Empire Fence Co. Inc.
How we got $4.9M
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 Some signs of a sale
- In business 71 years (since 1955)
From public records and the company's website, not a statement that it's for sale.
What they do
Empire Fence Co. is a Tulsa fence company offering residential and commercial fencing installation and repair, in business since 1955. It serves homeowners and commercial property owners in Tulsa and northeast Oklahoma.
From the company's website. Industry: Fencing, siding & exterior.
Estimated value over time
▲ 23% 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 |
|---|---|---|
| EMPIRE FENCE CO. INC. this business | $16.6M | — |
| ARROW FENCE COMPANY Tulsa · 14 employees | $3.5M | 0.1 mi |
| TOTAL PLUMBING & DRAIN SERVICE, INC. Tulsa · 7 employees | $1.8M | 0.3 mi |
| PROCRAFT MASONRY, LLC Tulsa · 15 employees | $7.3M | 0.7 mi |
| TEXOMA TRACTOR, LLC Tulsa · 22 employees | $8.4M | 1.3 mi |
| DT SPECIALIZED SERVICES, INC. Tulsa · 33 employees | $15.6M | 1.3 mi |
| MESSER CONSTRUCTION, INC. Tulsa · 10 employees | $2.7M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.4M |
| Estimate: the two combined (geometric mean) | $16.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.4M |
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 | $4.9M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.6M – $6.7M |
| Revenue range | $10.9M – $18.9M |
| EBITDA range | $947K – $1.6M |
| Industry (NAICS) | All Other Specialty Trade Contractors (238990) |
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
“Empire Fence began in 1955 when founder Bob Richison set out to build a fence company rooted in integrity, hard work, and genuine relationships.”
Advisors
- BankingSecurity 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
| Security Bank PPP 2020 | All 617 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 | $454K | 34 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Empire Fence Co. Inc.
Empire Fence Co. Inc. is a fencing, siding & exterior company in Tulsa, Oklahoma, in business since 1955. It is owned by Nathan Nelson (CEO). Its estimated annual revenue is about $16.6M, with roughly $1.4M of EBITDA. It has about 34 employees. Its estimated business value is $4.9M (likely range $2.6M–$6.7M).
Common questions
- Who owns Empire Fence Co. Inc.?
- Empire Fence Co. Inc. is owned by Nathan Nelson (CEO), according to public sources such as the company's website or filings.
- How much revenue does Empire Fence Co. Inc. make?
- SeeBITDA estimates Empire Fence Co. Inc.'s annual revenue at about $16.6M (likely between $10.9M and $18.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Empire Fence Co. Inc. worth?
- About $4.9M, roughly 3.4× its estimated EBITDA of $1.4M, typical for a fencing, siding & exterior company its size. Likely range: $2.6M–$6.7M.
- How many employees does Empire Fence Co. Inc. have?
- About 34, as reported on its PPP loan.
- When was Empire Fence Co. Inc. founded?
- Empire Fence Co. Inc. has been in business since 1955.