Southwest Water Works, LLC
How we got $10.2M
Based on its 41 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 41% 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
▲ 110% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 41 | $14.5M |
| 2020 | Form 5500 | 42 | $14.9M |
| 2021 | Form 5500 | 43 | $15.2M |
| 2022 | Form 5500 | 45 | $15.9M |
| 2023 | Form 5500 | 25 | $8.8M |
| 2024 | Form 5500 | 58 | $20.5M |
| 2025 | Form 5500 | 86 | $30.4M |
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 |
|---|---|---|
| SOUTHWEST WATER WORKS, LLC this business | $25.4M | — |
| AMERICAN OPTI-NET, INC. Oklahoma City · 7 employees | $2.7M | 2.6 mi |
| Mega Fluids Mid Continent Llc Edmond | $5.8M | 2.6 mi |
| QC WELL SERVICES, L.L.C. Oklahoma City · 9 employees | $4.9M | 2.9 mi |
| ALLIANCE MECHANICAL LLC Edmond · 8 employees | $3.8M | 3.0 mi |
| MSI INSPECTION SERVICE LLC Edmond · 34 employees | $8.7M | 3.7 mi |
| AGRICULTURAL ENERGY SERVICES, INC. Edmond · 2 employees | $797K | 4.1 mi |
The full calculation
| Employees reported to the SBA | 41 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $20.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.1M |
| Estimate: the two combined (geometric mean) | $25.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.5M |
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 | $10.2M |
| Multiple for this size and industry | 4.1× |
| Value range | $5.4M – $13.9M |
| Revenue range | $16.7M – $28.9M |
| EBITDA range | $1.6M – $2.8M |
| Industry (NAICS) | Water and Sewer Line and Related Structures Construction (237110) |
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
- 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 |
|---|---|---|---|
| 4/6/2020 | first | $530K | 41 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Southwest Water Works, LLC
Southwest Water Works, LLC is a water and sewer line and related structures construction company in Oklahoma City, Oklahoma, in business since 2006. It is owned by Paul Matthews. Its estimated annual revenue is about $25.4M, with roughly $2.5M of EBITDA. It has about 86 employees. Its estimated business value is $10.2M (likely range $5.4M–$13.9M).
Common questions
- Who owns Southwest Water Works, LLC?
- Southwest Water Works, LLC is owned by Paul Matthews, according to public sources such as the company's website or filings.
- How much revenue does Southwest Water Works, LLC make?
- SeeBITDA estimates Southwest Water Works, LLC's annual revenue at about $25.4M (likely between $16.7M and $28.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southwest Water Works, LLC worth?
- About $10.2M, roughly 4.1× its estimated EBITDA of $2.5M, typical for a water and sewer line and related structures construction company its size. Likely range: $5.4M–$13.9M.
- How many employees does Southwest Water Works, LLC have?
- About 86, from its 2025 retirement-plan filing.
- When was Southwest Water Works, LLC founded?
- Southwest Water Works, LLC has been in business since 2006.