Rees Associates, Inc.
How we got $10.1M
Based on 74 employees on its 2025 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 51 years (since 1975)
- Founder still runs it after 51 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
REES Associates, Inc. is an architecture, planning and interior design firm with offices in Oklahoma City, Dallas and Houston, serving clients across a range of commercial, healthcare, government and other markets.
From the company's website. Industry: Law firms.
Customers & suppliers
Customers
- Mercy · named on its website
- Digestive Disease Specialists, Inc · named on its website
- Goosehead Insurance · named on its website
- Cleveland County · named on its website
- Diversion Hub · named on its website
- Fortune 500 Technology Company · named on its website
- ReMerge · named on its website
- Chickasaw Nation Medical Center · named on its website
- City of Edmond · named on its website
- Stillwater Medical Center · named on its website
- City of Elk City · named on its website
- SSM Health · named on its website
- Grady County Health Department · named on its website
- US Radiology Specialists · named on its website
- Baylor Scott & White · named on its website
Estimated value over time
▲ 37% 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
▲ 10% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 67 | $18.6M |
| 2020 | Form 5500 | 56 | $15.6M |
| 2021 | Form 5500 | 57 | $15.8M |
| 2022 | Form 5500 | 58 | $16.1M |
| 2023 | Form 5500 | 57 | $15.8M |
| 2024 | Form 5500 | 70 | $19.4M |
| 2025 | Form 5500 | 74 | $20.6M |
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 |
|---|---|---|
| REES ASSOCIATES, INC. this business | $18.3M | — |
| Adler Markoff and Associates Oklahoma City | $519K | 0.0 mi |
| DANIEL PINES MARKOFF PC Oklahoma City · 17 employees | $3.9M | 0.3 mi |
| JAS LAW GROUP PLLC Oklahoma City · 1 employees | $259K | 0.7 mi |
| Jim A Lyon Law Firm Oklahoma City | $1.0M | 0.7 mi |
| ROBERTSON & WILLIAMS, INC. Oklahoma City · 4 employees | $1.0M | 0.7 mi |
| MARK A ROBERTSON PC Oklahoma City · 1 employees | $305K | 0.8 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $10.1M |
| Multiple for this size and industry | 4.1× |
| Value range | $6.4M – $18.1M |
| Employees in its retirement plan (2025 Form 5500) | 74 |
| Industry revenue per employee | $278K |
| Revenue = employees × revenue per employee | $18.3M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $2.5M |
| For comparison: employees reported for PPP (2020) | 67 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $14.7M – $27.5M |
| EBITDA range | $2.0M – $3.7M |
| Industry (NAICS) | Offices of Lawyers (541110) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- APAllan ParrChief Executive Officer · Company website · source
- FWFrank W. Rees, Jr.Founder · Company website · source
- RGRob GenterSenior Vice President & Operations Director Texas · Company website · source
- FKFarooq KarimSenior Vice President & Design Director · Company website · source
- SLStephen LawsonSenior Vice President & Client Development Director · Company website · source
- JTJay TullisSenior Vice President & Project Delivery and Quality Directo · Company website · source
- KAKatie ArcherVice President & Business Operations Director Oklahoma · Company website · source
- DGDiane GarrettSigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- BankingFirst Source Federal Credit UnionPPP / 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 Source Federal Credit Union PPP 2020, PPP 2021 | All 11 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $1.1M | 58 |
| 3/20/2021 | second | $1.1M | 67 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rees Associates, Inc.
Rees Associates, Inc. is a law firms company in Oklahoma City, Oklahoma, in business since 1975. It is owned by Frank Rees (Founder). Its estimated annual revenue is about $18.3M, with roughly $2.5M of EBITDA. It has about 74 employees. Its estimated business value is $10.1M (likely range $6.4M–$18.1M).
Common questions
- Who owns Rees Associates, Inc.?
- Rees Associates, Inc. is owned by Frank Rees (Founder), according to public sources such as the company's website or filings.
- How much revenue does Rees Associates, Inc. make?
- SeeBITDA estimates Rees Associates, Inc.'s annual revenue at about $18.3M (likely between $14.7M and $27.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rees Associates, Inc. worth?
- About $10.1M, roughly 4.1× its estimated EBITDA of $2.5M, typical for a law firms company its size. Likely range: $6.4M–$18.1M.
- How many employees does Rees Associates, Inc. have?
- About 74, from its 2025 retirement-plan filing.
- When was Rees Associates, Inc. founded?
- Rees Associates, Inc. has been in business since 1975.
- Is Rees Associates, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 51 years (since 1975); founder still runs it after 51 years; no family successor named on its website.