Herring Concrete Construction Co.
How we got $2.8M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▼ 13% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HERRING CONCRETE CONSTRUCTION CO. this business | $1.8M | — |
| C AND L TRUCKING Tecumseh · 1 employees | $2.4M | 8.8 mi |
| AECO SALES & SERVICE, INC. Tecumseh · 11 employees | $4.6M | 9.2 mi |
| DAVIS BULLDOZING SERVICE, INC Norman · 2 employees | $951K | 20.1 mi |
| JP RENTAL LLC Choctaw · 4 employees | $1.5M | 20.7 mi |
| BOB'S VENDING LLC Jones · 1 employees | $305K | 24.1 mi |
| RAYMOND LEE Noble · 1 employees | $837K | 26.4 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 41% |
| EBITDA = revenue × margin | $743K |
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 | $2.8M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.5M – $3.9M |
| Revenue range | $1.2M – $2.1M |
| EBITDA range | $489K – $847K |
| Industry (NAICS) | Other Commercial and Industrial Machinery and Equipment Rental and Leasing (532490) |
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. 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
- BankingFirst United Bank and 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
| First United Bank and Trust Company PPP 2020, PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $35K | 4 |
| 1/27/2021 | second | $31K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Herring Concrete Construction Co.
Herring Concrete Construction Co. is an other commercial and industrial machinery and equipment rental and leasing company in Shawnee, Oklahoma, in business since 2005. Its estimated annual revenue is about $1.8M, with roughly $743K of EBITDA. It has about 5 employees. Its estimated business value is $2.8M (likely range $1.5M–$3.9M).
Common questions
- Who owns Herring Concrete Construction Co.?
- The owner of Herring Concrete Construction Co. 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 Herring Concrete Construction Co. make?
- SeeBITDA estimates Herring Concrete Construction Co.'s annual revenue at about $1.8M (likely between $1.2M and $2.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Herring Concrete Construction Co. worth?
- About $2.8M, roughly 3.8× its estimated EBITDA of $743K, typical for a other commercial and industrial machinery and equipment rental and leasing company its size. Likely range: $1.5M–$3.9M.
- How many employees does Herring Concrete Construction Co. have?
- About 5, as reported on its PPP loan.
- When was Herring Concrete Construction Co. founded?
- Herring Concrete Construction Co. has been in business since 2005.