SeeBITDAOklahoma

Richardson Insurance Group

Insurance agencies
  • 2100 N Eastern Ave, Moore, OK
  • Since 2020
Estimated valueLow confidence
$1.1M
$411Klikely range$1.7M
About 3.6× its yearly profit, typical for a company this size in its industry.
Revenue
$806K
a year
Profit (EBITDA)
$310K
38% of revenue
Employees
—
not reported
Derek A. Richardson
Founder & President · source
richardsoninsgroup.comLinkedIn
Contact
Find Derek A. Richardson on RocketReach Request removal or correction

How we got $1.1M

Based on typical figures for its industry (2022 Economic Census), not its own records.

A typical insurance agencies business in Oklahoma$806K
Revenue$806K
× 38% profit margin$310K
× 3.6 sale multiple = value$1.1M

· Own this business? Correct these figures

What we know

No PPP loan
No 401(k) filing
No reported financials
Company website
Owner named

What they do

Richardson Insurance Group is a specialty commercial insurance firm that underwrites risks in industries that many traditional carriers find difficult to assess, including construction, petroleum and hazmat, social services and non-profit, and landscaping and tree services.

Products & services
Specialty commercial insuranceBonding and insurance claims servicesLoss control implementationCaptive insurance programsGeneral liability coverageProfessional liability coverage / errors and omissions coverageIncome loss coverageBuilder's risk coverageCommercial vehicle coverageWorker's compensationCommercial auto liability (with MCS-90)Motor truck cargo
Markets served
ConstructionPetroleum & HazmatSocial Services & Non-profitLandscaping & Tree ServicesCaptive
Service area
Hunt Valley, Maryland

From the company's website. Industry: Insurance agencies.

Customers & suppliers

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Oil & gas
Churches & nonprofits
Landscaping & lawn care

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
Richardson Insurance Group
this business
$806K$310K—
Mike Purvine - COUNTRY Financial representative
Moore
$806K$310K0.1 mi
Country Financial
Moore
$806K$310K0.1 mi
Kyle Gray
Moore
$806K$310K0.4 mi
Clear View Insurance Services
Moore
$806K$310K1.0 mi
Universal Insurance Agency, Inc.
Moore
$806K$310K1.0 mi
Payne Insurance Agency
Moore
$806K$310K1.1 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 industry3.6×
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

Founded by Derek A. Richardson

Leadership

  • MH
    Michele Hennessey
    Commercial Vice President · Company website · source
  • JH
    Justin Hockley
    Partner · Company website · source
  • RP
    Robert "Bobby" Phelan
    Partner · 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 Richardson Insurance Group

Richardson Insurance Group is an insurance agencies company in Moore, Oklahoma, in business since 2020. It is owned by Derek A. Richardson (Founder & President). 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 Richardson Insurance Group?
Richardson Insurance Group is owned by Derek A. Richardson (Founder & President), according to public sources such as the company's website or filings.
How much revenue does Richardson Insurance Group make?
SeeBITDA estimates Richardson Insurance Group'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 Richardson Insurance Group 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 Richardson Insurance Group founded?
Richardson Insurance Group has been in business since 2020.