Statewide General Agency
How we got $43.7M
Based on its 23 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
- Headcount down 23% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 27% 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
▲ 17% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 23 | $20.4M |
| 2020 | Form 5500 | 32 | $28.4M |
| 2021 | Form 5500 | 30 | $26.6M |
| 2022 | Form 5500 | 35 | $31.1M |
| 2023 | Form 5500 | 32 | $28.4M |
| 2024 | Form 5500 | 27 | $24.0M |
| 2025 | Form 5500 | 27 | $24.0M |
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 |
|---|---|---|
| STATEWIDE GENERAL AGENCY this business | $30.3M | — |
| AUTO INSURANCE CENTER OF TULSA AGENCY Tulsa · 6 employees | $3.5M | 2.4 mi |
| JOHN CROISANT AGENCY LLC Tulsa · 4 employees | $2.9M | 2.6 mi |
| INTER ID, INC Tulsa · 5 employees | $8.5M | 3.5 mi |
| MIKE KIRK & ASSOCIATES, LLC Tulsa · 1 employees | $1.5M | 3.5 mi |
| FIRST TRINITY FINANCIAL CORPORATION Tulsa · 16 employees | $84.3M | 3.8 mi |
| BEKRA COMMERCIAL LLC Tulsa · 1 employees | $1.1M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $28.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $25.1M |
| Estimate: the two combined (geometric mean) | $30.3M |
| EBITDA margin (industry, adjusted for size) | 22% |
| EBITDA = revenue × margin | $6.7M |
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 | $43.7M |
| Multiple for this size and industry | 6.5× |
| Value range | $23.0M – $59.8M |
| Revenue range | $19.9M – $34.5M |
| EBITDA range | $4.4M – $7.7M |
| Industry (NAICS) | Direct Property and Casualty Insurance Carriers (524126) |
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 Bank, BancFirstPPP / 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 → |
| BancFirst 7(a) 2026 | 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 |
|---|---|---|---|
| 4/7/2020 | first | $330K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Statewide General Agency
Statewide General Agency is a direct property and casualty insurance carriers company in Tulsa, Oklahoma. It is owned by Patrick N. Wilson (Pres.). Its estimated annual revenue is about $30.3M, with roughly $6.7M of EBITDA. It has about 27 employees. Its estimated business value is $43.7M (likely range $23.0M–$59.8M).
Common questions
- Who owns Statewide General Agency?
- Statewide General Agency is owned by Patrick N. Wilson (Pres.), according to public sources such as the company's website or filings.
- How much revenue does Statewide General Agency make?
- SeeBITDA estimates Statewide General Agency's annual revenue at about $30.3M (likely between $19.9M and $34.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Statewide General Agency worth?
- About $43.7M, roughly 6.5× its estimated EBITDA of $6.7M, typical for a direct property and casualty insurance carriers company its size. Likely range: $23.0M–$59.8M.
- How many employees does Statewide General Agency have?
- About 27, from its 2025 retirement-plan filing.