Preferred Service Cng LLC
- Richy MarsonFounder · Company website
How we got $1.2M
Based on its 7 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 23 years (since 2003)
- Founder still runs it after 23 years
- Family in the business (Richy Marson, Founder)
From public records and the company's website, not a statement that it's for sale.
What they do
Preferred Service CNG is licensed in Oklahoma and Texas to construct and maintain compressed natural gas (CNG) stations. It says its staff has a combined 80+ years of experience with compressed natural gas.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Customers
- Stockton Transports Inc · named on its website
- Chesapeake Energy · named on its website
- 7-11 · named on its website
- OnCue · named on its website
- Love's Country Stores · named on its website
- Hutchinson Oil · named on its website
- Total Environment · named on its website
- BOGO Energy · named on its website
- Quicksilver Resources · named on its website
- David Stanley Ford · named on its website
- State of Oklahoma · named on its website
- City of Oklahoma City · named on its website
- City of Tulsa · named on its website
- Joe Cooper Truck Center · named on its website
- Great Plains Coca Cola · named on its website
Estimated value over time
▲ 35% 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
▼ 57% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $1.4M |
| 2020 | Form 5500 | 4 | $817K |
| 2021 | Form 5500 | 5 | $1.0M |
| 2022 | Form 5500 | 5 | $1.0M |
| 2023 | Form 5500 | 4 | $817K |
| 2024 | Form 5500 | 3 | $613K |
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 |
|---|---|---|
| PREFERRED SERVICE CNG LLC this business | $2.2M | — |
| ASTAR, INC. Oklahoma City · 49 employees | $15.5M | 0.3 mi |
| JAMES FARRIS ASSOCIATES, LTD Oklahoma City · 3 employees | $1.6M | 0.4 mi |
| FIDLER MARKETING, INC. Oklahoma City · 16 employees | $6.2M | 0.5 mi |
| RSM INVESTMENTS, LLC Oklahoma City · 3 employees | $1.3M | 0.5 mi |
| NAADI HEALTHCARE LLC Oklahoma City · 9 employees | $3.5M | 0.5 mi |
| OKLAHOMA PETROLEUM MARKETERS & CONVENIENCE STORE ASSOCIATION Oklahoma City · 2 employees | $597K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.8M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $402K |
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 | $1.2M |
| Multiple for this size and industry | 3× |
| Value range | $634K – $1.6M |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $264K – $458K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
“Richard and Richy Marson started Preferred Service CNG L.L.C. in 2003 as an independently owned business.”
Advisors
- BankingJPMorgan Chase Bank, National AssociationPPP / 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
| JPMorgan Chase Bank, National Association PPP 2020, PPP 2021 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $85K | 6 |
| 3/24/2021 | second | $92K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Preferred Service Cng LLC
Preferred Service Cng LLC is a plumbing, heating & air company in Oklahoma City, Oklahoma, in business since 2003. It is owned by Richard and Richy Marson (Founder). Its estimated annual revenue is about $2.2M, with roughly $402K of EBITDA. It has about 3 employees. Its estimated business value is $1.2M (likely range $634K–$1.6M).
Common questions
- Who owns Preferred Service Cng LLC?
- Preferred Service Cng LLC is owned by Richard and Richy Marson (Founder), according to public sources such as the company's website or filings.
- How much revenue does Preferred Service Cng LLC make?
- SeeBITDA estimates Preferred Service Cng LLC's annual revenue at about $2.2M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Preferred Service Cng LLC worth?
- About $1.2M, roughly 3× its estimated EBITDA of $402K, typical for a plumbing, heating & air company its size. Likely range: $634K–$1.6M.
- How many employees does Preferred Service Cng LLC have?
- About 3, from its 2024 retirement-plan filing.
- When was Preferred Service Cng LLC founded?
- Preferred Service Cng LLC has been in business since 2003.