Patco Electrical Services, Inc.
How we got $11.8M
Based on its 91 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
What they do
PATCO Electrical Services, Inc. is an electrical contractor serving businesses in Oklahoma and surrounding states since 1993, offering installation and maintenance for commercial, industrial and educational projects.
From the company's website. Industry: Electricians.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 3 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 13 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 13 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 5 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 2 mi · $651.7M
- CLEVELAND PETROLEUM PRODUCTS, INC. · Cleveland, 83 mi · $234.4M
- EXCEL FOOD MART INC · Oklahoma City, 8 mi · $82.3M
- MODERN OIL COMPANY INC · Shawnee, 30 mi · $46.0M
- HAMMER ENTERPRISES, INC · Fairview, 80 mi · $25.3M
- D & S PASLAY, L.L.C. · Holdenville, 65 mi · $25.2M
Estimated value over time
▲ 22% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 91 | $17.6M |
| 2020 | Form 5500 | 80 | $15.5M |
| 2021 | Form 5500 | 79 | $15.3M |
| 2022 | Form 5500 | 63 | $12.2M |
| 2023 | Form 5500 | 37 | $7.2M |
| 2024 | Form 5500 | 65 | $12.6M |
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 |
|---|---|---|
| PATCO ELECTRICAL SERVICES, INC. this business | $30.9M | — |
| Tipton's Plumbing & Sewer Oklahoma City | $1.8M | 0.2 mi |
| Mr Mini Split Oklahoma City | $1.8M | 0.3 mi |
| PROLECTRIC CONTRACTORS LLC Oklahoma City · 9 employees | $2.0M | 0.4 mi |
| ATLANTIC FABRICATION & DESIGN, LLC Oklahoma City · 12 employees | $3.9M | 0.6 mi |
| W. J. SPREHE CO., INC. Oklahoma City · 4 employees | $1.3M | 0.6 mi |
| BARNETT ELECTRICAL LLC Oklahoma City · 41 employees | $12.2M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 91 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $26.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $28.1M |
| Estimate: the two combined (geometric mean) | $30.9M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $2.7M |
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 | $11.8M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.2M – $16.2M |
| Revenue range | $20.3M – $35.3M |
| EBITDA range | $1.8M – $3.1M |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingBancFirstPPP / SBA lender
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.
Banking relationships
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $1.0M | 91 |
3 locations
| 1509 SE 25th St | Oklahoma City | This listing |
| 16 SE I Ave | Lawton | View |
| 26 NE 26th St | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Patco Electrical Services, Inc.
Patco Electrical Services, Inc. is an electricians company in Oklahoma City, Oklahoma, in business since 2000. Its estimated annual revenue is about $30.9M, with roughly $2.7M of EBITDA. It has about 65 employees. Its estimated business value is $11.8M (likely range $6.2M–$16.2M). It has 3 locations.
Common questions
- Who owns Patco Electrical Services, Inc.?
- The owner of Patco Electrical Services, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Patco Electrical Services, Inc. make?
- SeeBITDA estimates Patco Electrical Services, Inc.'s annual revenue at about $30.9M (likely between $20.3M and $35.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Patco Electrical Services, Inc. worth?
- About $11.8M, roughly 4.4× its estimated EBITDA of $2.7M, typical for a electricians company its size. Likely range: $6.2M–$16.2M.
- How many employees does Patco Electrical Services, Inc. have?
- About 65, from its 2024 retirement-plan filing.
- When was Patco Electrical Services, Inc. founded?
- Patco Electrical Services, Inc. has been in business since 2000.