Hutchinson Oil Company, LLC
How we got $43.6M
Based on its 350 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
- Headcount down 97% since 2024 (retirement plan filings)
- Acquired by Circle K Stores (2025)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Circle K Stores · Feb 2025Hutchinson Oil Company's petroleum marketing and convenience retail business was sold to Circle K Stores, while its wholesale fuel division went to Hampel Oil Distributors.Source
Estimated value over time
▲ 26% 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
▼ 98% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 350 | $105.0M |
| 2020 | Form 5500 | 157 | $47.1M |
| 2024 | Form 5500 | 260 | $78.0M |
| 2025 | Form 5500 | 8 | $2.4M |
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 |
|---|---|---|
| HUTCHINSON OIL COMPANY, LLC this business | $222.6M | — |
| HAMMON TRAVEL CENTER Hammon · 13 employees | $6.2M | 15.9 mi |
| TRUCK STOP 40 LLC Sayre · 2 employees | $2.4M | 18.1 mi |
| NILAXMI LLC Clinton · 5 employees | $1.9M | 18.7 mi |
| THE SENTINEL STATION, LLC Sentinel · 4 employees | $3.1M | 18.8 mi |
| ALSAWALHAH INC Clinton · 2 employees | $1.8M | 18.9 mi |
| SAIDEV, LLC Clinton · 2 employees | $1.5M | 18.9 mi |
The full calculation
| Employees reported to the SBA | 350 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $207.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $238.8M |
| Estimate: the two combined (geometric mean) | $222.6M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $8.4M |
Brought up to date: prices are 26% higher than in the benchmark's year and Oklahoma employment in this industry has grown 1% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $43.6M |
| Multiple for this size and industry | 5.2× |
| Value range | $26.2M – $68.1M |
| Revenue range | $166.9M – $289.4M |
| EBITDA range | $6.3M – $10.9M |
| Industry (NAICS) | Retail Trade (447110) |
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: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- AccountingMuret CPA, PLLCAudits its 401(k) plan (2020 filing)
- BankingInterBankPPP / 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
| InterBank PPP 2020 | All 585 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $2.2M | 350 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hutchinson Oil Company, LLC
Hutchinson Oil Company, LLC is a retail trade company in Elk City, Oklahoma. It is owned by David L. Hutchinson. Its estimated annual revenue is about $222.6M, with roughly $8.4M of EBITDA. It has about 8 employees. Its estimated business value is $43.6M (likely range $26.2M–$68.1M).
Common questions
- Who owns Hutchinson Oil Company, LLC?
- Hutchinson Oil Company, LLC is owned by David L. Hutchinson, according to public sources such as the company's website or filings.
- How much revenue does Hutchinson Oil Company, LLC make?
- SeeBITDA estimates Hutchinson Oil Company, LLC's annual revenue at about $222.6M (likely between $166.9M and $289.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hutchinson Oil Company, LLC worth?
- About $43.6M, roughly 5.2× its estimated EBITDA of $8.4M, typical for a retail trade company its size. Likely range: $26.2M–$68.1M.
- How many employees does Hutchinson Oil Company, LLC have?
- About 8, from its 2025 retirement-plan filing.