.8 mi |
| HOLLOWAY TECHNICAL SERVICES, LLC Duncan · 3 employees | $1.2M | 2.3 mi |
| SMITH-DRESSLER ELECTRICAL SERVICES, LLC Duncan · 14 employees | $4.6M | 2.5 mi |
| COMFORT KING LLC Marlow · 2 employees | $686K | 3.0 mi |
| CLIMATE CONTROL CO, INC Duncan · 11 employees | $2.9M | 3.6 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.7M |
| Estimate: the two combined (geometric mean) | $7.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $787K |
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 | $2.4M |
| Multiple for this size and industry | 3× |
| Value range | $1.2M – $3.2M |
| Revenue range | $4.9M – $8.5M |
| EBITDA range | $518K – $898K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
Advisors
- BankingFirst Bank and Trust CoPPP / 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
| First Bank and Trust Co PPP 2020, PPP 2021 | All 694 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 | $210K | 26 |
| 1/27/2021 | second | $210K | 26 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ellsworth Electric Inc
Ellsworth Electric Inc is an electricians company in Duncan, Oklahoma, in business since 1976. It is owned by Don Ellsworth (President/CEO). Its estimated annual revenue is about $7.4M, with roughly $787K of EBITDA. It has about 6 employees. Its estimated business value is $2.4M (likely range $1.2M–$3.2M).
Common questions
- Who owns Ellsworth Electric Inc?
- Ellsworth Electric Inc is owned by Don Ellsworth (President/CEO), according to public sources such as the company's website or filings.
- How much revenue does Ellsworth Electric Inc make?
- SeeBITDA estimates Ellsworth Electric Inc's annual revenue at about $7.4M (likely between $4.9M and $8.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ellsworth Electric Inc worth?
- About $2.4M, roughly 3× its estimated EBITDA of $787K, typical for a electricians company its size. Likely range: $1.2M–$3.2M.
- How many employees does Ellsworth Electric Inc have?
- About 6, from its 2024 retirement-plan filing.
- When was Ellsworth Electric Inc founded?
- Ellsworth Electric Inc has been in business since 1976.
- Is Ellsworth Electric Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 50 years (since 1976); founder still runs it after 50 years; family in the business (jennifer ellsworth, office manager).