Nextep Professional Services, Inc.
How we got $11.2M
Based on its 182 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
Nextep Professional Services is a Professional Employer Organization (PEO) that handles HR, payroll, employee benefits, and risk and compliance for growing businesses nationwide, while clients keep control of daily operations.
From the company's website. Industry: Staffing & recruiting.
Customers & suppliers
Customers
- Trango · named on its website
- University of Oklahoma · named on its website
Estimated value over time
▲ 42% 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 |
|---|---|---|
| NEXTEP PROFESSIONAL SERVICES, INC. this business | $23.3M | — |
| NEXTEP BENEFITS SERVICES, INC. Norman · 2 employees | $237K | 0.0 mi |
| S&J STAFFING Norman · 29 employees | $3.8M | 1.0 mi |
| DAV-FORCE INC Norman · 111 employees | $14.2M | 1.0 mi |
| STEOPLE GROUP LLC Norman · 1 employees | $118K | 1.1 mi |
| ALLSHORE GLOBAL RESOURCES LLC Norman · 6 employees | $859K | 2.8 mi |
| THE VITRUVIAN GROUP, LLC Norman · 2 employees | $200K | 3.3 mi |
The full calculation
| Employees reported to the SBA | 182 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.6M |
| Estimate: the two combined (geometric mean) | $23.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $2.0M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 14% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $11.2M |
| Multiple for this size and industry | 5.5× |
| Value range | $6.7M – $17.5M |
| Revenue range | $17.4M – $30.2M |
| EBITDA range | $1.5M – $2.7M |
| Industry (NAICS) | Professional Employer Organizations (561330) |
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
“For nearly 30 years, Nextep has built a secure, reliable foundation for growing businesses nationwide.”
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 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 | $2.5M | 182 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Nextep Professional Services, Inc.
Nextep Professional Services, Inc. is a staffing & recruiting company in Norman, Oklahoma, in business since 2004. It is owned by Brian Fayak (Founder & CEO). Its estimated annual revenue is about $23.3M, with roughly $2.0M of EBITDA. It has about 182 employees. Its estimated business value is $11.2M (likely range $6.7M–$17.5M).
Common questions
- Who owns Nextep Professional Services, Inc.?
- Nextep Professional Services, Inc. is owned by Brian Fayak (Founder & CEO), according to public sources such as the company's website or filings.
- How much revenue does Nextep Professional Services, Inc. make?
- SeeBITDA estimates Nextep Professional Services, Inc.'s annual revenue at about $23.3M (likely between $17.4M and $30.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nextep Professional Services, Inc. worth?
- About $11.2M, roughly 5.5× its estimated EBITDA of $2.0M, typical for a staffing & recruiting company its size. Likely range: $6.7M–$17.5M.
- How many employees does Nextep Professional Services, Inc. have?
- About 182, as reported on its PPP loan.
- When was Nextep Professional Services, Inc. founded?
- Nextep Professional Services, Inc. has been in business since 2004.