Who owns Insurance Placement Alternatives?

Insurance Placement Alternatives is owned by Steve L. Payne (Managing Partner, Producing Agent), according to public sources such as the company's website or filings.

How much revenue does Insurance Placement Alternatives make?

SeeBITDA estimates Insurance Placement Alternatives's annual revenue at about $815K (likely between $374K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.

What is Insurance Placement Alternatives worth?

About $1.1M, roughly 3.6× its estimated EBITDA of $313K, typical for a insurance agencies company its size. Likely range: $415K–$1.7M.

When was Insurance Placement Alternatives founded?

Insurance Placement Alternatives has been in business since 2018.

Insurance Placement Alternatives

Insurance agencies

1937 W 33rd St, Edmond, OK
Since 2018
NAICS 5242

Company websiteipa-insurance.com Find on LinkedInSearch LinkedIn for this company

Estimated valueLow confidence

$1.1M

$415Klikely range$1.7M

About 3.6× its yearly profit, typical for a company this size in its industry.

Revenue

$815K

a year

Profit (EBITDA)

$313K

38% of revenue

Employees

—

not reported

Leadership

Steve L. Payne

Managing Partner, Producing Agent · source · confirmed by 2 sources

Shelia McCalister
Operations Manager · Company website
Maureen Farndon
Commercial Lines Account Manager · Company website
Khadijah “Dee” Spears
Personal Lines Account Manager · Company website

Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

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$815K

Revenue$815K

× 38% profit margin$313K

× 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

IPA Insurance Agency in Edmond, OK provides insurance, risk management, and employee benefits solutions to a diverse group of commercial clients across several industries. It also offers personal lines coverage and surety and bonding for contractors.

Products & services

insurance placementrisk managementemployee benefits solutionsGeneral LiabilityTitle E&ODealer's E&OBusiness InterruptionOpen Lot coverageEmployment Practices LiabilityCrime coverageBondsEmployee benefits

Markets served

Auto DealersConstructionEnergyHealthcareHospitalityManufacturingPersonal LinesTransportation

Service area

all 50 states

Certifications

CA License: 0G47886SBA certified

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

ESKRIDGE AUTO GROUP, INC. · Oklahoma City, 1 mi · $314.9M
HUDIBURG CHEVROLET, LLC · Midwest City, 14 mi · $278.6M
FERGUSON PONTIAC-GMC, INC. · Norman, 25 mi · $266.8M
FOWLER OF NORMAN INC · Norman, 25 mi · $243.0M
BADGER VALLEY INVESTMENTS, LLC · Pauls Valley, 63 mi · $223.5M

Manufacturing

LSB INDUSTRIES, INC · Oklahoma City, 7 mi · $615.2M
DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 4 mi · $339.7M
SOUTHWESTERN WIRE INC · Norman, 30 mi · $312.5M
AIRX CLIMATE SOLUTIONS, INC. · Yukon, 17 mi · $245.1M
MERCER VALVE CO., INC. · Oklahoma City, 14 mi · $232.1M

Compared with similar businesses nearby

Business	Est. revenue	Est. profit	Distance
Insurance Placement Alternatives this business	$815K	$313K	—
Farmers Insurance - Lin Stepinski Edmond	$1.6M	$535K	0.0 mi
Country Insurance & Financial Services Edmond	$815K	$313K	0.2 mi
Drew Vincent - State Farm Insurance Agent Edmond	$815K	$313K	0.4 mi
ANN M SMITH INSURANCE AGENCY INC Edmond · 3 employees	$898K	$295K	0.4 mi
SV2020 LLC Edmond · 3 employees	$564K	$217K	0.4 mi
VICE CONSTRUCTION, INC. Edmond · 13 employees	$2.0M	$596K	0.6 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	$415K – $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	$374K – $1.0M
EBITDA range	$144K – $392K
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

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Insurance Placement Alternatives

Insurance Placement Alternatives is an insurance agencies company in Edmond, Oklahoma, in business since 2018. It is owned by Steve L. Payne (Managing Partner, Producing Agent). Its estimated annual revenue is about $815K, with roughly $313K of EBITDA. Its estimated business value is $1.1M (likely range $415K–$1.7M).

Common questions

Who owns Insurance Placement Alternatives?: Insurance Placement Alternatives is owned by Steve L. Payne (Managing Partner, Producing Agent), according to public sources such as the company's website or filings.
How much revenue does Insurance Placement Alternatives make?: SeeBITDA estimates Insurance Placement Alternatives's annual revenue at about $815K (likely between $374K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Insurance Placement Alternatives worth?: About $1.1M, roughly 3.6× its estimated EBITDA of $313K, typical for a insurance agencies company its size. Likely range: $415K–$1.7M.
When was Insurance Placement Alternatives founded?: Insurance Placement Alternatives has been in business since 2018.