The Morrison Group, Inc.
How we got $13.8M
Based on its 30 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 10% 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
▲ 120% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 30 | $70.7M |
| 2020 | Form 5500 | 22 | $51.8M |
| 2021 | Form 5500 | 24 | $56.5M |
| 2022 | Form 5500 | 30 | $70.7M |
| 2023 | Form 5500 | 52 | $122.5M |
| 2024 | Form 5500 | 91 | $214.4M |
| 2025 | Form 5500 | 66 | $155.5M |
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.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 27% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THE MORRISON GROUP, INC. this business | $63.1M | — |
| OKLAHOMA PRODUCERS LLC Oklahoma City · 12 employees | $14.4M | 3.9 mi |
| PORCH SCHOOL SUPPLY INC Oklahoma City · 4 employees | $3.1M | 6.9 mi |
| WARREN PRODUCTS INC Oklahoma City · 17 employees | $10.6M | 7.5 mi |
| MIRIAMEEN INC Warr Acres · 2 employees | $1.3M | 9.9 mi |
| CLASSIC PAPER SUPPLY, INC. Oklahoma City · 13 employees | $22.3M | 13.1 mi |
| ADG BLUSOURCE LLC Guthrie · 20 employees | $18.5M | 13.2 mi |
The full calculation
| Employees reported to the SBA | 30 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $61.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $50.2M |
| Estimate: the two combined (geometric mean) | $63.1M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $2.6M |
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 | $13.8M |
| Multiple for this size and industry | 5.2× |
| Value range | $7.2M – $18.8M |
| Revenue range | $41.5M – $72.0M |
| EBITDA range | $1.7M – $3.0M |
| Industry (NAICS) | Printing and Writing Paper Merchant Wholesalers (424110) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingMabrey 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $421K | 27 |
| 1/20/2021 | second | $421K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Morrison Group, Inc.
The Morrison Group, Inc. is a printing and writing paper merchant wholesalers company in Edmond, Oklahoma. It is owned by Josh Debolt. Its estimated annual revenue is about $63.1M, with roughly $2.6M of EBITDA. It has about 66 employees. Its estimated business value is $13.8M (likely range $7.2M–$18.8M).
Common questions
- Who owns The Morrison Group, Inc.?
- The Morrison Group, Inc. is owned by Josh Debolt, according to public sources such as the company's website or filings.
- How much revenue does The Morrison Group, Inc. make?
- SeeBITDA estimates The Morrison Group, Inc.'s annual revenue at about $63.1M (likely between $41.5M and $72.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Morrison Group, Inc. worth?
- About $13.8M, roughly 5.2× its estimated EBITDA of $2.6M, typical for a printing and writing paper merchant wholesalers company its size. Likely range: $7.2M–$18.8M.
- How many employees does The Morrison Group, Inc. have?
- About 66, from its 2025 retirement-plan filing.