Johnston Seed Company, LLC
- Charles TaliaferroLeading researcher; manages turfgrass breeding program · Company website
How we got $23.2M
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 Likely to sell
- In business 133 years (since 1893)
- 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
Johnston Seed Company is a seed house based in Enid, Oklahoma, that breeds, cleans and ships seed, sod, fertilizer and related products for lawns, farms, wildlife plots, native plantings and livestock.
From the company's website. Industry: Farm Supplies Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Barenbrug · brand it sells or installs
- Sweetlix · brand it sells or installs
- Trophy Magnet · brand it sells or installs
- Wrangler · brand it sells or installs
- Double Down · brand it sells or installs
- Stampede · brand it sells or installs
- Harvxtra · brand it sells or installs
- Okies For Monarchs · brand it sells or installs
- Yard By Yard · brand it sells or installs
- Adv · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- WINTER LIVESTOCK, INC · Enid, 1 mi · $60.2M
- LAZY J ARENA, LLC · Stillwater, 52 mi · $30.7M
- EXPRESS RANCHES INC · Yukon, 60 mi · $18.0M
- SOUTHERN PLAINS LIVESTOCK AUCTION, INC. · Blackwell, 42 mi · $14.9M
- LANCE RHODES · Fairview, 39 mi · $10.9M
Estimated value over time
▲ 23% 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
▼ 14% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 42 | $92.2M |
| 2020 | Form 5500 | 39 | $85.6M |
| 2021 | Form 5500 | 41 | $90.0M |
| 2022 | Form 5500 | 40 | $87.8M |
| 2023 | Form 5500 | 24 | $52.7M |
| 2024 | Form 5500 | 41 | $90.0M |
| 2025 | Form 5500 | 36 | $79.0M |
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 |
|---|---|---|
| JOHNSTON SEED COMPANY, LLC this business | $121.4M | — |
| HUFFMAN FLORAL INC Enid · 6 employees | $2.0M | 0.5 mi |
| UPTOWN FLORIST & GIFTS INC Enid · 9 employees | $2.9M | 0.7 mi |
| PUTNAM SIX LLC Enid · 1 employees | $982K | 1.8 mi |
| FARMERS GRAIN COMPANY Pond Creek · 102 employees | $234.4M | 18.8 mi |
| SCOTT AG SERVICES LLC Pond Creek · 2 employees | $4.6M | 20.3 mi |
| COUNTRY DOCTOR VET CLINIC LLC Perry · 4 employees | $12.5M | 33.4 mi |
The full calculation
| Employees reported to the SBA | 42 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $111.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $101.4M |
| Estimate: the two combined (geometric mean) | $121.4M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $4.5M |
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 | $23.2M |
| Multiple for this size and industry | 5.2× |
| Value range | $12.2M – $31.7M |
| Revenue range | $79.8M – $138.4M |
| EBITDA range | $2.9M – $5.1M |
| Industry (NAICS) | Farm Supplies Merchant Wholesalers (424910) |
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
History & advisors
“In 1893, Willis B. Johnston began selling seeds, feed and coal to early day Oklahoma Territory settlers.”
Advisors
- BankingCowboy 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
| Cowboy Bank PPP 2020 | All 286 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $485K | 42 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Johnston Seed Company, LLC
Johnston Seed Company, LLC is a family-owned farm supplies merchant wholesalers company in Enid, Oklahoma, in business since 1893. It is owned by Joey Meibergen (CEO). Its estimated annual revenue is about $121.4M, with roughly $4.5M of EBITDA. It has about 36 employees. Its estimated business value is $23.2M (likely range $12.2M–$31.7M).
Common questions
- Who owns Johnston Seed Company, LLC?
- Johnston Seed Company, LLC is owned by Joey Meibergen (CEO), according to public sources such as the company's website or filings.
- How much revenue does Johnston Seed Company, LLC make?
- SeeBITDA estimates Johnston Seed Company, LLC's annual revenue at about $121.4M (likely between $79.8M and $138.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Johnston Seed Company, LLC worth?
- About $23.2M, roughly 5.2× its estimated EBITDA of $4.5M, typical for a farm supplies merchant wholesalers company its size. Likely range: $12.2M–$31.7M.
- How many employees does Johnston Seed Company, LLC have?
- About 36, from its 2025 retirement-plan filing.
- When was Johnston Seed Company, LLC founded?
- Johnston Seed Company, LLC has been in business since 1893.
- Is Johnston Seed Company, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 133 years (since 1893); no family successor named on its website.