Morton Construction Inc.
How we got $14.0M
Based on its 58 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 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
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 |
|---|---|---|
| MORTON CONSTRUCTION INC. this business | $67.6M | — |
| BROOKEHOLLOW OF STILLWATER INC Stillwater · 11 employees | $8.2M | 1.2 mi |
| SPORTS UNLIMITED INC.& FITNESS Stillwater · 3 employees | $2.9M | 2.5 mi |
| LAMBERT CONSTRUCTION COMPANY Stillwater · 26 employees | $30.9M | 2.9 mi |
| CSTAR CONSTRUCTION SERVICES L.L.C. Stillwater · 1 employees | $1.2M | 3.2 mi |
| R & M CONSTRUCTION, INC Stillwater · 4 employees | $2.2M | 4.7 mi |
| PAUL MINASIAN SERVICE CONSTRUCTION Stillwater · 3 employees | $1.4M | 5.0 mi |
The full calculation
| Employees reported to the SBA | 58 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $57.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $61.4M |
| Estimate: the two combined (geometric mean) | $67.6M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $3.4M |
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 | $14.0M |
| Multiple for this size and industry | 4.1× |
| Value range | $7.4M – $19.1M |
| Revenue range | $44.4M – $77.0M |
| EBITDA range | $2.2M – $3.9M |
| 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
People & advisors
Advisors
- BankingFirst Bank and Trust CoPPP / 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
| First Bank and Trust Co PPP 2020 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $735K | 58 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Morton Construction Inc.
Morton Construction Inc. is a commercial construction company in Stillwater, Oklahoma, in business since 2003. It is owned by Garry Morton. Its estimated annual revenue is about $67.6M, with roughly $3.4M of EBITDA. It has about 58 employees. Its estimated business value is $14.0M (likely range $7.4M–$19.1M).
Common questions
- Who owns Morton Construction Inc.?
- Morton Construction Inc. is owned by Garry Morton, according to public sources such as the company's website or filings.
- How much revenue does Morton Construction Inc. make?
- SeeBITDA estimates Morton Construction Inc.'s annual revenue at about $67.6M (likely between $44.4M and $77.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morton Construction Inc. worth?
- About $14.0M, roughly 4.1× its estimated EBITDA of $3.4M, typical for a commercial construction company its size. Likely range: $7.4M–$19.1M.
- How many employees does Morton Construction Inc. have?
- About 58, as reported on its PPP loan.
- When was Morton Construction Inc. founded?
- Morton Construction Inc. has been in business since 2003.