Keystone Engineering and Land Surveying, Inc.
How we got $2.4M
Based on its 13 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 16 years (since 2010)
- Family in the business (Carey Harris, Sr. Vice President)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 33% 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 |
|---|---|---|
| KEYSTONE ENGINEERING AND LAND SURVEYING, INC. this business | $3.1M | — |
| BULLSEYE BORING TECHNOLOGY, INC. Stillwater · 2 employees | $667K | 0.0 mi |
| Onesimus Llc Stillwater | $2.0M | 0.2 mi |
| ASSOCIATED ENGINEERING CONSULTANTS, LTD Stillwater · 6 employees | $1.9M | 0.2 mi |
| Geekabytes Stillwater | $2.0M | 0.2 mi |
| ProValue.net Stillwater | $2.0M | 0.2 mi |
| Accurate Labs & Training Center Stillwater | $5.9M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $3.1M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $554K |
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 | $2.4M |
| Multiple for this size and industry | 4.3× |
| Value range | $1.3M – $3.3M |
| Revenue range | $2.0M – $3.5M |
| EBITDA range | $364K – $632K |
| Industry (NAICS) | Surveying and Mapping (except Geophysical) Services (541370) |
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
“Bancroft Design, formerly recognized as Keystone Engineering and Surveying, has embarked on a transformative journey, symbolizing its evolution into a distinguished civil engineering and land surveying firm since its establishment in 2010 by Kelly Harris.”
Leadership
- CHCarey HarrisSr. Vice President · Company website · source
- DMDaniel McPeekVice President · Company website · source
- AFAaron FergusonProfessional Engineer · Company website · source
- KFKyle FelderProfessional Licensed Surveyor · Company website · source
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $153K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Keystone Engineering and Land Surveying, Inc.
Keystone Engineering and Land Surveying, Inc. is an engineering & architecture company in Stillwater, Oklahoma, in business since 2010. It is owned by Kelly Harris. Its estimated annual revenue is about $3.1M, with roughly $554K of EBITDA. It has about 13 employees. Its estimated business value is $2.4M (likely range $1.3M–$3.3M).
Common questions
- Who owns Keystone Engineering and Land Surveying, Inc.?
- Keystone Engineering and Land Surveying, Inc. is owned by Kelly Harris, according to public sources such as the company's website or filings.
- How much revenue does Keystone Engineering and Land Surveying, Inc. make?
- SeeBITDA estimates Keystone Engineering and Land Surveying, Inc.'s annual revenue at about $3.1M (likely between $2.0M and $3.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Keystone Engineering and Land Surveying, Inc. worth?
- About $2.4M, roughly 4.3× its estimated EBITDA of $554K, typical for a engineering & architecture company its size. Likely range: $1.3M–$3.3M.
- How many employees does Keystone Engineering and Land Surveying, Inc. have?
- About 13, as reported on its PPP loan.
- When was Keystone Engineering and Land Surveying, Inc. founded?
- Keystone Engineering and Land Surveying, Inc. has been in business since 2010.