Matlock Security Services, Inc.
How we got $3.5M
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 Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Matlock Security Services provides commercial security, fire alarm, communications, and data and voice systems to Tulsa businesses, according to its website.
From the company's website. Industry: All Other Professional, Scientific, and Technical Services.
Customers & suppliers
Customers
- Owasso Public Schools · named on its website
- Gilcrease Museum · named on its website
- JPS Math & Science Center · named on its website
Suppliers & brands
- Ortronics · brand it sells or installs
- Hitachi · brand it sells or installs
- Comscope · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SIMMONS HOMES, LLC · Owasso, 15 mi · $269.6M
- SHAW HOMES, INC. · Broken Arrow, 3 mi · $240.2M
- IRA M. GREEN CONSTRUCTION COMPANY · Claremore, 25 mi · $93.2M
- FOREST RIDGE DEVELOPMENT · Broken Arrow, 9 mi · $61.8M
- EXECUTIVE HOMES, LLC · Tulsa, 7 mi · $54.8M
- BIOS COMPANIES INC. · Sapulpa, 18 mi · $71.0M
- PHOENIX HEALTHCARE LLC · Tulsa, 8 mi · $68.0M
- BIOS CORPORATION · Sapulpa, 15 mi · $40.4M
- INDEPENDENT OPPORTUNITIES INC · Tulsa, 6 mi · $39.7M
- OKLAHOMA METHODIST MANOR, INC · Tulsa, 5 mi · $36.6M
- PERSIMMON RIDGE LLC · Tulsa, 14 mi · $116.9M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 78 mi · $76.0M
- COMMUNITY ACTION PROJECT OF TULSA COUNTY, INC. · Tulsa, 4 mi · $68.9M
- OKLAHOMA WESLEYAN UNIVERSITY, INC · Bartlesville, 45 mi · $32.2M
- HOLLAND HALL · Tulsa, 4 mi · $30.2M
Estimated value over time
▼ 13% 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
▲ 32% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 19 | $4.1M |
| 2020 | Form 5500 | 18 | $3.9M |
| 2021 | Form 5500 | 19 | $4.1M |
| 2022 | Form 5500 | 19 | $4.1M |
| 2023 | Form 5500 | 21 | $4.6M |
| 2024 | Form 5500 | 23 | $5.0M |
| 2025 | Form 5500 | 25 | $5.4M |
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 |
|---|---|---|
| MATLOCK SECURITY SERVICES, INC. this business | $5.7M | — |
| Tulsa Animal Urgent Care Tulsa | $1.2M | 0.6 mi |
| EMERGING FUELS TECHNOLOGY INC. Tulsa · 9 employees | $4.2M | 0.6 mi |
| BULLSEYE DATABASE MARKETING LLC Tulsa · 8 employees | $3.1M | 0.7 mi |
| VCA Woodland East Animal Hospital Tulsa | $1.2M | 0.7 mi |
| MCDANIEL TECHNICAL SERVICES, INC. Broken Arrow · 250 employees | $114.1M | 1.0 mi |
| BEST FRIENDS VETERINARY HOSPITAL, INC Tulsa · 6 employees | $1.1M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.7M |
| Estimate: the two combined (geometric mean) | $5.7M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $930K |
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 | $3.5M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.9M – $4.8M |
| Revenue range | $3.7M – $6.5M |
| EBITDA range | $612K – $1.1M |
| Industry (NAICS) | All Other Professional, Scientific, and Technical Services (541990) |
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
Leadership
- RRRandy RobisonSigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- BankingSecurity 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
| Security Bank PPP 2020, PPP 2021 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $202K | 19 |
| 1/22/2021 | second | $202K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Matlock Security Services, Inc.
Matlock Security Services, Inc. is an all other professional, scientific, and technical services company in Tulsa, Oklahoma, in business since 2002. It is owned by Glen Matlock. Its estimated annual revenue is about $5.7M, with roughly $930K of EBITDA. It has about 25 employees. Its estimated business value is $3.5M (likely range $1.9M–$4.8M).
Common questions
- Who owns Matlock Security Services, Inc.?
- Matlock Security Services, Inc. is owned by Glen Matlock, according to public sources such as the company's website or filings.
- How much revenue does Matlock Security Services, Inc. make?
- SeeBITDA estimates Matlock Security Services, Inc.'s annual revenue at about $5.7M (likely between $3.7M and $6.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Matlock Security Services, Inc. worth?
- About $3.5M, roughly 3.8× its estimated EBITDA of $930K, typical for a all other professional, scientific, and technical services company its size. Likely range: $1.9M–$4.8M.
- How many employees does Matlock Security Services, Inc. have?
- About 25, from its 2025 retirement-plan filing.
- When was Matlock Security Services, Inc. founded?
- Matlock Security Services, Inc. has been in business since 2002.