Morehead Construction LLC
- Asa PuckettSuperintendent · Company website
- Diana CoverdellOffice Manager · Company website
- Rachel ConseenAccountant · Company website
- Greg FarrGeneral Laborer · Company website
How we got $2.6M
Based on its 20 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 22 years (since 2004)
- Founder still runs it after 22 years
From public records and the company's website, not a statement that it's for sale.
What they do
Morehead Construction is an Oklahoma pre-engineered metal building sales, construction and concrete company serving customers in Northeastern, Central and Southeastern Oklahoma.
From the company's website. Industry: Commercial construction.
Customers & suppliers
Customers
- Sequoyah's Cabin Museum Site · named on its website
- Cherokee Nation · named on its website
- Oklahoma Highway Patrol · named on its website
- Tahlequah Sequoyah High School · named on its website
- Cherokee Nation Aerospace and Defense · named on its website
- Northeastern Oklahoma Electric Coop · named on its website
- Osage Pleasant View Fire Department · named on its website
- Foundations Church · named on its website
- Bryan County Emergency Management Services · named on its website
- Choctaw · named on its website
- Salina Women's Athletics Facility · named on its website
- Bixby Public Schools · named on its website
- Osage Nation · named on its website
- Jiffy Lube · named on its website
- Take 5 Car Wash · named on its website
Suppliers & brands
- Nucor Building Systems · brand it sells or installs
- Chief Industries · brand it sells or installs
- Honeycutt Manufacturing · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PERSIMMON RIDGE LLC · Tulsa, 50 mi · $116.9M
- COMMUNITY ACTION PROJECT OF TULSA COUNTY, INC. · Tulsa, 43 mi · $68.9M
- OKLAHOMA WESLEYAN UNIVERSITY, INC · Bartlesville, 57 mi · $32.2M
- HOLLAND HALL · Tulsa, 43 mi · $30.2M
- REJOICE CHRISTIAN SCHOOL · Owasso, 38 mi · $22.8M
Estimated value over time
▲ 28% 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 |
|---|---|---|
| MOREHEAD CONSTRUCTION LLC this business | $18.3M | — |
| JOSH DAVIS MINISTRIES / LIFE CONNECTION CHURCH, INC. Salina · 2 employees | $1.3M | 6.5 mi |
| WILLIAMS CONSTRUCTION CO Pryor · 155 employees | $196.8M | 8.3 mi |
| COOPER CONSTRUCTION, INC Salina · 8 employees | $6.8M | 8.4 mi |
| ALL AMERICAN CONSTRUCTION, INC. Pryor · 4 employees | $3.4M | 8.9 mi |
| MUSTANG CONSTRUCTION SERVICES, INC. Pryor · 10 employees | $8.8M | 9.3 mi |
| BREWER CONSTRUCTION COMPANY OF EASTERN OKLAHOMA INC Chouteau · 104 employees | $125.6M | 10.3 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.0M |
| Estimate: the two combined (geometric mean) | $18.3M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $923K |
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 | $2.6M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.4M – $3.5M |
| Revenue range | $12.0M – $20.8M |
| EBITDA range | $607K – $1.1M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
“Morehead Construction was founded in 2004 by second generation steel and concrete contractor Neil Morehead and his wife Rainy.”
Advisors
- BankingStride Bank, National Association, Bank of Grand LakePPP / 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
| Bank of Grand Lake PPP 2021 | All 112 borrowers → |
| 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 |
|---|---|---|---|
| 4/8/2020 | first | $156K | 20 |
| 1/28/2021 | second | $146K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Morehead Construction LLC
Morehead Construction LLC is a family-owned commercial construction company in Locust Grove, Oklahoma, in business since 2004. It is owned by Neil Morehead. Its estimated annual revenue is about $18.3M, with roughly $923K of EBITDA. It has about 20 employees. Its estimated business value is $2.6M (likely range $1.4M–$3.5M).
Common questions
- Who owns Morehead Construction LLC?
- Morehead Construction LLC is owned by Neil Morehead, according to public sources such as the company's website or filings.
- How much revenue does Morehead Construction LLC make?
- SeeBITDA estimates Morehead Construction LLC's annual revenue at about $18.3M (likely between $12.0M and $20.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morehead Construction LLC worth?
- About $2.6M, roughly 2.8× its estimated EBITDA of $923K, typical for a commercial construction company its size. Likely range: $1.4M–$3.5M.
- How many employees does Morehead Construction LLC have?
- About 20, as reported on its PPP loan.
- When was Morehead Construction LLC founded?
- Morehead Construction LLC has been in business since 2004.