Harmon's Electric I
How we got $1.6M
Based on its 23 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 42 years (since 1984)
- Founder still runs it after 42 years
- 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
Harmon's Electric, Inc. is a family-owned and operated electrical contractor in Enid, Oklahoma, founded in 1984, providing electrical services to the oilfield, commercial, industrial, and residential sectors.
From the company's website. Industry: Electricians.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 57 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 57 mi · $1.18B
- CANVAS ENERGY LLC · Oklahoma City, 56 mi · $272.3M
- Ascent Resources · Oklahoma City, 62 mi · $183.1M
- JMA ENERGY COMPANY, LLC · Oklahoma City, 63 mi · $155.6M
Estimated value over time
▲ 16% since 2021Today'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 |
|---|---|---|
| HARMON'S ELECTRIC I this business | $5.0M | — |
| HARMON'S ELECTRIC, INC. Enid · 17 employees | $3.5M | 0.0 mi |
| ML ENTERPRISES INC. Enid · 5 employees | $1.0M | 0.0 mi |
| Dieterle Plumbing & Heating Enid | $1.9M | 0.1 mi |
| Rogers Supply Co Enid | $937K | 0.1 mi |
| MONKEY WRENCH PLUMBING LLC Enid · 27 employees | $6.1M | 0.3 mi |
| DRUSE COMPANY Enid · 2 employees | $317K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.0M |
| Estimate: the two combined (geometric mean) | $5.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $525K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 2% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $1.6M |
| Multiple for this size and industry | 3× |
| Value range | $945K – $2.5M |
| Revenue range | $3.7M – $6.4M |
| EBITDA range | $394K – $682K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
“Harmon's Electric, Inc. founded by Master Electrician Ernie Harmon, built on a foundation of integrity, safety, and a commitment to excellence.”
Leadership
- THTyler HarmonPresident · Company website · source
- JBJennifer BaumanVice President / Treasurer · Company website · source
- LBLindsay BlunckOffice Manager · Company website · source
Advisors
- BankingStride Bank, National AssociationPPP / 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
| Stride Bank, National Association PPP 2021 | All 504 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/27/2021 | second | $246K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Harmon's Electric I
Harmon's Electric I is a family-owned electricians company in Enid, Oklahoma, in business since 1984. It is owned by Master Electrician Ernie (Founder). Its estimated annual revenue is about $5.0M, with roughly $525K of EBITDA. It has about 23 employees. Its estimated business value is $1.6M (likely range $945K–$2.5M).
Common questions
- Who owns Harmon's Electric I?
- Harmon's Electric I is owned by Master Electrician Ernie (Founder), according to public sources such as the company's website or filings.
- How much revenue does Harmon's Electric I make?
- SeeBITDA estimates Harmon's Electric I's annual revenue at about $5.0M (likely between $3.7M and $6.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Harmon's Electric I worth?
- About $1.6M, roughly 3× its estimated EBITDA of $525K, typical for a electricians company its size. Likely range: $945K–$2.5M.
- How many employees does Harmon's Electric I have?
- About 23, as reported on its PPP loan.
- When was Harmon's Electric I founded?
- Harmon's Electric I has been in business since 1984.
- Is Harmon's Electric I for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 42 years (since 1984); founder still runs it after 42 years; no family successor named on its website.