Evans & Associates Construction Co., Inc
How we got $24.6M
Based on its 34 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 34% 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.
What we know
Signs of a sale Likely to sell
- In business 66 years (since 1960)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Evans & Associates is a multi-generational Oklahoma company engaged in asphalt production and placement, concrete production and delivery, transportation services, and utility placement and construction. Its utility subsidiary does pipeline construction and is a subcontractor for Oklahoma Natural Gas.
From the company's website. Industry: Construction Sand and Gravel Mining.
Customers & suppliers
Customers
- Oklahoma Natural Gas · named on its website
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EVANS & ASSOCIATES CONSTRUCTION CO., INC this business | $19.7M | — |
| BURBANK MATERIALS LLP Pawhuska · 10 employees | $4.9M | 40.8 mi |
| STEWART STONE, INC. Stillwater · 21 employees | $12.9M | 42.4 mi |
| STILLWATER SAND & GRAVEL CO. Stillwater · 5 employees | $2.4M | 46.6 mi |
| Tri Sand Inc Enid | $4.9M | 48.5 mi |
| Dolese Enid Stone Yard Enid | $4.9M | 53.9 mi |
| STEWART STONE INC Cushing · 43 employees | $20.4M | 55.4 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.3M |
| Estimate: the two combined (geometric mean) | $19.7M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.5M |
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 | $24.6M |
| Multiple for this size and industry | 5.5× |
| Value range | $13.0M – $33.7M |
| Revenue range | $13.0M – $22.5M |
| EBITDA range | $2.9M – $5.1M |
| Industry (NAICS) | Construction Sand and Gravel Mining (212321) |
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
History & advisors
“Founded on April 15, 1960, Evans & Associates has consistently maintained a multi-generational reputation in the construction industry for producing quality products and providing exceptional service.”
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $512K | 34 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Evans & Associates Construction Co., Inc
Evans & Associates Construction Co., Inc is a construction sand and gravel mining company in Ponca City, Oklahoma, in business since 1960. It is owned by Lee Evans (CEO). Its estimated annual revenue is about $19.7M, with roughly $4.5M of EBITDA. It has about 34 employees. Its estimated business value is $24.6M (likely range $13.0M–$33.7M).
Common questions
- Who owns Evans & Associates Construction Co., Inc?
- Evans & Associates Construction Co., Inc is owned by Lee Evans (CEO), according to public sources such as the company's website or filings.
- How much revenue does Evans & Associates Construction Co., Inc make?
- SeeBITDA estimates Evans & Associates Construction Co., Inc's annual revenue at about $19.7M (likely between $13.0M and $22.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Evans & Associates Construction Co., Inc worth?
- About $24.6M, roughly 5.5× its estimated EBITDA of $4.5M, typical for a construction sand and gravel mining company its size. Likely range: $13.0M–$33.7M.
- How many employees does Evans & Associates Construction Co., Inc have?
- About 34, as reported on its PPP loan.
- When was Evans & Associates Construction Co., Inc founded?
- Evans & Associates Construction Co., Inc has been in business since 1960.
- Is Evans & Associates Construction Co., Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 66 years (since 1960); no family successor named on its website.