Glass Operating Group, LLC
How we got $11.2M
Based on its 61 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 38% 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
▼ 36% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 61 | $14.9M |
| 2020 | Form 5500 | 41 | $10.0M |
| 2021 | Form 5500 | 23 | $5.6M |
| 2022 | Form 5500 | 25 | $6.1M |
| 2023 | Form 5500 | 32 | $7.8M |
| 2024 | Form 5500 | 37 | $9.0M |
| 2025 | Form 5500 | 39 | $9.5M |
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 |
|---|---|---|
| GLASS OPERATING GROUP, LLC this business | $22.1M | — |
| PJ BUTLER TRUCKING LLC Newkirk · 2 employees | $686K | 1.1 mi |
| MATCASY TRUCKING INC Newkirk | $932K | 3.7 mi |
| HORINEK ENTERPRISES LLP Newkirk | $1.4M | 3.7 mi |
| BOOMER RANCH LLC Newkirk | $932K | 3.8 mi |
| FORD TANK TRUCKS, LLC Newkirk · 3 employees | $1.9M | 3.9 mi |
| BROWER INC Newkirk | $1.9M | 4.2 mi |
The full calculation
| Employees reported to the SBA | 61 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.0M |
| Estimate: the two combined (geometric mean) | $22.1M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $2.4M |
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 | $11.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $5.9M – $15.4M |
| Revenue range | $14.5M – $25.2M |
| EBITDA range | $1.6M – $2.7M |
| Industry (NAICS) | General Freight Trucking, Long-Distance, Truckload (484121) |
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
Advisors
- BankingAlva State Bank & Trust CompanyPPP / 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
| Alva State Bank & Trust Company PPP 2020 | All 172 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 | $519K | 61 |
About Glass Operating Group, LLC
Glass Operating Group, LLC is a general freight trucking, long-distance, truckload company in Newkirk, Oklahoma. Its estimated annual revenue is about $22.1M, with roughly $2.4M of EBITDA. It has about 39 employees. Its estimated business value is $11.2M (likely range $5.9M–$15.4M).
Common questions
- Who owns Glass Operating Group, LLC?
- The owner of Glass Operating Group, LLC 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 Glass Operating Group, LLC make?
- SeeBITDA estimates Glass Operating Group, LLC's annual revenue at about $22.1M (likely between $14.5M and $25.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Glass Operating Group, LLC worth?
- About $11.2M, roughly 4.7× its estimated EBITDA of $2.4M, typical for a general freight trucking, long-distance, truckload company its size. Likely range: $5.9M–$15.4M.
- How many employees does Glass Operating Group, LLC have?
- About 39, from its 2025 retirement-plan filing.