Logan County Asphalt Co.
How we got $13.9M
Based on its 19 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 28 years (since 1998)
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LOGAN COUNTY ASPHALT CO. this business | $24.3M | — |
| BOATWELL PAVING LLC Edmond · 6 employees | $11.1M | 12.6 mi |
| SOUTHERN GRIND LLC Edmond · 3 employees | $7.1M | 17.0 mi |
| JATCO INC Oklahoma City · 22 employees | $36.8M | 20.7 mi |
| SULLIVAN LAND RESOURCES INC Oklahoma City · 4 employees | $35.1M | 22.8 mi |
| RAZOR ENVIRONMENTAL Oklahoma City · 1 employees | $3.5M | 23.7 mi |
| UNION PROCESSING SYSTEMS LLC Oklahoma City · 14 employees | $20.5M | 23.7 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $29.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.3M |
| Estimate: the two combined (geometric mean) | $24.3M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.5M |
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 | $13.9M |
| Multiple for this size and industry | 5.5× |
| Value range | $7.3M – $19.0M |
| Revenue range | $16.0M – $27.7M |
| EBITDA range | $1.7M – $2.9M |
| Industry (NAICS) | Asphalt Paving Mixture and Block Manufacturing (324121) |
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. 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
- BankingInterBankPPP / 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
| InterBank PPP 2020, PPP 2021 | All 585 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 | $157K | 19 |
| 1/21/2021 | second | $127K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Logan County Asphalt Co.
Logan County Asphalt Co. is an asphalt paving mixture and block manufacturing company in Guthrie, Oklahoma, in business since 1998. Its estimated annual revenue is about $24.3M, with roughly $2.5M of EBITDA. It has about 19 employees. Its estimated business value is $13.9M (likely range $7.3M–$19.0M).
Common questions
- Who owns Logan County Asphalt Co.?
- The owner of Logan County Asphalt 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 Logan County Asphalt Co. make?
- SeeBITDA estimates Logan County Asphalt Co.'s annual revenue at about $24.3M (likely between $16.0M and $27.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Logan County Asphalt Co. worth?
- About $13.9M, roughly 5.5× its estimated EBITDA of $2.5M, typical for a asphalt paving mixture and block manufacturing company its size. Likely range: $7.3M–$19.0M.
- How many employees does Logan County Asphalt Co. have?
- About 19, as reported on its PPP loan.
- When was Logan County Asphalt Co. founded?
- Logan County Asphalt Co. has been in business since 1998.