Legacy Insurance Group, LLC
How we got $925K
Based on its 4 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
- Family in the business (Ara Barnett, Event Coordinator)
From public records and the company's website, not a statement that it's for sale.
What they do
Legacy Insurance is a family of independent insurance agencies that provides clients with coverage and career opportunities. It states it helps clients find competitive rates for homeowners and auto insurance and handles claims.
From the company's website. Industry: Insurance agencies.
Estimated value over time
▲ 30% 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 |
|---|---|---|
| LEGACY INSURANCE GROUP, LLC this business | $668K | — |
| CHAD LEE INSURANCE AGENCY, INC Altus · 3 employees | $575K | 0.1 mi |
| TIFFINY BUNTING INSURANCE AGENCY, LLC Altus · 3 employees | $438K | 0.1 mi |
| Farmers Insurance - Sarah Wheeler Altus | $806K | 0.1 mi |
| DOBBS AND BRADDOCK, INC Altus · 11 employees | $2.8M | 0.2 mi |
| WICHITA INSURANCE, LLC Altus · 2 employees | $440K | 0.4 mi |
| Cattlemens Choice Insurance Altus | $806K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $830K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $414K |
| Estimate: the two combined (geometric mean) | $668K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $257K |
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 | $925K |
| Multiple for this size and industry | 3.6× |
| Value range | $487K – $1.3M |
| Revenue range | $440K – $762K |
| EBITDA range | $169K – $293K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
“Heath Barnett and Randy Allen, brothers by marriage, both grew up with entrepreneurial families who inspired them to strive for success and freedom.”
Leadership
- RARandy AllenCOO · Company website · source
- ELErica LongoriaPersonal Lines Specialist / Agent Onboarding · Company website · source
- CTChristian ThomasCommercial Lines Specialist · Company website · source
- SPSara PraterAccountant · Company website · source
- SVSarah VotawAgent Support · Company website · source
- KPKyla ParkerAgency Marketing · Company website · source
- ECElizabeth CariasMarketing Strategist · Company website · source
- ABAra BarnettEvent Coordinator · Company website · source
- SSSamantha ScottCommercial Systems Strategist · Company website · source
- RHRebekah HowardCommissions Assistant · Company website · source
- LPLaura PenningtonCommercial Accounts · Company website · source
Advisors
- BankingShamrock Bank, National AssociationPPP / 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
| Shamrock Bank, National Association PPP 2020 | All 130 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $14K | 4 |
2 locations
| 615 NORTH MAIN ST | Altus | This listing |
| 5732 NW 135th St #100 | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Legacy Insurance Group, LLC
Legacy Insurance Group, LLC is an insurance agencies company in Altus, Oklahoma, in business since 2017. It is owned by Heath Barnett (CEO). Its estimated annual revenue is about $668K, with roughly $257K of EBITDA. It has about 4 employees. Its estimated business value is $925K (likely range $487K–$1.3M). It has 2 locations.
Common questions
- Who owns Legacy Insurance Group, LLC?
- Legacy Insurance Group, LLC is owned by Heath Barnett (CEO), according to public sources such as the company's website or filings.
- How much revenue does Legacy Insurance Group, LLC make?
- SeeBITDA estimates Legacy Insurance Group, LLC's annual revenue at about $668K (likely between $440K and $762K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Legacy Insurance Group, LLC worth?
- About $925K, roughly 3.6× its estimated EBITDA of $257K, typical for a insurance agencies company its size. Likely range: $487K–$1.3M.
- How many employees does Legacy Insurance Group, LLC have?
- About 4, as reported on its PPP loan.
- When was Legacy Insurance Group, LLC founded?
- Legacy Insurance Group, LLC has been in business since 2017.