Houston Electric Inc
How we got $5.3M
Based on its 42 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 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Houston Electric Inc. is an electrical contractor in Oklahoma offering commercial, industrial, oilfield, automation, and overhead and underground electrical services. It serves businesses and industries across Oklahoma.
From the company's website. Industry: Electricians.
Customers & suppliers
Customers
- Covington Douglas Public Schools · named on its website
- Garber Public Schools · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 57 mi · $339.5M
- STILLWATER DESIGNS AND AUDIO, INC. · Stillwater, 34 mi · $164.6M
- PARRISH ENTERPRISES, LTD. · Enid, 15 mi · $138.1M
- DRISCO, L.L.C. · Ponca City, 30 mi · $115.8M
- MERTZ MANUFACTURING, INC. · Ponca City, 33 mi · $110.2M
- GULFPORT ENERGY CORPORATION · Oklahoma City, 57 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 57 mi · $1.18B
- CANVAS ENERGY LLC · Oklahoma City, 57 mi · $333.4M
- KIRKPATRICK OIL COMPANY, INC. · Oklahoma City, 61 mi · $157.6M
- MARSAU ENTERPRISES, INC. · Enid, 14 mi · $144.3M
Estimated value over time
▲ 22% 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 |
|---|---|---|
| HOUSTON ELECTRIC INC this business | $16.9M | — |
| SMALL TOWN ELECTRIC LLC Garber · 1 employees | $292K | 0.6 mi |
| DENSE ENTERPRISES, LLC DBA DENSE MECHANICAL Enid | $12.6M | 11.8 mi |
| K& S PUMPING UNIT REPAIR, INC Enid · 12 employees | $4.8M | 12.1 mi |
| LLOYDS HEAT & AIR INC Enid · 2 employees | $740K | 14.1 mi |
| Lloyd'sHeat and Air Inc Enid | $1.8M | 14.1 mi |
| CONRADY ELECTRIC OKLAHOMA LLC Enid · 3 employees | $876K | 14.8 mi |
The full calculation
| Employees reported to the SBA | 42 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $18.2M |
| Estimate: the two combined (geometric mean) | $16.9M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.8M – $7.2M |
| Revenue range | $11.1M – $19.3M |
| EBITDA range | $967K – $1.7M |
| 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
“Founded over 30 years ago, Houston Electric Inc. began as a small, family-run business with a vision to offer unparalleled electrical services.”
Leadership
- MCMichael CraftOperations Manager · Company website · source
- JAJosh AndersonOperations Manager · Company website · source
Advisors
- BankingACB BankPPP / 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
| ACB Bank PPP 2020, PPP 2021 | All 79 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $674K | 42 |
| 1/21/2021 | second | $394K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Houston Electric Inc
Houston Electric Inc is a family-owned electricians company in Garber, Oklahoma, in business since 2004. It is owned by Kris Krout (President). Its estimated annual revenue is about $16.9M, with roughly $1.5M of EBITDA. It has about 42 employees. Its estimated business value is $5.3M (likely range $2.8M–$7.2M).
Common questions
- Who owns Houston Electric Inc?
- Houston Electric Inc is owned by Kris Krout (President), according to public sources such as the company's website or filings.
- How much revenue does Houston Electric Inc make?
- SeeBITDA estimates Houston Electric Inc's annual revenue at about $16.9M (likely between $11.1M and $19.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Houston Electric Inc worth?
- About $5.3M, roughly 3.6× its estimated EBITDA of $1.5M, typical for a electricians company its size. Likely range: $2.8M–$7.2M.
- How many employees does Houston Electric Inc have?
- About 42, as reported on its PPP loan.
- When was Houston Electric Inc founded?
- Houston Electric Inc has been in business since 2004.