River Paint Construction LLC
How we got $2.1M
Based on its 27 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 19 years (since 2007)
- Headcount down 43% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
River Paint Construction is a Tulsa, OK commercial painting company offering painting and light construction services for commercial clients across Oklahoma.
From the company's website. Industry: Painting contractors.
Customers & suppliers
Customers
- Anthem Church · named on its website
- OSU CEAT Lab · named on its website
- St. Francis Hospital · named on its website
- OK Pop Museum · named on its website
- Tulsa Community College · named on its website
- Owasso Smith Elem · named on its website
- OSU North Hall · named on its website
- Saint Mary's Church · named on its website
- Northern Oklahoma College · named on its website
- Expo Square - Oklahoma Stage · named on its website
Estimated value over time
▲ 21% 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
▼ 52% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 27 | $4.7M |
| 2020 | Form 5500 | 23 | $4.0M |
| 2021 | Form 5500 | 15 | $2.6M |
| 2022 | Form 5500 | 13 | $2.3M |
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 |
|---|---|---|
| RIVER PAINT CONSTRUCTION LLC this business | $7.2M | — |
| QUALITY METAL FAB, LLC Tulsa · 5 employees | $1.1M | 0.1 mi |
| INTERIORS ONE, INC. Tulsa · 54 employees | $40.6M | 0.2 mi |
| FORZA CONSTRUCTION SERVICES, LLC Tulsa · 8 employees | $2.6M | 0.8 mi |
| REISS PAINTING COMPANY OF OKLAHOMA, LLC Tulsa · 18 employees | $6.5M | 0.8 mi |
| ARROW CONSTRUCTION RESOURCES, LLC Tulsa · 17 employees | $6.0M | 0.8 mi |
| TULSA FOAM INSULATION, LLC Tulsa · 37 employees | $11.1M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.5M |
| Estimate: the two combined (geometric mean) | $7.2M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $759K |
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 | $2.1M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.1M – $2.9M |
| Revenue range | $4.7M – $8.2M |
| EBITDA range | $499K – $865K |
| Industry (NAICS) | Painting and Wall Covering Contractors (238320) |
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
“River Paint began in 2007 when the Painting Company that Santiago Aguilar was employed with, closed.”
Advisors
- BankingFirstar 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
| Firstar Bank PPP 2020 | All 380 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $188K | 27 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About River Paint Construction LLC
River Paint Construction LLC is a family-owned painting contractors company in Tulsa, Oklahoma, in business since 2007. It is owned by Santiago Aguilar. Its estimated annual revenue is about $7.2M, with roughly $759K of EBITDA. It has about 13 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.9M).
Common questions
- Who owns River Paint Construction LLC?
- River Paint Construction LLC is owned by Santiago Aguilar, according to public sources such as the company's website or filings.
- How much revenue does River Paint Construction LLC make?
- SeeBITDA estimates River Paint Construction LLC's annual revenue at about $7.2M (likely between $4.7M and $8.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is River Paint Construction LLC worth?
- About $2.1M, roughly 2.8× its estimated EBITDA of $759K, typical for a painting contractors company its size. Likely range: $1.1M–$2.9M.
- How many employees does River Paint Construction LLC have?
- About 13, from its 2022 retirement-plan filing.
- When was River Paint Construction LLC founded?
- River Paint Construction LLC has been in business since 2007.