Evans & Associates Utility Services Inc
How we got $10.6M
Based on its 70 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 4% 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: Oil and Gas Pipeline and Related Structures Construction.
Customers & suppliers
Customers
- Oklahoma Natural Gas · named on its website
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EVANS & ASSOCIATES UTILITY SERVICES INC this business | $26.4M | — |
| CLINTCO LLC Ponca City · 3 employees | $1.5M | 3.0 mi |
| SOBER BROTHERS INC Ponca City · 21 employees | $11.9M | 3.0 mi |
| Matrix Service Catoosa | $2.0M | 4.4 mi |
| MID-CON ENERGY SERVICES INC. Ponca City · 30 employees | $13.8M | 4.7 mi |
| ROPER COMPANY, LLC Fairfax · 4 employees | $1.7M | 23.2 mi |
| Gary May Drilling Inc Perry | $5.8M | 33.8 mi |
The full calculation
| Employees reported to the SBA | 70 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.7M |
| Estimate: the two combined (geometric mean) | $26.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.6M |
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 | $10.6M |
| Multiple for this size and industry | 4.1× |
| Value range | $5.6M – $14.5M |
| Revenue range | $17.4M – $30.1M |
| EBITDA range | $1.7M – $2.9M |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
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
“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 | $817K | 70 |
3 locations
| 3320 N 14th St | Ponca City | This listing |
| 2208 SW F Ave | Lawton | View |
| 315 NW 59th St | Oklahoma City | 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 Evans & Associates Utility Services Inc
Evans & Associates Utility Services Inc is an oil and gas pipeline and related structures construction company in Ponca City, Oklahoma, in business since 1960. It is owned by Lee Evans (CEO). Its estimated annual revenue is about $26.4M, with roughly $2.6M of EBITDA. It has about 70 employees. Its estimated business value is $10.6M (likely range $5.6M–$14.5M). It has 3 locations.
Common questions
- Who owns Evans & Associates Utility Services Inc?
- Evans & Associates Utility Services 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 Utility Services Inc make?
- SeeBITDA estimates Evans & Associates Utility Services Inc's annual revenue at about $26.4M (likely between $17.4M and $30.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Evans & Associates Utility Services Inc worth?
- About $10.6M, roughly 4.1× its estimated EBITDA of $2.6M, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $5.6M–$14.5M.
- How many employees does Evans & Associates Utility Services Inc have?
- About 70, as reported on its PPP loan.
- When was Evans & Associates Utility Services Inc founded?
- Evans & Associates Utility Services Inc has been in business since 1960.
- Is Evans & Associates Utility Services 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.