Livingston Machinery Company
How we got $36.7M
Based on its 115 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 34 years (since 1992)
- Founder still runs it after 34 years
- Investment from Summit Equity (2021)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Majority investment from Summit Equity · Apr 2021Livingston Machinery Company was acquired by Summit Equity in partnership with Midwest Growth Partners, which bought the stock held by its former ESOP.Source
Estimated value over time
▲ 34% 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
▲ 82% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 115 | $93.6M |
| 2020 | Form 5500 | 99 | $80.6M |
| 2021 | Form 5500 | 97 | $79.0M |
| 2022 | Form 5500 | 219 | $178.3M |
| 2023 | Form 5500 | 209 | $170.2M |
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 |
|---|---|---|
| LIVINGSTON MACHINERY COMPANY this business | $98.7M | — |
| AG SOLUTIONS INTERMEDIATE CORP Chickasha | $230.8M | 3.5 mi |
| BOB LOWE FARM MACHINERY, INC. Chickasha · 20 employees | $11.4M | 3.9 mi |
| STANDRIDGE EQUIPMENT CO INC Chickasha · 42 employees | $28.5M | 4.4 mi |
| CDY FARMS LLC Blanchard · 1 employees | $762K | 13.6 mi |
| NOOMA CONSTRUCTION LLC Fletcher · 6 employees | $5.6M | 19.5 mi |
| MCCONATHY SPECIALTY AND SUPPLY Blanchard · 2 employees | $1.7M | 23.2 mi |
The full calculation
| Employees reported to the SBA | 115 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $117.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $82.7M |
| Estimate: the two combined (geometric mean) | $98.7M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $5.9M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 7% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $36.7M |
| Multiple for this size and industry | 6.2× |
| Value range | $22.0M – $57.3M |
| Revenue range | $74.0M – $128.3M |
| EBITDA range | $4.4M – $7.7M |
| Industry (NAICS) | Farm and Garden Machinery and Equipment Merchant Wholesalers (423820) |
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
- AccountingHogan Taylor LLPAudits its 401(k) plan (2023 filing)
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 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 | $1.1M | 115 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Livingston Machinery Company
Livingston Machinery Company is a farm and garden machinery and equipment merchant wholesalers company in Chickasha, Oklahoma, in business since 1992. It is owned by Earl Livingston (Founder). Its estimated annual revenue is about $98.7M, with roughly $5.9M of EBITDA. It has about 209 employees. Its estimated business value is $36.7M (likely range $22.0M–$57.3M).
Common questions
- Who owns Livingston Machinery Company?
- Livingston Machinery Company is owned by Earl Livingston (Founder), according to public sources such as the company's website or filings.
- How much revenue does Livingston Machinery Company make?
- SeeBITDA estimates Livingston Machinery Company's annual revenue at about $98.7M (likely between $74.0M and $128.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Livingston Machinery Company worth?
- About $36.7M, roughly 6.2× its estimated EBITDA of $5.9M, typical for a farm and garden machinery and equipment merchant wholesalers company its size. Likely range: $22.0M–$57.3M.
- How many employees does Livingston Machinery Company have?
- About 209, from its 2023 retirement-plan filing.
- When was Livingston Machinery Company founded?
- Livingston Machinery Company has been in business since 1992.