Mid-Con Carriers Corp.
- Phil BradySigns company filings · Form 5500 (2023)
How we got $29.2M
Based on its 137 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 38% 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
▼ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 137 | $33.5M |
| 2021 | Form 5500 | 104 | $25.4M |
| 2022 | Form 5500 | 103 | $25.2M |
| 2023 | Form 5500 | 98 | $23.9M |
| 2024 | Form 5500 | 95 | $23.2M |
| 2025 | Form 5500 | 103 | $25.2M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 49 years (since 1977)
From public records and the company's website, not a statement that it's for sale.
What they do
Mid-Con Carriers Corp is a family-owned Oklahoma trucking company offering local and nationwide transportation, including dry van, flatbed, expedited, dedicated, brokerage and transportation management services, and it also recruits CDL truck drivers.
From the company's website. Industry: General Freight Trucking, Long-Distance, Truckload.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MID-CON CARRIERS CORP. this business | $49.1M | — |
| BNAS LLC Moore · 1 employees | $752K | 0.5 mi |
| AAA Cooper Transportation Oklahoma City | $2.8M | 1.4 mi |
| Central Transport Oklahoma City | $2.8M | 1.6 mi |
| ROCK READY HAULING LLC Oklahoma City | $1.9M | 1.6 mi |
| T & J TRUCKING LLC Oklahoma City | $5.7M | 1.6 mi |
| 405 PRO PALLETS LLC Okc | $1.9M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 137 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $47.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $38.9M |
| Estimate: the two combined (geometric mean) | $49.1M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $5.3M |
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 | $29.2M |
| Multiple for this size and industry | 5.5× |
| Value range | $15.4M – $40.0M |
| Revenue range | $32.3M – $56.0M |
| EBITDA range | $3.5M – $6.1M |
| Industry (NAICS) | General Freight Trucking, Long-Distance, Truckload (484121) |
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
History & advisors
“Established in 1977, Mid-Con Carriers is a family-owned and -operated trucking company based in Oklahoma City, hauling freight and cargo nationwide.”
Advisors
- AccountingRose Rock CPAS, PLLCAudits its 401(k) plan (2022 filing)
- BankingYnbPPP / 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
| YNB PPP 2020, PPP 2021 | All 150 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 | $1.3M | 127 |
| 1/23/2021 | second | $1.3M | 137 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mid-Con Carriers Corp.
Mid-Con Carriers Corp. is a family-owned general freight trucking, long-distance, truckload company in Moore, Oklahoma, in business since 1977. Its estimated annual revenue is about $49.1M, with roughly $5.3M of EBITDA. It has about 103 employees. Its estimated business value is $29.2M (likely range $15.4M–$40.0M).
Common questions
- Who owns Mid-Con Carriers Corp.?
- The owner of Mid-Con Carriers Corp. 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 Mid-Con Carriers Corp. make?
- SeeBITDA estimates Mid-Con Carriers Corp.'s annual revenue at about $49.1M (likely between $32.3M and $56.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid-Con Carriers Corp. worth?
- About $29.2M, roughly 5.5× its estimated EBITDA of $5.3M, typical for a general freight trucking, long-distance, truckload company its size. Likely range: $15.4M–$40.0M.
- How many employees does Mid-Con Carriers Corp. have?
- About 103, from its 2025 retirement-plan filing.
- When was Mid-Con Carriers Corp. founded?
- Mid-Con Carriers Corp. has been in business since 1977.