Pathway Services, Inc.
How we got $7.0M
Based on its 51 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 30 years (since 1996)
- Founder still runs it after 30 years
From public records and the company's website, not a statement that it's for sale.
Customers & suppliers
Customers
- Federal Highway Administration · federal contracts $4.1M
Estimated value over time
▲ 25% 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
▲ 80% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 51 | $4.3M |
| 2020 | Form 5500 | 64 | $5.4M |
| 2021 | Form 5500 | 61 | $5.1M |
| 2022 | Form 5500 | 36 | $3.0M |
| 2023 | Form 5500 | 57 | $4.8M |
| 2024 | Form 5500 | 68 | $5.7M |
| 2025 | Form 5500 | 92 | $7.7M |
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 |
|---|---|---|
| PATHWAY SERVICES, INC. this business | $16.9M | — |
| MYERS TRANSPORT INC. Broken Arrow · 4 employees | $872K | 2.2 mi |
| GREGORY BOSWELL Tulsa · 1 employees | $214K | 2.5 mi |
| GUARDIAN INTERLOCK, LLC Tulsa · 7 employees | $2.2M | 2.9 mi |
| G & A EXPRESS TRUCKING LLC Tulsa · 4 employees | $736K | 3.5 mi |
| STEWART BROTHERS INC Tulsa · 7 employees | $1.9M | 4.7 mi |
| KEITH'S WRECKER SERVICE LLC Broken Arrow · 1 employees | $294K | 6.5 mi |
The full calculation
| Employees reported to the SBA | 51 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $18.2M |
| Estimate: the two combined (geometric mean) | $16.9M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.5M |
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 | $7.0M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.7M – $9.6M |
| Revenue range | $11.1M – $19.3M |
| EBITDA range | $983K – $1.7M |
| Industry (NAICS) | Other Support Activities for Road Transportation (488490) |
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
People & advisors
Advisors
- BankingThe First National Bank and Trust Company of Broken ArrowPPP / 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
| The First National Bank and Trust Company of Broken Arrow PPP 2020 | All 149 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $600K | 51 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Pathway Services, Inc.
Pathway Services, Inc. is an other support activities for road transportation company in Broken Arrow, Oklahoma, in business since 1996. It is owned by Rudy Blanco (Founder and President). Its estimated annual revenue is about $16.9M, with roughly $1.5M of EBITDA. It has about 92 employees. Its estimated business value is $7.0M (likely range $3.7M–$9.6M).
Common questions
- Who owns Pathway Services, Inc.?
- Pathway Services, Inc. is owned by Rudy Blanco (Founder and President), according to public sources such as the company's website or filings.
- How much revenue does Pathway Services, Inc. make?
- SeeBITDA estimates Pathway Services, Inc.'s annual revenue at about $16.9M (likely between $11.1M and $19.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Pathway Services, Inc. worth?
- About $7.0M, roughly 4.7× its estimated EBITDA of $1.5M, typical for a other support activities for road transportation company its size. Likely range: $3.7M–$9.6M.
- How many employees does Pathway Services, Inc. have?
- About 92, from its 2025 retirement-plan filing.
- When was Pathway Services, Inc. founded?
- Pathway Services, Inc. has been in business since 1996.
- Is Pathway Services, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 30 years (since 1996); founder still runs it after 30 years.