Terra Construction Inc
How we got $6.6M
Based on its 30 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 53 years (since 1973)
- Family in the business (Brandon Waldrop, Executive Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
Terra Construction is an Oklahoma City based small business offering commercial building and construction services, with a primary focus on industrial and government commercial construction. It works as a prime contractor on new construction, renovations, and infrastructure projects.
From the company's website. Industry: Commercial construction.
Estimated value over time
▲ 28% 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
▼ 80% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 30 | $21.5M |
| 2020 | Form 5500 | 20 | $14.3M |
| 2021 | Form 5500 | 9 | $6.5M |
| 2022 | Form 5500 | 6 | $4.3M |
| 2023 | Form 5500 | 8 | $5.7M |
| 2024 | Form 5500 | 7 | $5.0M |
| 2025 | Form 5500 | 6 | $4.3M |
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 |
|---|---|---|
| TERRA CONSTRUCTION INC this business | $38.2M | — |
| MAGUIRE-O'HARA CONSTRUCTION INC. Oklahoma City · 8 employees | $8.3M | 0.0 mi |
| MARGUIRE-O'HARA CONSTRUCTION INC Oklahoma City · 8 employees | $8.3M | 0.0 mi |
| PILLAR CONTRACTING, INC. Oklahoma City · 9 employees | $7.0M | 0.1 mi |
| KELLY CONSTRUCTION INC. Oklahoma City · 4 employees | $3.6M | 0.1 mi |
| DOUBLE EAGLE CONSTRUCTION, INC. Oklahoma City · 5 employees | $2.2M | 1.4 mi |
| HILL CONSTRUCTION SOLUTIONS Oklahoma City · 1 employees | $860K | 2.5 mi |
The full calculation
| Employees reported to the SBA | 30 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $29.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $38.0M |
| Estimate: the two combined (geometric mean) | $38.2M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $1.9M |
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 | $6.6M |
| Multiple for this size and industry | 3.4× |
| Value range | $3.5M – $9.0M |
| Revenue range | $25.2M – $43.6M |
| EBITDA range | $1.3M – $2.2M |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
“Terra Construction, LLC has been in business 49 years and is one of the most experienced construction firms in the United States.”
Leadership
- BWBrandon WaldropExecutive Vice President · Company website · source
- MAMichael AngelProject Manager · Company website · source
- TMTeresa MerrellAccounting Manager · Company website · source
- CBChristina BouskaQuality Control Manager · Company website · source
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 | 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 |
|---|---|---|---|
| 4/10/2020 | first | $455K | 30 |
2 locations
| 7429 NW 84TH ST | Oklahoma City | This listing |
| 921 NE 13th St | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Terra Construction Inc
Terra Construction Inc is a commercial construction company in Oklahoma City, Oklahoma, in business since 1973. It is owned by Karen Waldrop (President). Its estimated annual revenue is about $38.2M, with roughly $1.9M of EBITDA. It has about 6 employees. Its estimated business value is $6.6M (likely range $3.5M–$9.0M). It has 2 locations.
Common questions
- Who owns Terra Construction Inc?
- Terra Construction Inc is owned by Karen Waldrop (President), according to public sources such as the company's website or filings.
- How much revenue does Terra Construction Inc make?
- SeeBITDA estimates Terra Construction Inc's annual revenue at about $38.2M (likely between $25.2M and $43.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Terra Construction Inc worth?
- About $6.6M, roughly 3.4× its estimated EBITDA of $1.9M, typical for a commercial construction company its size. Likely range: $3.5M–$9.0M.
- How many employees does Terra Construction Inc have?
- About 6, from its 2025 retirement-plan filing.
- When was Terra Construction Inc founded?
- Terra Construction Inc has been in business since 1973.