Rural Electric Cooperative, Inc
How we got $55.3M
Based on its 53 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 47% 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 |
|---|---|---|
| RURAL ELECTRIC COOPERATIVE, INC this business | $99.4M | — |
| ROE ENERGY SERVICES LLC Lindsay · 1 employees | $930K | 5.3 mi |
| RL ELECTRIC OF PURCELL, LLC Purcell · 6 employees | $16.9M | 13.8 mi |
| JAC-MAC ENERGY Chickasha · 2 employees | $2.1M | 21.3 mi |
| STRATEGIC ENERGY INVESTMENTS, INC Chickasha · 12 employees | $15.0M | 21.3 mi |
| OKLAHOMA ELECTRIC COOPERATIVE Norman · 170 employees | $404.9M | 22.8 mi |
| WLM ENERGY SOLUTIONS LLC Marlow · 1 employees | $963K | 24.2 mi |
The full calculation
| Employees reported to the SBA | 53 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $73.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $103.6M |
| Estimate: the two combined (geometric mean) | $99.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $8.5M |
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 | $55.3M |
| Multiple for this size and industry | 6.5× |
| Value range | $29.1M – $75.6M |
| Revenue range | $65.4M – $113.3M |
| EBITDA range | $5.6M – $9.7M |
| Industry (NAICS) | Electric Power Distribution (221122) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingThe First National Bank of LindsayPPP / 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 First National Bank of Lindsay PPP 2020 | All 58 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/24/2020 | first | $1.2M | 53 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rural Electric Cooperative, Inc
Rural Electric Cooperative, Inc is an electric power distribution company in Lindsay, Oklahoma, in business since 1998. It is owned by Dusty Ricks (CEO). Its estimated annual revenue is about $99.4M, with roughly $8.5M of EBITDA. It has about 53 employees. Its estimated business value is $55.3M (likely range $29.1M–$75.6M).
Common questions
- Who owns Rural Electric Cooperative, Inc?
- Rural Electric Cooperative, Inc is owned by Dusty Ricks (CEO), according to public sources such as the company's website or filings.
- How much revenue does Rural Electric Cooperative, Inc make?
- SeeBITDA estimates Rural Electric Cooperative, Inc's annual revenue at about $99.4M (likely between $65.4M and $113.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rural Electric Cooperative, Inc worth?
- About $55.3M, roughly 6.5× its estimated EBITDA of $8.5M, typical for a electric power distribution company its size. Likely range: $29.1M–$75.6M.
- How many employees does Rural Electric Cooperative, Inc have?
- About 53, as reported on its PPP loan.
- When was Rural Electric Cooperative, Inc founded?
- Rural Electric Cooperative, Inc has been in business since 1998.