Laferry's LP Gas Co
How we got $136.9M
Based on its 37 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 26% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
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
▼ 38% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 37 | $189.1M |
| 2020 | Form 5500 | 31 | $158.4M |
| 2021 | Form 5500 | 23 | $117.5M |
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 |
|---|---|---|
| LAFERRY'S LP GAS CO this business | $512.9M | — |
| JIM WOODS MARKETING INC Tahlequah · 4 employees | $63.2M | 7.2 mi |
| QUAD, LLC Tahlequah · 15 employees | $322.5M | 7.2 mi |
| DAVIS OIL INC. LLC Tahlequah · 11 employees | $145.4M | 8.4 mi |
| HUNTER STEEL LLC Muskogee · 2 employees | $36.7M | 19.7 mi |
| DOWNING PROPANE & OIL INC Locust Grove · 6 employees | $48.6M | 26.1 mi |
| TANK & FUEL SOLUTIONS, LLC Claremore · 2 employees | $29.6M | 49.9 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $645.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $313.6M |
| Estimate: the two combined (geometric mean) | $512.9M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $19.3M |
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 | $136.9M |
| Multiple for this size and industry | 7.1× |
| Value range | $72.1M – $187.4M |
| Revenue range | $337.4M – $584.8M |
| EBITDA range | $12.7M – $22.0M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $297K | 37 |
About Laferry's LP Gas Co
Laferry's LP Gas Co is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Park Hill, Oklahoma. Its estimated annual revenue is about $512.9M, with roughly $19.3M of EBITDA. It has about 23 employees. Its estimated business value is $136.9M (likely range $72.1M–$187.4M).
Common questions
- Who owns Laferry's LP Gas Co?
- The owner of Laferry's LP Gas Co 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 Laferry's LP Gas Co make?
- SeeBITDA estimates Laferry's LP Gas Co's annual revenue at about $512.9M (likely between $337.4M and $584.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Laferry's LP Gas Co worth?
- About $136.9M, roughly 7.1× its estimated EBITDA of $19.3M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $72.1M–$187.4M.
- How many employees does Laferry's LP Gas Co have?
- About 23, from its 2021 retirement-plan filing.