SeeBITDAOklahoma

Tristate Ins of Grove

Insurance agencies
  • 2114 S Main St, Grove, OK
  • Since 1992
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
Eric Lofland
Agent/Owner · source
Some signs of a sale
tristateins.comLinkedIn
Contact
Find Eric Lofland 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

Signs of a sale Some signs of a sale

  • In business 34 years (since 1992)
  • 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

TriState Insurance is an insurance agency serving the Midwest since 1992, offering personal and commercial insurance with a focus on understanding each client's needs.

Products & services
Auto InsuranceHome InsuranceLife InsurancePersonal LinesCommercial AutoCommercial PropertyCommercial TruckingPublic EntityLife Benefits
Markets served
CommercialPublic EntityAutomobile DealershipsAuto Parts & Supply StoresBanksDay Care CentersHotels/MotelsOffices
Service area
OKMOARMidwestGrove, OklahomaSeneca, Missouri

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.

Car dealers
Banks & credit unions
Child care

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
Tristate Ins of Grove
this business
$806K$310K—
Holt Independent Insurance
Grove
$806K$310K0.2 mi
AAA Grove - Insurance/Membership Only
Grove
$806K$310K0.8 mi
GRAND LAKE INSURANCE, INC
Grove · 2 employees
$625K$240K0.8 mi
STONHAVEN INSURANCE LLC
Grove · 6 employees
$1.4M$444K0.8 mi
Insurica Grove
Grove
$806K$310K0.8 mi
Shelter Insurance
Grove
$806K$310K0.9 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 1992
“Tristate Insurance was established in 1992 in Seneca, Missouri.”

Leadership

  • AW
    Autumn Warner
    Office Director · Company website · source
  • MW
    Mike Wyrick
    In-House Agent · Company website · source
  • MT
    Melody Thorne
    CSR · Company website · source
  • RK
    Rachelle Kihenia
    CSR · Company website · source
  • CR
    Cassie Rentfrow
    In-House Agent · Company website · source
  • JH
    Julie Handrich
    In-House Agent · Company website · source
  • MS
    Michelle Stevens-Holt
    Agent · Company website · source
  • GH
    Ginger Huston
    Receptionist · 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 Tristate Ins of Grove

Tristate Ins of Grove is an insurance agencies company in Grove, Oklahoma, in business since 1992. It is owned by Eric Lofland (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 Tristate Ins of Grove?
Tristate Ins of Grove is owned by Eric Lofland (Agent/Owner), according to public sources such as the company's website or filings.
How much revenue does Tristate Ins of Grove make?
SeeBITDA estimates Tristate Ins of Grove'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 Tristate Ins of Grove 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 Tristate Ins of Grove founded?
Tristate Ins of Grove has been in business since 1992.