Evco Service Co., Inc.
How we got $6.4M
Based on its 34 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 18% 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
▼ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 34 | $8.2M |
| 2020 | Form 5500 | 27 | $6.5M |
| 2021 | Form 5500 | 26 | $6.3M |
| 2022 | Form 5500 | 23 | $5.5M |
| 2023 | Form 5500 | 23 | $5.5M |
| 2024 | Form 5500 | 25 | $6.0M |
| 2025 | Form 5500 | 28 | $6.7M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EVCO SERVICE CO., INC. this business | $14.2M | — |
| ICE MACHINES PLUS Tuttle · 1 employees | $516K | 4.6 mi |
| LARRY'S ENGINE SERVICE, L.L.C. Tuttle · 1 employees | $437K | 9.3 mi |
| HULL MACHINE TOOLS, INC. Tuttle · 2 employees | $532K | 9.6 mi |
| Morrison Propane Minco | $1.7M | 10.0 mi |
| SANDERS AIRMOTIVE INC Mustang · 1 employees | $362K | 11.2 mi |
| C&D LIFT, LLC Minco · 3 employees | $1.0M | 11.3 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.7M |
| Estimate: the two combined (geometric mean) | $14.2M |
| EBITDA margin (industry, adjusted for size) | 10% |
| 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 | $6.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.4M – $8.7M |
| Revenue range | $9.3M – $16.2M |
| EBITDA range | $935K – $1.6M |
| Industry (NAICS) | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310) |
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
Advisors
- BankingThe First National Bank and Trust Co, Chickasha, OklahomaPPP / 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
| The First National Bank and Trust Co, Chickasha, Oklahoma PPP 2020, PPP 2021 | All 478 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $374K | 34 |
| 3/30/2021 | second | $374K | 27 |
About Evco Service Co., Inc.
Evco Service Co., Inc. is a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company in Tuttle, Oklahoma. Its estimated annual revenue is about $14.2M, with roughly $1.4M of EBITDA. It has about 28 employees. Its estimated business value is $6.4M (likely range $3.4M–$8.7M).
Common questions
- Who owns Evco Service Co., Inc.?
- The owner of Evco Service Co., Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Evco Service Co., Inc. make?
- SeeBITDA estimates Evco Service Co., Inc.'s annual revenue at about $14.2M (likely between $9.3M and $16.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Evco Service Co., Inc. worth?
- About $6.4M, roughly 4.5× its estimated EBITDA of $1.4M, typical for a commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance company its size. Likely range: $3.4M–$8.7M.
- How many employees does Evco Service Co., Inc. have?
- About 28, from its 2025 retirement-plan filing.