Messer-Bowers Company
How we got $25.5M
Based on its 55 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 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Messer-Bowers is a family-owned insurance agency with offices in Oklahoma City, Enid and Stillwater that offers tailor-made business, oil and gas, aviation, contract bond, trucking, personal, and life and employee benefits insurance.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Mid-Continent Insurance Group · brand it sells or installs
- Bituminous Casuality Company · brand it sells or installs
- Chubb Insurance Group · brand it sells or installs
- National American Insurance Company · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GORE ENERGY LLC · Seiling, 59 mi · $172.9M
- A-1 FREEMAN MOVING AND STORAGE · Okc, 59 mi · $89.3M
- BIG STAR TRANSPORTATION, LLC · Oklahoma City, 57 mi · $63.5M
- BRAUMS, INC · Oklahoma City, 65 mi · $62.0M
- BRAUM'S INC · Oklahoma City, 65 mi · $45.6M
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.
Employees over time
▼ 16% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 55 | $9.9M |
| 2020 | Form 5500 | 46 | $8.2M |
| 2021 | Form 5500 | 48 | $8.6M |
| 2022 | Form 5500 | 48 | $8.6M |
| 2023 | Form 5500 | 39 | $7.0M |
| 2024 | Form 5500 | 44 | $7.9M |
| 2025 | Form 5500 | 46 | $8.2M |
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 |
|---|---|---|
| MESSER-BOWERS COMPANY this business | $17.4M | — |
| Hometown Insurance Manning Agency Enid | $806K | 0.1 mi |
| ANDREW RITCHIE INSURANCE AGENCY LLC Enid · 6 employees | $895K | 0.2 mi |
| Farmers Insurance - Brandon Adams Enid | $806K | 0.2 mi |
| Baker Harris Hopkins Insurance Agency Enid | $806K | 0.2 mi |
| BAY INSURANCE, LLC Enid · 2 employees | $507K | 0.2 mi |
| Banker Life And Casualty Enid | $806K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.5M |
| Estimate: the two combined (geometric mean) | $17.4M |
| EBITDA margin (industry, adjusted for size) | 22% |
| EBITDA = revenue × margin | $3.9M |
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 | $25.5M |
| Multiple for this size and industry | 6.6× |
| Value range | $13.4M – $34.9M |
| Revenue range | $11.5M – $19.9M |
| EBITDA range | $2.5M – $4.4M |
| 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
Leadership
- JBJohn Bowers IvSigned for the company · 2020 retirement-plan filing (Form 5500)
Advisors
- BankingStride 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
| Stride Bank, National Association PPP 2020 | All 504 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 | $682K | 55 |
| 4/4/2020 | first | $21K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Messer-Bowers Company
Messer-Bowers Company is a family-owned insurance agencies company in Enid, Oklahoma, in business since 1997. Its estimated annual revenue is about $17.4M, with roughly $3.9M of EBITDA. It has about 46 employees. Its estimated business value is $25.5M (likely range $13.4M–$34.9M).
Common questions
- Who owns Messer-Bowers Company?
- The owner of Messer-Bowers Company 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 Messer-Bowers Company make?
- SeeBITDA estimates Messer-Bowers Company's annual revenue at about $17.4M (likely between $11.5M and $19.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Messer-Bowers Company worth?
- About $25.5M, roughly 6.6× its estimated EBITDA of $3.9M, typical for a insurance agencies company its size. Likely range: $13.4M–$34.9M.
- How many employees does Messer-Bowers Company have?
- About 46, from its 2025 retirement-plan filing.
- When was Messer-Bowers Company founded?
- Messer-Bowers Company has been in business since 1997.