Rickets Fennell & Associates LLC
How we got $5.7M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Rickets Fennell & Associates is an independent insurance agency offering casualty, property, bonds, benefits, workers compensation and group health coverage to businesses. It has been operating for more than 20 years and has offices in Ardmore, Tulsa, and Oklahoma City, OK, and Gordonville, TX.
From the company's website. Industry: Insurance agencies.
Estimated value over time
▲ 30% 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
▲ 17% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $2.2M |
| 2020 | Form 5500 | 13 | $2.3M |
| 2021 | Form 5500 | 13 | $2.3M |
| 2022 | Form 5500 | 12 | $2.2M |
| 2023 | Form 5500 | 14 | $2.5M |
| 2024 | Form 5500 | 16 | $2.9M |
| 2025 | Form 5500 | 14 | $2.5M |
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 |
|---|---|---|
| RICKETS FENNELL & ASSOCIATES LLC this business | $3.5M | — |
| FRED TAYAR INSURANCE, INC. Ardmore · 1 employees | $408K | 0.2 mi |
| Karen Black Insurance Ardmore | $806K | 0.3 mi |
| JOHN F SULLIVAN INCORPORATED Ardmore · 17 employees | $6.3M | 0.3 mi |
| Sullivan Insurance Agency Ardmore | $806K | 0.3 mi |
| MW FINANCIAL INC Ardmore · 2 employees | $380K | 0.4 mi |
| PAULA BUSH INSURANCE AGENCY, INC. Ardmore · 5 employees | $1.2M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 12 |
| 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) | $3.9M |
| Estimate: the two combined (geometric mean) | $3.5M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.1M |
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 | $5.7M |
| Multiple for this size and industry | 5.4× |
| Value range | $3.0M – $7.8M |
| Revenue range | $2.3M – $4.0M |
| EBITDA range | $693K – $1.2M |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
“For more than 20 years, the independent insurance agents of Rickets Fennell have been committed to helping our clients reach new heights in business.”
Leadership
- ARArthur RicketsInsurance Agent · Company website · source
- DRDrew RicketsInsurance Agent · Company website · source
- VCVicky CourtneyInsurance Agent · Company website · source
- SHSteve HollowayInsurance Agent · Company website · source
Advisors
- BankingFirst National Bank and Trust Company of ArdmorePPP / 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 and Trust Company of Ardmore PPP 2020 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $174K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rickets Fennell & Associates LLC
Rickets Fennell & Associates LLC is an insurance agencies company in Ardmore, Oklahoma, in business since 2018. Its estimated annual revenue is about $3.5M, with roughly $1.1M of EBITDA. It has about 14 employees. Its estimated business value is $5.7M (likely range $3.0M–$7.8M).
Common questions
- Who owns Rickets Fennell & Associates LLC?
- The owner of Rickets Fennell & Associates LLC 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 Rickets Fennell & Associates LLC make?
- SeeBITDA estimates Rickets Fennell & Associates LLC's annual revenue at about $3.5M (likely between $2.3M and $4.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rickets Fennell & Associates LLC worth?
- About $5.7M, roughly 5.4× its estimated EBITDA of $1.1M, typical for a insurance agencies company its size. Likely range: $3.0M–$7.8M.
- How many employees does Rickets Fennell & Associates LLC have?
- About 14, from its 2025 retirement-plan filing.
- When was Rickets Fennell & Associates LLC founded?
- Rickets Fennell & Associates LLC has been in business since 2018.