Associated Steel Group, Llc
How we got $355K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Unlikely to sell soon
- Acquired by Hanwa American Corporation (2026)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Hanwa American Corporation · Jul 2026Associated Steel Group, LLC of Oklahoma City agreed to be acquired by Hanwa American Corporation, a subsidiary of Hanwa Co., Ltd.Source
Employees over time
▲ 61% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 439 | $117.8M |
| 2021 | Form 5500 | 516 | $138.5M |
| 2022 | Form 5500 | 501 | $134.4M |
| 2023 | Form 5500 | 495 | $132.8M |
| 2024 | Form 5500 | 767 | $205.8M |
| 2025 | Form 5500 | 707 | $189.7M |
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 |
|---|---|---|
| Associated Steel Group, Llc this business | $942K | — |
| PAIGE LEE ATTORNEY AT LAW P.C. Oklahoma City · 1 employees | $449K | 1.1 mi |
| CATO LAW FIRM Oklahoma City · 1 employees | $466K | 1.4 mi |
| LEGAL DYNAMICS PLLC Oklahoma City · 1 employees | $242K | 1.5 mi |
| Adoption Legal Services Of Oklahoma Oklahoma City | $942K | 1.9 mi |
| Charles L. Watts, PLLC Oklahoma City | $1.9M | 1.9 mi |
| DIXIE AIRE TITLE SERVICE INC Oklahoma City · 6 employees | $1.2M | 2.5 mi |
The full calculation
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 | $355K |
| Multiple for this size and industry | 1.9× |
| Value range | $124K – $591K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Legal Services businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (20%). Treat these as a rough guide.
| Revenue range | $411K – $1.3M |
| EBITDA range | $81K – $259K |
| Industry (NAICS) | Legal Services (5411) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Leadership
- EMEric McMillanChief Financial Officer · From a web search · source
- EME. M.Chief Financial Officer · From a web search · source
Advisors
- AccountingHogan Taylor LLPAudits its 401(k) plan (2025 filing)
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Associated Steel Group, Llc
Associated Steel Group, Llc is a law firms company in Oklahoma City, Oklahoma. It is owned by Rob Mutersbaugh (CEO). Its estimated annual revenue is about $942K, with roughly $187K of EBITDA. It has about 707 employees. Its estimated business value is $355K (likely range $124K–$591K).
Common questions
- Who owns Associated Steel Group, Llc?
- Associated Steel Group, Llc is owned by Rob Mutersbaugh (CEO), according to public sources such as the company's website or filings.
- How much revenue does Associated Steel Group, Llc make?
- SeeBITDA estimates Associated Steel Group, Llc's annual revenue at about $942K (likely between $411K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Associated Steel Group, Llc worth?
- About $355K, roughly 1.9× its estimated EBITDA of $187K, typical for a law firms company its size. Likely range: $124K–$591K.
- How many employees does Associated Steel Group, Llc have?
- About 707, from its 2025 retirement-plan filing.