Rite-Way Construction LLC
How we got $93.8M
Based on its 124 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 52 years (since 1974)
From public records and the company's website, not a statement that it's for sale.
What they do
Rite-Way Construction LLC is an Enid, OK company offering oilfield lifting, construction and maintenance services with 24/7 on-call availability, serving the oilfield industry.
From the company's website. Industry: Oil & gas.
Estimated value over time
▲ 9% 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 |
|---|---|---|
| RITE-WAY CONSTRUCTION LLC this business | $68.8M | — |
| ABC SVCS LLC Enid · 8 employees | $3.1M | 0.0 mi |
| ABS SVCS LLC Enid · 8 employees | $3.0M | 0.0 mi |
| D.B.P. LLC Enid · 2 employees | $1.4M | 0.0 mi |
| OIL COUNTRY PIPE & SUPPLY CO Enid · 11 employees | $4.7M | 0.0 mi |
| MARSAU ENTERPRISES, INC. Enid · 230 employees | $144.4M | 1.5 mi |
| COPELAND PUMP, LLC Enid · 3 employees | $1.4M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 124 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $68.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $53.1M |
| Estimate: the two combined (geometric mean) | $68.8M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $15.6M |
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 | $93.8M |
| Multiple for this size and industry | 6× |
| Value range | $49.4M – $128.4M |
| Revenue range | $45.3M – $78.5M |
| EBITDA range | $10.3M – $17.8M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
“Founded in 1974 and based in Enid, Oklahoma, Rite-Way Construction LLC has been a cornerstone of the oilfield industry for 50 years.”
Advisors
- BankingThe Security National Bank of EnidPPP / 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
| The Security National Bank of Enid PPP 2020, PPP 2021 | All 204 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $1.4M | 124 |
| 1/16/2021 | second | $1.3M | 124 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rite-Way Construction LLC
Rite-Way Construction LLC is an oil & gas company in Enid, Oklahoma, in business since 1974. It is owned by Pete Dinsmore. Its estimated annual revenue is about $68.8M, with roughly $15.6M of EBITDA. It has about 124 employees. Its estimated business value is $93.8M (likely range $49.4M–$128.4M).
Common questions
- Who owns Rite-Way Construction LLC?
- Rite-Way Construction LLC is owned by Pete Dinsmore, according to public sources such as the company's website or filings.
- How much revenue does Rite-Way Construction LLC make?
- SeeBITDA estimates Rite-Way Construction LLC's annual revenue at about $68.8M (likely between $45.3M and $78.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rite-Way Construction LLC worth?
- About $93.8M, roughly 6× its estimated EBITDA of $15.6M, typical for a oil & gas company its size. Likely range: $49.4M–$128.4M.
- How many employees does Rite-Way Construction LLC have?
- About 124, as reported on its PPP loan.
- When was Rite-Way Construction LLC founded?
- Rite-Way Construction LLC has been in business since 1974.