Oklahoma Electric Cooperative
How we got $302.5M
Based on its 170 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 30 years (since 1996)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Oklahoma Electric Cooperative is an electric cooperative in Norman, Oklahoma that provides electric service to its members and offers OEC Fiber internet service to homes and businesses.
From the company's website. Industry: Electric Power Distribution.
Estimated value over time
▲ 47% 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 |
|---|---|---|
| OKLAHOMA ELECTRIC COOPERATIVE this business | $404.9M | — |
| BERGEY WINDPOWER CO. LLC Norman · 18 employees | $32.4M | 1.9 mi |
| TERRA ENERGY SERVICES INC. Oklahoma City · 1 employees | $700K | 10.9 mi |
| HVAC SERVICES, INC Blanchard · 2 employees | $5.1M | 12.4 mi |
| RL ELECTRIC OF PURCELL, LLC Purcell · 6 employees | $16.9M | 13.6 mi |
| FIVE STAR ELECTRIC, LLC Choctaw · 6 employees | $9.8M | 15.3 mi |
| EPIK ENERGY AND RENEWABLES, LLC Midwest City | $23.1M | 15.9 mi |
The full calculation
| Employees reported to the SBA | 170 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $316.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $398.7M |
| Estimate: the two combined (geometric mean) | $404.9M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $35.6M |
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 | $302.5M |
| Multiple for this size and industry | 8.5× |
| Value range | $159.2M – $413.9M |
| Revenue range | $266.3M – $461.6M |
| EBITDA range | $23.4M – $40.6M |
| Industry (NAICS) | Electric Power Distribution (221122) |
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. 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 2020 | 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 |
|---|---|---|---|
| 4/6/2020 | first | $3.6M | 170 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Oklahoma Electric Cooperative
Oklahoma Electric Cooperative is an electric power distribution company in Norman, Oklahoma, in business since 1996. It is owned by Patrick Grace (CEO). Its estimated annual revenue is about $404.9M, with roughly $35.6M of EBITDA. It has about 170 employees. Its estimated business value is $302.5M (likely range $159.2M–$413.9M).
Common questions
- Who owns Oklahoma Electric Cooperative?
- Oklahoma Electric Cooperative is owned by Patrick Grace (CEO), according to public sources such as the company's website or filings.
- How much revenue does Oklahoma Electric Cooperative make?
- SeeBITDA estimates Oklahoma Electric Cooperative's annual revenue at about $404.9M (likely between $266.3M and $461.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Oklahoma Electric Cooperative worth?
- About $302.5M, roughly 8.5× its estimated EBITDA of $35.6M, typical for a electric power distribution company its size. Likely range: $159.2M–$413.9M.
- How many employees does Oklahoma Electric Cooperative have?
- About 170, as reported on its PPP loan.
- When was Oklahoma Electric Cooperative founded?
- Oklahoma Electric Cooperative has been in business since 1996.