Secrest Hill Butler & Secrest P C
- James K. Secrest, IIPartner · Company website
- Edward J. MainPartner · Company website
- Tara PerkinsonPartner · Company website
- Cindy LogsdonSigns company filings · Form 5500 (2022)
How we got $5.0M
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 42 years (since 1984)
- Headcount down 36% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Secrest Hill Butler & Secrest, PC is a Tulsa, Oklahoma law firm that defends insurers, corporations, businesses and professionals in insurance defense and liability litigation. It states it was founded in 1984 and also has an active practice in Arkansas.
From the company's website. Industry: Law firms.
Estimated value over time
▲ 26% 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
▼ 43% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 28 | $7.8M |
| 2020 | Form 5500 | 23 | $6.4M |
| 2021 | Form 5500 | 25 | $6.9M |
| 2022 | Form 5500 | 23 | $6.4M |
| 2023 | Form 5500 | 24 | $6.7M |
| 2024 | Form 5500 | 17 | $4.7M |
| 2025 | Form 5500 | 16 | $4.4M |
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 |
|---|---|---|
| SECREST HILL BUTLER & SECREST P C this business | $10.3M | — |
| SCHAFFER HERRING, PLLC Tulsa · 14 employees | $6.7M | 0.0 mi |
| SELLERS LAW FIRM, A PROFESSIONAL CORPORATION Tulsa · 2 employees | $637K | 0.0 mi |
| Laura Jennings at SchafferHerring PLLC Tulsa | $943K | 0.0 mi |
| Stratton Family Law Tulsa | $943K | 0.0 mi |
| Shared Medical Systems Tulsa | $943K | 0.0 mi |
| J. MILLER LAW FIRM, P.L.L.C. Tulsa · 1 employees | $341K | 0.0 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.0M |
| Estimate: the two combined (geometric mean) | $10.3M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.0M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.7M – $6.9M |
| Revenue range | $6.8M – $11.7M |
| EBITDA range | $975K – $1.7M |
| 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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Since its founding in 1984, Secrest Hill & Secrest has grown to become a prominent insurance defense firm in Oklahoma.”
Advisors
- BankingCommerce 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
| Commerce Bank PPP 2020 | All 113 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $487K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Secrest Hill Butler & Secrest P C
Secrest Hill Butler & Secrest P C is a law firms company in Tulsa, Oklahoma, in business since 1984. Its estimated annual revenue is about $10.3M, with roughly $1.5M of EBITDA. It has about 16 employees. Its estimated business value is $5.0M (likely range $2.7M–$6.9M).
Common questions
- Who owns Secrest Hill Butler & Secrest P C?
- The owner of Secrest Hill Butler & Secrest P C 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 Secrest Hill Butler & Secrest P C make?
- SeeBITDA estimates Secrest Hill Butler & Secrest P C's annual revenue at about $10.3M (likely between $6.8M and $11.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Secrest Hill Butler & Secrest P C worth?
- About $5.0M, roughly 3.4× its estimated EBITDA of $1.5M, typical for a law firms company its size. Likely range: $2.7M–$6.9M.
- How many employees does Secrest Hill Butler & Secrest P C have?
- About 16, from its 2025 retirement-plan filing.
- When was Secrest Hill Butler & Secrest P C founded?
- Secrest Hill Butler & Secrest P C has been in business since 1984.
- Is Secrest Hill Butler & Secrest P C for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 42 years (since 1984); headcount down 36% since 2021 (retirement plan filings).