Midwestern Electrical Contractors, LLC
How we got $5.2M
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 Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
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.
Employees over time
▼ 45% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 55 | $10.7M |
| 2023 | Form 5500 | 35 | $6.8M |
| 2024 | Form 5500 | 34 | $6.6M |
| 2025 | Form 5500 | 30 | $5.8M |
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 |
|---|---|---|
| MIDWESTERN ELECTRICAL CONTRACTORS, LLC this business | $16.6M | — |
| PRECISION ELECTRIC INC Noble · 2 employees | $371K | 0.3 mi |
| ALL SEASON ELECTRIC LLC Noble · 6 employees | $1.4M | 0.6 mi |
| CRIMSON ELECTRICAL SERVICES, LLC Noble · 5 employees | $1.1M | 0.7 mi |
| Corwine Electric And Security Norman | $1.8M | 1.9 mi |
| GENESIS ELECTRIC LLC Norman · 3 employees | $933K | 1.9 mi |
| Dreamworks Electric Noble | $1.8M | 2.4 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.4M |
| Estimate: the two combined (geometric mean) | $16.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.4M |
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 | $5.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.7M – $7.1M |
| Revenue range | $10.9M – $18.9M |
| EBITDA range | $947K – $1.6M |
| 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
- BankingINTRUST 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
| INTRUST Bank, National Association PPP 2020 | All 170 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $494K | 55 |
2 locations
| 310 W ETOWAH RD | Noble | This listing |
| 2 NW 132nd St | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwestern Electrical Contractors, LLC
Midwestern Electrical Contractors, LLC is an electricians company in Noble, Oklahoma, in business since 2009. Its estimated annual revenue is about $16.6M, with roughly $1.4M of EBITDA. It has about 30 employees. Its estimated business value is $5.2M (likely range $2.7M–$7.1M). It has 2 locations.
Common questions
- Who owns Midwestern Electrical Contractors, LLC?
- The owner of Midwestern Electrical Contractors, LLC 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 Midwestern Electrical Contractors, LLC make?
- SeeBITDA estimates Midwestern Electrical Contractors, LLC's annual revenue at about $16.6M (likely between $10.9M and $18.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwestern Electrical Contractors, LLC worth?
- About $5.2M, roughly 3.6× its estimated EBITDA of $1.4M, typical for a electricians company its size. Likely range: $2.7M–$7.1M.
- How many employees does Midwestern Electrical Contractors, LLC have?
- About 30, from its 2025 retirement-plan filing.
- When was Midwestern Electrical Contractors, LLC founded?
- Midwestern Electrical Contractors, LLC has been in business since 2009.