Hughes Lumber Company Limited Partnership
How we got $33.5M
Based on its 75 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 101 years (since 1925)
- Family in the business (Bob Hughes, Manager – Tulsa)
From public records and the company's website, not a statement that it's for sale.
What they do
Hughes Lumber is a family-owned lumber yard and building supply company in Oklahoma that has served Oklahomans since 1925, focused on contractors, remodelers, builders and homeowners. It delivers building materials across Oklahoma and offers custom door shop and estimating services.
From the company's website. Industry: Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Marvin · brand it sells or installs
- Windsor · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SIMMONS HOMES, LLC · Owasso, 6 mi · $269.6M
- SHAW HOMES, INC. · Broken Arrow, 13 mi · $240.1M
- IRA M. GREEN CONSTRUCTION COMPANY · Claremore, 13 mi · $93.2M
- FOREST RIDGE DEVELOPMENT · Broken Arrow, 13 mi · $61.7M
- EXECUTIVE HOMES, LLC · Tulsa, 16 mi · $54.8M
Estimated value over time
▲ 50% 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 |
|---|---|---|
| HUGHES LUMBER COMPANY LIMITED PARTNERSHIP this business | $90.0M | — |
| SOUTHWEST STONE, INC. Tulsa · 31 employees | $43.0M | 6.0 mi |
| MURRAY WOMBLE INC Owasso · 38 employees | $33.2M | 6.1 mi |
| GIBBS CAPITAL COMMERCIAL REALTY LLC Owasso · 3 employees | $6.2M | 6.2 mi |
| INTEGRATED METALS INC Tulsa · 9 employees | $8.6M | 7.6 mi |
| FIXTURES AND DRYWALL COMPANY OF OKLAHOMA, INC. Tulsa · 69 employees | $60.0M | 10.9 mi |
| MID-CONTINENT MILLWORK LLC Tulsa · 12 employees | $15.9M | 11.6 mi |
The full calculation
| Employees reported to the SBA | 75 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $96.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $64.6M |
| Estimate: the two combined (geometric mean) | $90.0M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $5.4M |
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 | $33.5M |
| Multiple for this size and industry | 6.2× |
| Value range | $17.6M – $45.8M |
| Revenue range | $59.2M – $102.6M |
| EBITDA range | $3.6M – $6.2M |
| Industry (NAICS) | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (423310) |
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
“We are the full-service, family-owned lumber yard that has worked with Oklahomans since 1925.”
Leadership
- BJBrian JonesManager – Ponca City · Company website · source
- AHAndy HarrisonManager Fairland · Company website · source
- VCVirgil CaseManager – Stillwater · Company website · source
- CBCraig BledsoeManager – Bartlesville · Company website · source
- TPTom PickelManager – Enid · Company website · source
- JSJayJay StreckChief Operating Officer · Company website · source
- MRMichelle RauschenbergCredit Manager · Company website · source
- DEDan EtzkornManager – Muskogee · Company website · source
- KWKathleen Wooldridge, CPAChief Financial Officer · Company website · source
- BHBob HughesManager – Tulsa · Company website · source
- CNChad NewtonSales Manager · Company website · source
Advisors
- BankingMabrey 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
| Mabrey Bank PPP 2020 | All 851 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 | $74K | 10 |
| 4/8/2020 | first | $670K | 75 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hughes Lumber Company Limited Partnership
Hughes Lumber Company Limited Partnership is a family-owned lumber, plywood, millwork, and wood panel merchant wholesalers company in Catoosa, Oklahoma, in business since 1925. It is owned by Robert Hughes (President/CEO/Chairman). Its estimated annual revenue is about $90.0M, with roughly $5.4M of EBITDA. It has about 75 employees. Its estimated business value is $33.5M (likely range $17.6M–$45.8M).
Common questions
- Who owns Hughes Lumber Company Limited Partnership?
- Hughes Lumber Company Limited Partnership is owned by Robert Hughes (President/CEO/Chairman), according to public sources such as the company's website or filings.
- How much revenue does Hughes Lumber Company Limited Partnership make?
- SeeBITDA estimates Hughes Lumber Company Limited Partnership's annual revenue at about $90.0M (likely between $59.2M and $102.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hughes Lumber Company Limited Partnership worth?
- About $33.5M, roughly 6.2× its estimated EBITDA of $5.4M, typical for a lumber, plywood, millwork, and wood panel merchant wholesalers company its size. Likely range: $17.6M–$45.8M.
- How many employees does Hughes Lumber Company Limited Partnership have?
- About 75, as reported on its PPP loan.
- When was Hughes Lumber Company Limited Partnership founded?
- Hughes Lumber Company Limited Partnership has been in business since 1925.