Smith & Pickel Construction, Inc.
How we got $14.5M
Based on its 60 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 28% 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 |
|---|---|---|
| SMITH & PICKEL CONSTRUCTION, INC. this business | $70.2M | — |
| LANDMARK CONSTRUCTION GROUP LLC Oklahoma City · 14 employees | $14.0M | 0.1 mi |
| ENGINEERED SYSTEMS & ENERGY SOLUTIONS, PC Oklahoma City · 54 employees | $60.4M | 0.2 mi |
| HKS ENERGY SOLUTIONS INC Oklahoma City · 22 employees | $27.2M | 0.2 mi |
| EVANS BUILDING CONCEPTS, INC Edmond · 10 employees | $9.0M | 0.5 mi |
| GRACE CONTRACTING, LLC Edmond · 32 employees | $35.5M | 0.9 mi |
| AMERICAN A & R CONSTRUCTION, LLC Edmond · 2 employees | $1.4M | 1.4 mi |
The full calculation
| Employees reported to the SBA | 60 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $59.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $64.2M |
| Estimate: the two combined (geometric mean) | $70.2M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $3.5M |
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 | $14.5M |
| Multiple for this size and industry | 4.1× |
| Value range | $7.7M – $19.9M |
| Revenue range | $46.2M – $80.1M |
| EBITDA range | $2.3M – $4.0M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
Advisors
- BankingBancFirst, Quail Creek 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020 | All 7,048 borrowers → |
| Quail Creek Bank PPP 2021 | All 13 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $768K | 60 |
| 1/16/2021 | second | $768K | 50 |
About Smith & Pickel Construction, Inc.
Smith & Pickel Construction, Inc. is a commercial construction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $70.2M, with roughly $3.5M of EBITDA. It has about 60 employees. Its estimated business value is $14.5M (likely range $7.7M–$19.9M).
Common questions
- Who owns Smith & Pickel Construction, Inc.?
- The owner of Smith & Pickel Construction, Inc. 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 Smith & Pickel Construction, Inc. make?
- SeeBITDA estimates Smith & Pickel Construction, Inc.'s annual revenue at about $70.2M (likely between $46.2M and $80.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Smith & Pickel Construction, Inc. worth?
- About $14.5M, roughly 4.1× its estimated EBITDA of $3.5M, typical for a commercial construction company its size. Likely range: $7.7M–$19.9M.
- How many employees does Smith & Pickel Construction, Inc. have?
- About 60, as reported on its PPP loan.