Insurance Agency of Mid-America Inc.
- Cody McNeillVice-President · Company website
- Todd TriplettVice-President · Company website
- Mike ShannonLicensed Producer · Company website
- John RogersLicensed Producer · Company website
- Larry BixlerLicensed Producer · Company website
How we got $13.6M
Based on its 27 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 56% 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
▼ 22% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 27 | $6.2M |
| 2020 | Form 5500 | 22 | $5.0M |
| 2021 | Form 5500 | 21 | $4.8M |
| 2022 | Form 5500 | 20 | $4.6M |
| 2023 | Form 5500 | 20 | $4.6M |
| 2024 | Form 5500 | 21 | $4.8M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 42 years (since 1984)
- Family in the business (Cody McNeill, Vice-President)
From public records and the company's website, not a statement that it's for sale.
What they do
Insurance Agency of Mid-America is an independent agency in Oklahoma that places surety bonds and commercial and personal insurance, mainly for contractors and businesses.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| INSURANCE AGENCY OF MID-AMERICA INC. this business | $8.7M | — |
| Farmers Insurance - Dawnita Pierce Oklahoma City | $1.6M | 0.0 mi |
| Farmers Insurance - Elizabeth Huston Oklahoma City | $815K | 0.1 mi |
| GDS INSURANCE AGENCY Oklahoma City · 3 employees | $564K | 0.1 mi |
| St. John Insurance Solutions Oklahoma City | $815K | 0.1 mi |
| Select Elite Insurance Oklahoma City | $815K | 0.1 mi |
| Farmers Insurance - Jennifer McCrary Oklahoma City | $815K | 0.2 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.0M |
| Estimate: the two combined (geometric mean) | $8.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.1M |
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 | $13.6M |
| Multiple for this size and industry | 6.6× |
| Value range | $7.2M – $18.6M |
| Revenue range | $5.7M – $9.9M |
| EBITDA range | $1.4M – $2.4M |
| Industry (NAICS) | All Other Insurance Related Activities (524298) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“The Insurance Agency of Mid-America, Inc. was founded and incorporated on January 24, 1984, with operations beginning that August.”
Advisors
- BankingValor 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
| Valor Bank PPP 2020 | All 81 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 | $399K | 27 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Insurance Agency of Mid-America Inc.
Insurance Agency of Mid-America Inc. is an insurance agencies company in Oklahoma City, Oklahoma, in business since 1984. It is owned by William M. (Mike) McNeill (President). Its estimated annual revenue is about $8.7M, with roughly $2.1M of EBITDA. It has about 21 employees. Its estimated business value is $13.6M (likely range $7.2M–$18.6M).
Common questions
- Who owns Insurance Agency of Mid-America Inc.?
- Insurance Agency of Mid-America Inc. is owned by William M. (Mike) McNeill (President), according to public sources such as the company's website or filings.
- How much revenue does Insurance Agency of Mid-America Inc. make?
- SeeBITDA estimates Insurance Agency of Mid-America Inc.'s annual revenue at about $8.7M (likely between $5.7M and $9.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Insurance Agency of Mid-America Inc. worth?
- About $13.6M, roughly 6.6× its estimated EBITDA of $2.1M, typical for a insurance agencies company its size. Likely range: $7.2M–$18.6M.
- How many employees does Insurance Agency of Mid-America Inc. have?
- About 21, from its 2024 retirement-plan filing.
- When was Insurance Agency of Mid-America Inc. founded?
- Insurance Agency of Mid-America Inc. has been in business since 1984.