Southern Plains Electric, Inc.
How we got $3.7M
Based on its 35 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 22% 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 PLAINS ELECTRIC, INC. this business | $11.0M | — |
| J & J Burk One Hour Heating & Air Conditioning Lawton | $1.8M | 0.2 mi |
| Mister Sparky Of Lawton Lawton | $1.8M | 0.2 mi |
| Lawton Plumbing Lawton | $1.8M | 0.3 mi |
| SOLID PLUMBING INC Lawton · 14 employees | $4.0M | 0.3 mi |
| J & S SERVICES OF LAWTON, LLC Lawton · 4 employees | $1.0M | 0.6 mi |
| AC&R Services Inc. Lawton | $1.8M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.3M |
| Estimate: the two combined (geometric mean) | $11.0M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.9M – $5.1M |
| Revenue range | $7.3M – $12.6M |
| EBITDA range | $676K – $1.2M |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
- BankingLiberty National 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 Roles are as stated there and may be out of date.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
| Liberty National Bank PPP 2020, PPP 2021 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $344K | 35 |
| 1/20/2021 | second | $344K | 13 |
About Southern Plains Electric, Inc.
Southern Plains Electric, Inc. is an electricians company in Lawton, Oklahoma. Its estimated annual revenue is about $11.0M, with roughly $1.0M of EBITDA. It has about 35 employees. Its estimated business value is $3.7M (likely range $1.9M–$5.1M).
Common questions
- Who owns Southern Plains Electric, Inc.?
- The owner of Southern Plains Electric, 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 Southern Plains Electric, Inc. make?
- SeeBITDA estimates Southern Plains Electric, Inc.'s annual revenue at about $11.0M (likely between $7.3M and $12.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southern Plains Electric, Inc. worth?
- About $3.7M, roughly 3.6× its estimated EBITDA of $1.0M, typical for a electricians company its size. Likely range: $1.9M–$5.1M.
- How many employees does Southern Plains Electric, Inc. have?
- About 35, as reported on its PPP loan.