Peoples Electric Cooperative
- John W. HudsonManager of Operations · Web search
- Maranda BabbSigns company filings · Form 5500 (2025)
How we got $145.8M
Based on its 130 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
People's Electric Cooperative is an electric utility in Ada, OK that provides electric service, new construction connections, and related services to its members.
From the company's website. Industry: Electric Power Distribution.
Estimated value over time
▲ 173% 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
▼ 5% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 130 | $134.3M |
| 2020 | Form 5500 | 70 | $72.3M |
| 2021 | Form 5500 | 77 | $79.6M |
| 2022 | Form 5500 | 88 | $90.9M |
| 2023 | Form 5500 | 124 | $128.1M |
| 2024 | Form 5500 | 119 | $123.0M |
| 2025 | Form 5500 | 124 | $128.1M |
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 |
|---|---|---|
| PEOPLES ELECTRIC COOPERATIVE this business | $227.1M | — |
| JACKFORK RESOURCES INC Ada · 1 employees | $872K | 2.5 mi |
| KENNY AND KRISTI HAYES LLP Ada · 2 employees | $1.2M | 3.6 mi |
| BLUEFOR ENERGY SERVICES Coalgate · 5 employees | $9.5M | 26.9 mi |
| LANDMARK ENERGY, LLC Seminole · 15 employees | $29.2M | 30.1 mi |
| DNT ELECTRICAL SOLUTIONS Davis · 3 employees | $5.1M | 37.5 mi |
| CANADIAN VALLEY ELECTRIC COOPERATIVE, INC. Seminole · 73 employees | $81.9M | 40.7 mi |
The full calculation
| Employees reported to the SBA | 130 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $241.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $164.0M |
| Estimate: the two combined (geometric mean) | $227.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $19.4M |
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 | $145.8M |
| Multiple for this size and industry | 7.5× |
| Value range | $76.7M – $199.5M |
| Revenue range | $149.4M – $258.9M |
| EBITDA range | $12.8M – $22.2M |
| Industry (NAICS) | Electric Power Distribution (221122) |
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. 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
- BankingVision BankPPP / 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
| Vision Bank PPP 2021 | All 487 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/25/2021 | first | $1.5M | 130 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Peoples Electric Cooperative
Peoples Electric Cooperative is an electric power distribution company in Ada, Oklahoma, in business since 1998. It is owned by Randy J. Ethridge (Executive Vice President & General Manager). Its estimated annual revenue is about $227.1M, with roughly $19.4M of EBITDA. It has about 124 employees. Its estimated business value is $145.8M (likely range $76.7M–$199.5M).
Common questions
- Who owns Peoples Electric Cooperative?
- Peoples Electric Cooperative is owned by Randy J. Ethridge (Executive Vice President & General Manager), according to public sources such as the company's website or filings.
- How much revenue does Peoples Electric Cooperative make?
- SeeBITDA estimates Peoples Electric Cooperative's annual revenue at about $227.1M (likely between $149.4M and $258.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Peoples Electric Cooperative worth?
- About $145.8M, roughly 7.5× its estimated EBITDA of $19.4M, typical for a electric power distribution company its size. Likely range: $76.7M–$199.5M.
- How many employees does Peoples Electric Cooperative have?
- About 124, from its 2025 retirement-plan filing.
- When was Peoples Electric Cooperative founded?
- Peoples Electric Cooperative has been in business since 1998.