Penley Transportation Company
How we got $40.3M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 23% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PENLEY TRANSPORTATION COMPANY this business | $177.1M | — |
| PENLEY OIL COMPANY Oklahoma City · 19 employees | $263.6M | 0.0 mi |
| COMMERCIAL LUBRICATORS INC. Oklahoma City · 5 employees | $71.4M | 1.3 mi |
| SEIBOLD ENERGY CO., INC. Oklahoma City · 2 employees | $41.3M | 2.2 mi |
| ENERGY FINANCIAL AND PHYSICAL, LP Oklahoma City · 11 employees | $167.1M | 3.7 mi |
| AMERICAN BUTANE AND PROPANE GAS COMPANY Oklahoma City · 12 employees | $173.6M | 6.2 mi |
| PIONEER TRUCKING, LLC Oklahoma City · 9 employees | $165.8M | 6.9 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $244.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $98.8M |
| Estimate: the two combined (geometric mean) | $177.1M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $6.5M |
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 | $40.3M |
| Multiple for this size and industry | 6.2× |
| Value range | $21.2M – $55.1M |
| Revenue range | $116.5M – $202.0M |
| EBITDA range | $4.3M – $7.4M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingFirst National Bank of OklahomaPPP / 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
| First National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 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 | $115K | 14 |
| 1/27/2021 | second | $114K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Penley Transportation Company
Penley Transportation Company is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Oklahoma City, Oklahoma, in business since 2014. It is owned by Josh Grellner. Its estimated annual revenue is about $177.1M, with roughly $6.5M of EBITDA. It has about 14 employees. Its estimated business value is $40.3M (likely range $21.2M–$55.1M).
Common questions
- Who owns Penley Transportation Company?
- Penley Transportation Company is owned by Josh Grellner, according to public sources such as the company's website or filings.
- How much revenue does Penley Transportation Company make?
- SeeBITDA estimates Penley Transportation Company's annual revenue at about $177.1M (likely between $116.5M and $202.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Penley Transportation Company worth?
- About $40.3M, roughly 6.2× its estimated EBITDA of $6.5M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $21.2M–$55.1M.
- How many employees does Penley Transportation Company have?
- About 14, as reported on its PPP loan.
- When was Penley Transportation Company founded?
- Penley Transportation Company has been in business since 2014.