Morse Electric Inc
- Rachel MorseSigns company filings · Form 5500 (2024)
How we got $428K
Based on 7 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 113% 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
▲ 57% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 7 | $1.4M |
| 2020 | Form 5500 | 4 | $775K |
| 2021 | Form 5500 | 9 | $1.7M |
| 2022 | Form 5500 | 11 | $2.1M |
| 2023 | Form 5500 | 6 | $1.2M |
| 2024 | Form 5500 | 11 | $2.1M |
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 |
|---|---|---|
| MORSE ELECTRIC INC this business | $1.8M | — |
| MORSE ELECTRIC INC. Muskogee · 16 employees | $6.7M | 3.6 mi |
| ALL CITY PLUMBING & SERVICE CO. LLC Porter · 3 employees | $650K | 4.0 mi |
| Denson's Heating and Air Muskogee | $1.8M | 4.4 mi |
| Ron-Co Rooter and Plumbing Muskogee | $1.8M | 4.5 mi |
| HIX AIR CONDITIONING SERVICE LLC Muskogee · 18 employees | $6.5M | 4.5 mi |
| HOLLIEFIELD SERVICE COMPANY, LLC Muskogee · 11 employees | $2.7M | 4.9 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Industry revenue per employee | $194K |
| Revenue = employees × revenue per employee | $1.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $214K |
| Cross-check: revenue implied by PPP payroll | $8.6M |
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 | $428K |
| Multiple for this size and industry | 2× |
| Value range | $203K – $608K |
| Revenue range | $1.1M – $2.2M |
| EBITDA range | $127K – $253K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingArmstrong 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
| Armstrong Bank PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/19/2021 | second | $315K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Morse Electric Inc
Morse Electric Inc is an electricians company in Porter, Oklahoma, in business since 2011. Its estimated annual revenue is about $1.8M, with roughly $214K of EBITDA. It has about 11 employees. Its estimated business value is $428K (likely range $203K–$608K).
Common questions
- Who owns Morse Electric Inc?
- The owner of Morse Electric Inc 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 Morse Electric Inc make?
- SeeBITDA estimates Morse Electric Inc's annual revenue at about $1.8M (likely between $1.1M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morse Electric Inc worth?
- About $428K, roughly 2× its estimated EBITDA of $214K, typical for a electricians company its size. Likely range: $203K–$608K.
- How many employees does Morse Electric Inc have?
- About 11, from its 2024 retirement-plan filing.
- When was Morse Electric Inc founded?
- Morse Electric Inc has been in business since 2011.