SeeBITDAOklahoma
Estimated valueMedium confidence
$2.0M
$1.0Mlikely range$2.7M
About 2.8× its yearly profit, typical for a company this size in its industry.
Revenue
$6.6M
a year
Profit (EBITDA)
$702K
11% of revenue
Employees
20
reported in 2020
Leadership
Jeff Ray
CEO · source · confirmed by 2 sources
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $2.0M

Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.

20 employees × $379K each$7.6M
PPP payroll ÷ payroll's usual share of revenue$4.5M
Shown toward the top of its range×1.14
Revenue$6.6M
× 11% profit margin$702K
× 2.8 sale multiple = value$2.0M

· Own this business? Correct these figures

Estimated value over time

▲ 23% since 2020
$0$1.1M$2.3M20202026

Today'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

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

What they do

Hadrian Fence, LLC is a Claremore, Oklahoma fence company providing commercial, municipal and residential fencing, growing into a multi-state perimeter security company.

Products & services
Perimeter SecurityTemporary FenceGate AutomationNew Residential InstallCommercial and industrial fencingAccess control
Markets served
CommercialMunicipalResidentialUtility/IndustrialTribalSports/LeisureEquine/Ranch
Service area
OklahomaGreen Country OklahomaFive-state regional footprintTexasKansas
Certifications
2026 ABC Excellence in Construction Winner: Specialty Construction

From the company's website. Industry: Fencing, siding & exterior.

Customers & suppliers

Customers

  • Scissortail · named on its website
  • TRA Tarrant County WSP · named on its website
  • SH-66 Bridge · named on its website
  • Collinsville Cemetery · named on its website
  • Hamby Lynch Safety Complex · named on its website
  • Nordam Casting Facility · named on its website
  • Invenergy Pixley Solar · named on its website
  • Ramona Mainspring Station · named on its website
  • Cherokee Nation EMS Facility · named on its website
  • Cherokee Nation Cultural Tourism · named on its website
  • Claremore Indian Hospital · named on its website
  • Senaca Cayuga Early Childhood Development Center · named on its website
  • Osage Nation Childcare Facility · named on its website
  • Sac and Fox Maintenance Building · named on its website
  • Hominy Senior Living · named on its website

Suppliers & brands

  • Ameristar · brand it sells or installs
  • FenceTrac · brand it sells or installs
  • Buckley Fence · brand it sells or installs

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
HADRIAN FENCE, LLC
this business
$6.6M$702K—
HAVA-BLAST DUSTLESS BLASTING LLC
Claremore · 1 employees
$533K$80K1.8 mi
JEFF CAMPBELL CONSTRUCTION LLC
Claremore · 1 employees
$472K$71K2.2 mi
AMERICAN BUILDING CONTRACTORS
Claremore · 3 employees
$1.0M$134K2.5 mi
PATTERSON SWIMMING POOL CONSTRUCTION, INC.
Claremore · 6 employees
$2.3M$266K3.7 mi
ASSET INDUSTRIAL INC
Claremore · 5 employees
$1.9M$220K3.8 mi
KING CONCRETE LLC
Claremore · 6 employees
$1.7M$199K4.3 mi

The full calculation

Employees reported to the SBA20
Revenue from headcount (employees × revenue per employee for companies this size)$7.6M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$4.5M
Estimate: the two combined (geometric mean)$6.6M
EBITDA margin (industry, adjusted for size)11%
EBITDA = revenue × margin$702K

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$2.0M
Multiple for this size and industry2.8×
Value range$1.0M – $2.7M
Revenue range$4.4M – $7.6M
EBITDA range$462K – $801K
Industry (NAICS)All Other Specialty Trade Contractors (238990)

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 2014
“Founded in 2014, Hadrian Fence leads with faith and integrity, ensuring our company vision aligns with daily operations and team development while honoring God in our work.”

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

ApprovedDrawAmountForgivenJobsLender
4/10/2020first$123K$124K20RCB Bank

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Hadrian Fence, LLC

Hadrian Fence, LLC is a fencing, siding & exterior company in Claremore, Oklahoma, in business since 2014. It is owned by Jeff Ray (CEO). Its estimated annual revenue is about $6.6M, with roughly $702K of EBITDA. It has about 20 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).

Common questions

Who owns Hadrian Fence, LLC?
Hadrian Fence, LLC is owned by Jeff Ray (CEO), according to public sources such as the company's website or filings.
How much revenue does Hadrian Fence, LLC make?
SeeBITDA estimates Hadrian Fence, LLC's annual revenue at about $6.6M (likely between $4.4M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Hadrian Fence, LLC worth?
About $2.0M, roughly 2.8× its estimated EBITDA of $702K, typical for a fencing, siding & exterior company its size. Likely range: $1.0M–$2.7M.
How many employees does Hadrian Fence, LLC have?
About 20, as reported on its PPP loan.
When was Hadrian Fence, LLC founded?
Hadrian Fence, LLC has been in business since 2014.