Hicorp, Inc
How we got $7.0M
Based on 33 employees on its 2025 401(k) filing.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
HiCORP Inc. is a Tulsa, OK company offering point of purchase, promotional products and warehouse fulfillment services, serving national retailers, manufacturers, direct marketing firms and smaller companies.
From the company's website. Industry: Marketing & advertising.
Customers & suppliers
Customers
- QuikTrip Corporation · named on its website
- GameStop · named on its website
- Phillips 66 · named on its website
- 7-Eleven · named on its website
- Ace Cash Express · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Laredo Petroleum · Tulsa, 7 mi · $1.95B
- Aaon, Inc. · Tulsa, 8 mi · $1.44B
- Integrated Service Co Llc · Tulsa, 7 mi · $1.21B
- NORDAM Nacelle & Thrust Reverser Division · Tulsa, 11 mi · $951.2M
- Webco Industries, Inc · Sand Springs, 13 mi · $870.6M
Estimated value over time
▲ 47% 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
▲ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 28 | $5.6M |
| 2020 | Form 5500 | 26 | $5.2M |
| 2021 | Form 5500 | 28 | $5.6M |
| 2022 | Form 5500 | 31 | $6.2M |
| 2023 | Form 5500 | 35 | $7.0M |
| 2024 | Form 5500 | 32 | $6.4M |
| 2025 | Form 5500 | 33 | $6.6M |
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 |
|---|---|---|
| HICORP, INC this business | $11.6M | — |
| PC PROMOTIONS Tulsa · 5 employees | $1.1M | 0.2 mi |
| JOEL A CUNNINGHAM INC Tulsa · 5 employees | $1.9M | 0.2 mi |
| LAUER CINEMATOGRAPHY LTD. Tulsa · 1 employees | $260K | 0.6 mi |
| BIG TIME BILLBOARDS, LLC Tulsa · 3 employees | $1.1M | 0.6 mi |
| COSEC INTERNATIONAL INC Tulsa · 6 employees | $1.6M | 0.9 mi |
| CROSSROADS COMMUNICATIONS, LLC Tulsa · 7 employees | $1.5M | 1.7 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $7.0M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.5M – $12.6M |
| Employees in its retirement plan (2025 Form 5500) | 33 |
| Industry revenue per employee | $200K |
| Revenue = employees × revenue per employee | $11.6M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.6M |
| For comparison: employees reported for PPP (2020) | 28 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $9.3M – $17.5M |
| EBITDA range | $1.2M – $2.3M |
| Industry (NAICS) | Other Services Related to Advertising (541890) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
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, PPP 2021 | 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 |
|---|---|---|---|
| 4/7/2020 | first | $375K | 28 |
| 2/20/2021 | second | $375K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hicorp, Inc
Hicorp, Inc is a marketing & advertising company in Tulsa, Oklahoma, in business since 1997. It is owned by Chet Cadieux (CEO). Its estimated annual revenue is about $11.6M, with roughly $1.6M of EBITDA. It has about 33 employees. Its estimated business value is $7.0M (likely range $4.5M–$12.6M).
Common questions
- Who owns Hicorp, Inc?
- Hicorp, Inc is owned by Chet Cadieux (CEO), according to public sources such as the company's website or filings.
- How much revenue does Hicorp, Inc make?
- SeeBITDA estimates Hicorp, Inc's annual revenue at about $11.6M (likely between $9.3M and $17.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hicorp, Inc worth?
- About $7.0M, roughly 4.5× its estimated EBITDA of $1.6M, typical for a marketing & advertising company its size. Likely range: $4.5M–$12.6M.
- How many employees does Hicorp, Inc have?
- About 33, from its 2025 retirement-plan filing.
- When was Hicorp, Inc founded?
- Hicorp, Inc has been in business since 1997.