Rightway Insurance, LLC.
How we got $1.1M
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
- In business 18 years (since 2008)
- Family in the business (Todd Prehm, Agent)
From public records and the company's website, not a statement that it's for sale.
What they do
Rightway Insurance is an independent insurance agency offering personal and commercial insurance coverages to clients in Oklahoma. It has a dedicated team for each client and offers quick online quotes.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Allstate · brand it sells or installs
- BCBS · brand it sells or installs
- CIGNA · brand it sells or installs
- CNA · brand it sells or installs
- Foremost · brand it sells or installs
- Great American · brand it sells or installs
- Hanover · brand it sells or installs
- Hartford · brand it sells or installs
- Humana · brand it sells or installs
- Kemper · brand it sells or installs
- Mercury · brand it sells or installs
- MetLife · brand it sells or installs
- Mutual of Omaha · brand it sells or installs
- North American Company · brand it sells or installs
- Principal · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SANTIAGO-BRENNAN'S MCDONALD'S INC. · Edmond, 1 mi · $74.6M
- OZARK PIZZA COMPANY, LLC · Oklahoma City, 5 mi · $67.7M
- CB RESTAURANTS, INC. · Oklahoma City, 3 mi · $53.9M
- WICHITA SDI, LLC · Prague, 48 mi · $46.7M
- MAGNUM FOODS, INC. · Oklahoma City, 5 mi · $43.0M
- HOBBY LOBBY STORES INC · Oklahoma City, 15 mi · $206.0M
- D & M CARRIERS LLC · Oklahoma City, 14 mi · $115.4M
- MILLER TRUCK LINES LLC · Stroud, 49 mi · $106.6M
- A-1 FREEMAN MOVING AND STORAGE · Okc, 3 mi · $89.3M
- WESTERN FLYER EXPRESS, LLC · Oklahoma City, 15 mi · $89.1M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Rightway Insurance, LLC. this business | $806K | — |
| HEARTLAND INSURANCE SOLUTIONS, LLC Edmond · 1 employees | $223K | 0.0 mi |
| RIGHTWAY CONSULTING GROUP INC. Edmond · 6 employees | $1.2M | 0.1 mi |
| Nerissa Berry's Insurance Agency Oklahoma City | $806K | 0.2 mi |
| Blake Jordan Agency Edmond | $806K | 0.2 mi |
| VARDE INSURANCE GROUP Edmond · 3 employees | $674K | 0.2 mi |
| VICE CONSTRUCTION, INC. Edmond · 13 employees | $2.0M | 0.3 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 | $1.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $411K – $1.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (38%). Treat these as a rough guide.
| Revenue range | $371K – $1.0M |
| EBITDA range | $143K – $387K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Leadership
- CICarrie IrwinCSR/Commercial lines · Company website · source
- CSCara SteelmanAgent/CSR · Company website · source
- DRDiego RamirezCSR/Agent · Company website · source
- TPTodd PrehmAgent · Company website · source
- GSGreg SandersAgent/Owner · Company website · source
- ASAustin SlateAgent · Company website · source
- TSTyler SandersAgent · Company website · source
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 Rightway Insurance, LLC.
Rightway Insurance, LLC. is an insurance agencies company in Edmond, Oklahoma, in business since 2008. It is owned by Mike Prehm (Agent/Owner). Its estimated annual revenue is about $806K, with roughly $310K of EBITDA. Its estimated business value is $1.1M (likely range $411K–$1.7M).
Common questions
- Who owns Rightway Insurance, LLC.?
- Rightway Insurance, LLC. is owned by Mike Prehm (Agent/Owner), according to public sources such as the company's website or filings.
- How much revenue does Rightway Insurance, LLC. make?
- SeeBITDA estimates Rightway Insurance, LLC.'s annual revenue at about $806K (likely between $371K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rightway Insurance, LLC. worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $310K, typical for a insurance agencies company its size. Likely range: $411K–$1.7M.
- When was Rightway Insurance, LLC. founded?
- Rightway Insurance, LLC. has been in business since 2008.