Keystone Services Inc.
How we got $3.9M
Based on its 22 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 34 years (since 1992)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 20% 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 SERVICES INC. this business | $10.8M | — |
| ONEFIRE PAVEMENT SOLUTIONS Jenks · 5 employees | $2.7M | 5.3 mi |
| SAPULPA DIGGING, INCORPORATED Sapulpa · 7 employees | $3.5M | 5.4 mi |
| R MILLER & SONS CO Tulsa · 10 employees | $5.2M | 9.1 mi |
| JAMES ADAMS Tulsa · 1 employees | $897K | 9.5 mi |
| GRADE LINE CONSTRUCTION LLC Broken Arrow · 38 employees | $18.2M | 9.5 mi |
| PARADIGM CONSTRUCTION & ENGINEERING INC. Sapulpa · 25 employees | $15.4M | 10.0 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.6M |
| Estimate: the two combined (geometric mean) | $10.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.1M |
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 | $3.9M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.0M – $5.3M |
| Revenue range | $7.1M – $12.3M |
| EBITDA range | $746K – $1.3M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
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
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, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $188K | 22 |
| 3/23/2021 | second | $189K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Keystone Services Inc.
Keystone Services Inc. is a highway, street, and bridge construction company in Bixby, Oklahoma, in business since 1992. Its estimated annual revenue is about $10.8M, with roughly $1.1M of EBITDA. It has about 22 employees. Its estimated business value is $3.9M (likely range $2.0M–$5.3M).
Common questions
- Who owns Keystone Services Inc.?
- The owner of Keystone Services Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Keystone Services Inc. make?
- SeeBITDA estimates Keystone Services Inc.'s annual revenue at about $10.8M (likely between $7.1M and $12.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Keystone Services Inc. worth?
- About $3.9M, roughly 3.4× its estimated EBITDA of $1.1M, typical for a highway, street, and bridge construction company its size. Likely range: $2.0M–$5.3M.
- How many employees does Keystone Services Inc. have?
- About 22, as reported on its PPP loan.
- When was Keystone Services Inc. founded?
- Keystone Services Inc. has been in business since 1992.