Evans Enterprises, Inc.
How we got $129.8M
Based on its 305 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $258K
- Federal Aviation Administration · federal contracts $129K
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EVANS ENTERPRISES, INC. this business | $184.1M | — |
| SOUTHWEST ELECTRIC CO. Oklahoma City · 223 employees | $146.7M | 7.8 mi |
| RIGID AUTOMATION Norman · 7 employees | $4.4M | 8.4 mi |
| ALL STATE ELECTRIC MOTORS Oklahoma City · 9 employees | $2.9M | 12.6 mi |
| BOOMER DIESEL GENERATOR LLC Oklahoma City · 7 employees | $2.5M | 12.8 mi |
| BRANSON ELECTRIC LLC Maud · 1 employees | $1.4M | 35.6 mi |
The full calculation
| Employees reported to the SBA | 305 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $145.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $179.2M |
| Estimate: the two combined (geometric mean) | $184.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $16.4M |
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 | $129.8M |
| Multiple for this size and industry | 7.9× |
| Value range | $68.3M – $177.5M |
| Revenue range | $121.1M – $209.9M |
| EBITDA range | $10.8M – $18.7M |
| Industry (NAICS) | Motor and Generator Manufacturing (335312) |
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
Leadership
- DED. EvansChief Financial Officer · From a web search · source
Advisors
- BankingBank 7PPP / 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
| Bank 7 PPP 2020 | All 400 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $4.5M | 305 |
3 locations
| 6707 N. Interstate Drive | Norman | This listing |
| 4752 Hunt St | Pryor | View |
| 2002 Southwest Blvd | 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 Evans Enterprises, Inc.
Evans Enterprises, Inc. is a motor and generator manufacturing company in Norman, Oklahoma, in business since 1999. It is owned by Evan Thrash (President). Its estimated annual revenue is about $184.1M, with roughly $16.4M of EBITDA. It has about 305 employees. Its estimated business value is $129.8M (likely range $68.3M–$177.5M). It has 3 locations.
Common questions
- Who owns Evans Enterprises, Inc.?
- Evans Enterprises, Inc. is owned by Evan Thrash (President), according to public sources such as the company's website or filings.
- How much revenue does Evans Enterprises, Inc. make?
- SeeBITDA estimates Evans Enterprises, Inc.'s annual revenue at about $184.1M (likely between $121.1M and $209.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Evans Enterprises, Inc. worth?
- About $129.8M, roughly 7.9× its estimated EBITDA of $16.4M, typical for a motor and generator manufacturing company its size. Likely range: $68.3M–$177.5M.
- How many employees does Evans Enterprises, Inc. have?
- About 305, as reported on its PPP loan.
- When was Evans Enterprises, Inc. founded?
- Evans Enterprises, Inc. has been in business since 1999.