Spivey Insulation Inc
How we got $228K
Based on its 2 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
▲ 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPIVEY INSULATION INC this business | $935K | — |
| TRI-C SPECIALTY FLOORING LLC Duncan · 7 employees | $3.0M | 4.2 mi |
| JT GUTTERS, INC. Duncan · 3 employees | $888K | 7.4 mi |
| MICKEY J SHORNICK Duncan · 1 employees | $565K | 7.5 mi |
| MJ SCHORNICK DRYWALL Duncan · 1 employees | $565K | 7.5 mi |
| LOPEZ CONSTRUCTION & PAINTING LLC Duncan · 1 employees | $285K | 8.2 mi |
| RM INSULATION, LLC Duncan · 10 employees | $4.9M | 8.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $954K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $704K |
| Estimate: the two combined (geometric mean) | $935K |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $120K |
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 | $228K |
| Multiple for this size and industry | 1.9× |
| Value range | $120K – $312K |
| Revenue range | $615K – $1.1M |
| EBITDA range | $79K – $137K |
| Industry (NAICS) | Drywall and Insulation Contractors (238310) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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, PPP 2021 | All 7,048 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 | $13K | 2 |
| 3/6/2021 | second | $14K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spivey Insulation Inc
Spivey Insulation Inc is a drywall & insulation company in Marlow, Oklahoma, in business since 2006. Its estimated annual revenue is about $935K, with roughly $120K of EBITDA. It has about 2 employees. Its estimated business value is $228K (likely range $120K–$312K).
Common questions
- Who owns Spivey Insulation Inc?
- The owner of Spivey Insulation 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 Spivey Insulation Inc make?
- SeeBITDA estimates Spivey Insulation Inc's annual revenue at about $935K (likely between $615K and $1.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spivey Insulation Inc worth?
- About $228K, roughly 1.9× its estimated EBITDA of $120K, typical for a drywall & insulation company its size. Likely range: $120K–$312K.
- How many employees does Spivey Insulation Inc have?
- About 2, as reported on its PPP loan.
- When was Spivey Insulation Inc founded?
- Spivey Insulation Inc has been in business since 2006.