Mclemore Insurance Agency, Inc.
How we got $3.4M
Based on its 10 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 123 years (since 1903)
From public records and the company's website, not a statement that it's for sale.
What they do
McLemore Insurance Agency is an independent insurance agency in Tulsa, Oklahoma, established in 1903, that says it serves no one company but its customers first.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- American Modern · brand it sells or installs
- AMTRUST · brand it sells or installs
- Berkshire Hathaway · brand it sells or installs
- Chubb · brand it sells or installs
- CNA · brand it sells or installs
- Columbia · brand it sells or installs
- Compsource Mutual · brand it sells or installs
- Farmers Alliance · brand it sells or installs
- Foremost · brand it sells or installs
- Hanover · brand it sells or installs
- Hartford · brand it sells or installs
- Liberty Mutual · brand it sells or installs
- Main Street America / Grain Dealer's Mutual · brand it sells or installs
- Mercury Insurance Group · brand it sells or installs
- Mid-Continent · brand it sells or installs
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 |
|---|---|---|
| MCLEMORE INSURANCE AGENCY, INC. this business | $2.6M | — |
| AUTO INSURANCE MARKETERS AGENCY, INC. Tulsa · 2 employees | $491K | 0.0 mi |
| Todd Gillett - 6931 S 66th East Ave Tulsa | $806K | 0.1 mi |
| Capitalist Publishing Co Tulsa | $806K | 0.2 mi |
| ADVANTAGE CARE FAMILY RECOURCES Tulsa · 1 employees | $200K | 0.2 mi |
| FunderSky, LLC. Tulsa | $806K | 0.3 mi |
| Dacxd Llc Tulsa | $806K | 0.4 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.6M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $761K |
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 | $3.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $1.8M – $4.7M |
| Revenue range | $1.7M – $2.9M |
| EBITDA range | $500K – $868K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
- BankingAmerican Bank and Trust CompanyPPP / 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
| American Bank and Trust Company PPP 2020 | All 117 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $109K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mclemore Insurance Agency, Inc.
Mclemore Insurance Agency, Inc. is an insurance agencies company in Tulsa, Oklahoma, in business since 1903. It is owned by John T. McLemore III. Its estimated annual revenue is about $2.6M, with roughly $761K of EBITDA. It has about 10 employees. Its estimated business value is $3.4M (likely range $1.8M–$4.7M).
Common questions
- Who owns Mclemore Insurance Agency, Inc.?
- Mclemore Insurance Agency, Inc. is owned by John T. McLemore III, according to public sources such as the company's website or filings.
- How much revenue does Mclemore Insurance Agency, Inc. make?
- SeeBITDA estimates Mclemore Insurance Agency, Inc.'s annual revenue at about $2.6M (likely between $1.7M and $2.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mclemore Insurance Agency, Inc. worth?
- About $3.4M, roughly 4.5× its estimated EBITDA of $761K, typical for a insurance agencies company its size. Likely range: $1.8M–$4.7M.
- How many employees does Mclemore Insurance Agency, Inc. have?
- About 10, as reported on its PPP loan.
- When was Mclemore Insurance Agency, Inc. founded?
- Mclemore Insurance Agency, Inc. has been in business since 1903.