Holloway Updike and Bellen Inc
How we got $6.9M
Based on 40 employees on its 2025 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 55 years (since 1971)
- Founder still runs it after 55 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
Holloway, Updike and Bellen, Inc. (HUB) is a consulting engineering firm offering surveying, transportation and stormwater, water and wastewater, and construction administration services.
From the company's website. Industry: Engineering & architecture.
Estimated value over time
▲ 61% 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
▲ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $6.8M |
| 2020 | Form 5500 | 28 | $6.1M |
| 2021 | Form 5500 | 28 | $6.1M |
| 2022 | Form 5500 | 27 | $5.9M |
| 2023 | Form 5500 | 33 | $7.2M |
| 2024 | Form 5500 | 33 | $7.2M |
| 2025 | Form 5500 | 40 | $8.7M |
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 |
|---|---|---|
| HOLLOWAY UPDIKE AND BELLEN INC this business | $9.2M | — |
| STP SOLUTIONS, INC Muskogee · 10 employees | $2.8M | 0.4 mi |
| HOME TURF OF MUSKOGEE LLC Muskogee · 5 employees | $678K | 0.5 mi |
| Pete's Machine Shop & Engine Muskogee | $929K | 0.6 mi |
| Edwards Electronics Muskogee | $929K | 0.9 mi |
| MARTIN DESIGN, LLC Muskogee · 1 employees | $226K | 0.9 mi |
| Computer Doctor Muskogee | $929K | 1.0 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 | $6.9M |
| Multiple for this size and industry | 5.2× |
| Value range | $4.4M – $12.4M |
| Employees in its retirement plan (2025 Form 5500) | 40 |
| Industry revenue per employee | $219K |
| Revenue = employees × revenue per employee | $9.2M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $1.3M |
| For comparison: employees reported for PPP (2020) | 31 |
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 | $7.3M – $13.7M |
| EBITDA range | $1.1M – $2.0M |
| Industry (NAICS) | Engineering Services (541330) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Founded in 1971 by Max Holloway, Holloway Engineering was created as a firm focused on providing water and waste water design solutions to the state of Oklahoma.”
Leadership
- STStephen TolarPresident · Company website · source
- JUJay UpdikeVice-President · Company website · source
- GAGreg ArmstrongVice-President · Company website · source
- WSWes StewartPrincipal · Company website · source
- DSDale SeatonPrincipal · Company website · source
- JRJason RayPrincipal · Company website · source
- SSSam StrattonProject Engineer · Company website · source
- CCCharles ChastainDirector of Surveying · Company website · source
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 |
|---|---|---|---|
| 4/11/2020 | first | $530K | 31 |
3 locations
| 818 Eastside Blvd | Muskogee | This listing |
| 2001 N Willow Ave | Broken Arrow | View |
| 905 S 9th St | Broken Arrow | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Holloway Updike and Bellen Inc
Holloway Updike and Bellen Inc is an engineering & architecture company in Muskogee, Oklahoma, in business since 1971. It is owned by Max Holloway (Founder). Its estimated annual revenue is about $9.2M, with roughly $1.3M of EBITDA. It has about 40 employees. Its estimated business value is $6.9M (likely range $4.4M–$12.4M). It has 3 locations.
Common questions
- Who owns Holloway Updike and Bellen Inc?
- Holloway Updike and Bellen Inc is owned by Max Holloway (Founder), according to public sources such as the company's website or filings.
- How much revenue does Holloway Updike and Bellen Inc make?
- SeeBITDA estimates Holloway Updike and Bellen Inc's annual revenue at about $9.2M (likely between $7.3M and $13.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Holloway Updike and Bellen Inc worth?
- About $6.9M, roughly 5.2× its estimated EBITDA of $1.3M, typical for a engineering & architecture company its size. Likely range: $4.4M–$12.4M.
- How many employees does Holloway Updike and Bellen Inc have?
- About 40, from its 2025 retirement-plan filing.
- When was Holloway Updike and Bellen Inc founded?
- Holloway Updike and Bellen Inc has been in business since 1971.
- Is Holloway Updike and Bellen Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 55 years (since 1971); founder still runs it after 55 years; no family successor named on its website.