Southern Abstract Co.
How we got $656K
Based on its 8 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 120 years (since 1906)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Southern Abstract Company is a Bartlesville, Oklahoma title company providing abstracting, title insurance, and closing services for real estate needs. It says it has provided title services since 1906.
From the company's website. Industry: Law firms.
Customers & suppliers
Customers
- Fidelity National Title Insurance Company · named on its website
- First American Title Insurance Company · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DRUMMOND CATTLE LLC · Tulsa, 42 mi · $129.5M
- BERRY & BERRY ACQUISITION · Tahlequah, 80 mi · $93.2M
- J-M FARMS HOLDING, LLC · Miami, 62 mi · $76.3M
- GREEN ACRE SOD FARMS, INC · Bixby, 53 mi · $31.0M
- LAZY J ARENA, LLC · Stillwater, 79 mi · $30.7M
- SJCO HOLDINGS, LLC · Tulsa, 47 mi · $62.0M
- ACRON 2 PORSCHE DRIVE, ATLANTA LLC · Tulsa, 43 mi · $56.3M
- STAN JOHNSON SERVICES, INC. · Tulsa, 47 mi · $53.6M
- SANFORD BROTHERS CO., INC. & SUBSIDIARIES · Tulsa, 40 mi · $46.1M
- MCGRAW DAVISSON STEWART, LLC · Tulsa, 45 mi · $42.5M
Estimated value over time
▲ 34% 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 |
|---|---|---|
| SOUTHERN ABSTRACT CO. this business | $1.6M | — |
| LAW CENTER OF AKERS & ESSER LLC Bartlesville · 3 employees | $1.1M | 0.1 mi |
| THE MUSSELMAN ABSTRACT COMPANY Bartlesville · 14 employees | $3.6M | 0.1 mi |
| Ambler & Conatser Bartlesville | $942K | 0.1 mi |
| Sanders Law Office Bartlesville | $942K | 0.1 mi |
| Kinder Shamhart, Attorney at Law Bartlesville | $942K | 0.1 mi |
| Branstetter Law Office Bartlesville | $942K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $285K |
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 | $656K |
| Multiple for this size and industry | 2.3× |
| Value range | $345K – $898K |
| Revenue range | $1.0M – $1.8M |
| EBITDA range | $188K – $325K |
| Industry (NAICS) | Title Abstract and Settlement Offices (541191) |
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
“Established in 1906, prior to statehood, Southern Abstract Company is a full-service title company offering abstracting/land record research, escrow closings and title insurance.”
Leadership
- AGAnnette GillEscrow Officer · Company website · source
- NLNathan LemayEscrow Officer · Company website · source
- NLNicholas LemaySetups/Storage Department · Company website · source
- AHAmanda HavelkaAbstracter · Company website · source
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $52K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Southern Abstract Co.
Southern Abstract Co. is a law firms company in Bartlesville, Oklahoma, in business since 1906. It is owned by F. Earl Harper. Its estimated annual revenue is about $1.6M, with roughly $285K of EBITDA. It has about 8 employees. Its estimated business value is $656K (likely range $345K–$898K).
Common questions
- Who owns Southern Abstract Co.?
- Southern Abstract Co. is owned by F. Earl Harper, according to public sources such as the company's website or filings.
- How much revenue does Southern Abstract Co. make?
- SeeBITDA estimates Southern Abstract Co.'s annual revenue at about $1.6M (likely between $1.0M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southern Abstract Co. worth?
- About $656K, roughly 2.3× its estimated EBITDA of $285K, typical for a law firms company its size. Likely range: $345K–$898K.
- How many employees does Southern Abstract Co. have?
- About 8, as reported on its PPP loan.
- When was Southern Abstract Co. founded?
- Southern Abstract Co. has been in business since 1906.
- Is Southern Abstract Co. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 120 years (since 1906); no family successor named on its website.