Mid-Town Electric Inc
How we got $3.7M
Based on its 32 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 22% 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.
What we know
Signs of a sale Some signs of a sale
- In business 45 years (since 1981)
From public records and the company's website, not a statement that it's for sale.
What they do
Mid-Town Electric is a family owned and operated full service electrical contractor in business since 1981, providing complete electrical services for commercial, industrial, and multi-family residential customers.
From the company's website. Industry: Electricians.
Customers & suppliers
Customers
- Amazon · named on its website
- Aberdeen Dynamics · named on its website
- American Tire Distribution · named on its website
- Ameron · named on its website
- Webco Industries · named on its website
- Rejoice Christian School · named on its website
- Grand River Dam Authority (GRDA) · named on its website
- Port of Catoosa · named on its website
- OSU Medical School · named on its website
- Tulsa County Sheriff's Office · named on its website
- Melton Truck Company · named on its website
- Clear Edge Filtration · named on its website
- Wavoil · named on its website
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MID-TOWN ELECTRIC INC this business | $11.0M | — |
| ENVIRONMENTAL LOOP SERVICES, INC. Tulsa · 12 employees | $4.4M | 0.4 mi |
| Kms Heating & Cooling Tulsa | $1.9M | 0.5 mi |
| ENVIRONMENTAL LOOP SERVICE Tulsa · 9 employees | $3.4M | 0.5 mi |
| K&M SHILLINGFORD INC Tulsa · 46 employees | $17.3M | 0.5 mi |
| BIANTRAV CONTRACTOR LLC Tulsa · 29 employees | $7.7M | 0.6 mi |
| Chadwick Plumbing Tulsa | $1.9M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 32 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.1M |
| Estimate: the two combined (geometric mean) | $11.0M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.9M – $5.1M |
| Revenue range | $7.2M – $12.5M |
| EBITDA range | $675K – $1.2M |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
Advisors
- BankingCrossFirst 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
| CrossFirst Bank PPP 2020, PPP 2021 | All 299 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $374K | 27 |
| 1/29/2021 | second | $332K | 32 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mid-Town Electric Inc
Mid-Town Electric Inc is a family-owned electricians company in Tulsa, Oklahoma, in business since 1981. It is owned by Dennis Henry. Its estimated annual revenue is about $11.0M, with roughly $1.0M of EBITDA. It has about 32 employees. Its estimated business value is $3.7M (likely range $1.9M–$5.1M).
Common questions
- Who owns Mid-Town Electric Inc?
- Mid-Town Electric Inc is owned by Dennis Henry, according to public sources such as the company's website or filings.
- How much revenue does Mid-Town Electric Inc make?
- SeeBITDA estimates Mid-Town Electric Inc's annual revenue at about $11.0M (likely between $7.2M and $12.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid-Town Electric Inc worth?
- About $3.7M, roughly 3.6× its estimated EBITDA of $1.0M, typical for a electricians company its size. Likely range: $1.9M–$5.1M.
- How many employees does Mid-Town Electric Inc have?
- About 32, as reported on its PPP loan.
- When was Mid-Town Electric Inc founded?
- Mid-Town Electric Inc has been in business since 1981.