Performance Electric, Inc.
How we got $707K
Based on its 10 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 44 years (since 1982)
From public records and the company's website, not a statement that it's for sale.
What they do
Performance Electric Inc. is a family-owned electrical contractor in Oklahoma City offering residential, commercial and industrial electrical services and generator installation, repair and maintenance since 1982.
From the company's website. Industry: Electricians.
Customers & suppliers
Suppliers & brands
- Generac · brand it sells or installs
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PERFORMANCE ELECTRIC, INC. this business | $2.5M | — |
| CBE Repair Inc Oklahoma City | $1.8M | 0.2 mi |
| True Climate Heat + Air Oklahoma City | $3.7M | 0.3 mi |
| COMFORTWORKS, INC. Oklahoma City · 42 employees | $16.0M | 0.5 mi |
| PARKER ELECTRIC COMPANY, INC. Oklahoma City · 20 employees | $5.8M | 0.5 mi |
| AAA ELECTRICAL CONTRACTOR INC Oklahoma City · 21 employees | $6.9M | 0.6 mi |
| SIMPSON MECHANICAL & CONTRACTING SERVICES LLC Oklahoma City · 3 employees | $876K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $2.5M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $295K |
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 | $707K |
| Multiple for this size and industry | 2.4× |
| Value range | $372K – $967K |
| Revenue range | $1.7M – $2.9M |
| EBITDA range | $194K – $336K |
| 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
People & advisors
“In business since 1982, our family-owned, and locally-based, business has faithfully served commercial, residential and industrial clients all throughout Oklahoma.”
Advisors
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020, PPP 2021 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $74K | 10 |
| 1/16/2021 | second | $74K | 9 |
2 locations
| 3521 S Brunson Street | Oklahoma City | This listing |
| 317 N Portland Ave Ste E | 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 Performance Electric, Inc.
Performance Electric, Inc. is a family-owned electricians company in Oklahoma City, Oklahoma, in business since 1982. Its estimated annual revenue is about $2.5M, with roughly $295K of EBITDA. It has about 10 employees. Its estimated business value is $707K (likely range $372K–$967K). It has 2 locations.
Common questions
- Who owns Performance Electric, Inc.?
- The owner of Performance Electric, 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 Performance Electric, Inc. make?
- SeeBITDA estimates Performance Electric, Inc.'s annual revenue at about $2.5M (likely between $1.7M and $2.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Performance Electric, Inc. worth?
- About $707K, roughly 2.4× its estimated EBITDA of $295K, typical for a electricians company its size. Likely range: $372K–$967K.
- How many employees does Performance Electric, Inc. have?
- About 10, as reported on its PPP loan.
- When was Performance Electric, Inc. founded?
- Performance Electric, Inc. has been in business since 1982.