Harp Services, Inc
How we got $9.3M
Based on its 20 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 44 years (since 1982)
From public records and the company's website, not a statement that it's for sale.
What they do
Harp Services, Inc. is a Tulsa-area electrical, plumbing, and heating and air conditioning company serving homes and businesses since 1982.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Customers
- Tulsa Hand and Physical Therapy · named on its website
Suppliers & brands
- Carrier · brand it sells or installs
Estimated value over time
▲ 30% 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
▲ 15% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 20 | $3.6M |
| 2020 | Form 5500 | 20 | $3.6M |
| 2021 | Form 5500 | 23 | $4.1M |
| 2022 | Form 5500 | 21 | $3.8M |
| 2023 | Form 5500 | 20 | $3.6M |
| 2024 | Form 5500 | 25 | $4.5M |
| 2025 | Form 5500 | 23 | $4.1M |
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 |
|---|---|---|
| HARP SERVICES, INC this business | $7.2M | — |
| Allstate Insurance: Darren Barker Tulsa | $806K | 1.1 mi |
| Dena Nicholas Insurance Agency Tulsa | $806K | 1.6 mi |
| GENERATIONS INSURANCE SOLUTIONS, LLC Tulsa · 1 employees | $204K | 2.3 mi |
| HALL INSURANCE SOLUTIONS Tulsa · 5 employees | $1.0M | 2.5 mi |
| CHARLES G HARRIS INSURANCE AGENCY, INC. Tulsa · 3 employees | $792K | 2.6 mi |
| Farmers Insurance - Troy Blankenship Tulsa | $806K | 2.6 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.3M |
| Estimate: the two combined (geometric mean) | $7.2M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $1.7M |
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 | $9.3M |
| Multiple for this size and industry | 5.4× |
| Value range | $4.9M – $12.7M |
| Revenue range | $4.8M – $8.2M |
| EBITDA range | $1.1M – $2.0M |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
“Blair and Ruth Ann Harp founded the company in 1982 with one objective in mind: treating customers the way they wish to be treated when they are the customer.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $322K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Harp Services, Inc
Harp Services, Inc is an insurance agencies company in Tulsa, Oklahoma, in business since 1982. Its estimated annual revenue is about $7.2M, with roughly $1.7M of EBITDA. It has about 23 employees. Its estimated business value is $9.3M (likely range $4.9M–$12.7M).
Common questions
- Who owns Harp Services, Inc?
- The owner of Harp Services, 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 Harp Services, Inc make?
- SeeBITDA estimates Harp Services, Inc's annual revenue at about $7.2M (likely between $4.8M and $8.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Harp Services, Inc worth?
- About $9.3M, roughly 5.4× its estimated EBITDA of $1.7M, typical for a insurance agencies company its size. Likely range: $4.9M–$12.7M.
- How many employees does Harp Services, Inc have?
- About 23, from its 2025 retirement-plan filing.
- When was Harp Services, Inc founded?
- Harp Services, Inc has been in business since 1982.