The Musselman Abstract Company
How we got $1.6M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 120 years (since 1906)
- Founder still runs it after 120 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Musselman Abstract is a Bartlesville, OK abstract and title services company offering abstracting, title insurance, and closing services for real estate transactions. It serves the Bartlesville real estate community, including residential, commercial, and farm and ranch clients.
From the company's website. Industry: Law firms.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DRUMMOND CATTLE LLC · Tulsa, 42 mi · $129.5M
- BERRY & BERRY ACQUISITION · Tahlequah, 80 mi · $93.2M
- J-M FARMS HOLDING, LLC · Miami, 61 mi · $76.3M
- GREEN ACRE SOD FARMS, INC · Bixby, 53 mi · $31.0M
- LAZY J ARENA, LLC · Stillwater, 79 mi · $30.7M
- SJCO HOLDINGS, LLC · Tulsa, 47 mi · $62.0M
- ACRON 2 PORSCHE DRIVE, ATLANTA LLC · Tulsa, 43 mi · $56.2M
- STAN JOHNSON SERVICES, INC. · Tulsa, 47 mi · $53.5M
- SANFORD BROTHERS CO., INC. & SUBSIDIARIES · Tulsa, 40 mi · $46.1M
- MCGRAW DAVISSON STEWART, LLC · Tulsa, 45 mi · $42.5M
Estimated value over time
▲ 34% 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
▼ 7% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $2.1M |
| 2020 | Form 5500 | 10 | $1.5M |
| 2021 | Form 5500 | 11 | $1.7M |
| 2022 | Form 5500 | 12 | $1.8M |
| 2023 | Form 5500 | 13 | $2.0M |
| 2024 | Form 5500 | 15 | $2.3M |
| 2025 | Form 5500 | 13 | $2.0M |
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 |
|---|---|---|
| THE MUSSELMAN ABSTRACT COMPANY this business | $3.6M | — |
| Kinder Shamhart, Attorney at Law Bartlesville | $942K | 0.0 mi |
| SOUTHERN ABSTRACT CO. Bartlesville · 8 employees | $1.6M | 0.1 mi |
| LAW CENTER OF AKERS & ESSER LLC Bartlesville · 3 employees | $1.1M | 0.1 mi |
| Branstetter Law Office Bartlesville | $942K | 0.1 mi |
| Sanders Law Office Bartlesville | $942K | 0.1 mi |
| Ambler & Conatser Bartlesville | $942K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.6M |
| Estimate: the two combined (geometric mean) | $3.6M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $587K |
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 | $1.6M |
| Multiple for this size and industry | 2.8× |
| Value range | $865K – $2.2M |
| Revenue range | $2.4M – $4.1M |
| EBITDA range | $386K – $669K |
| Industry (NAICS) | Title Abstract and Settlement Offices (541191) |
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
“Musselman Abstract was founded by Milton W. Musselman in 1906, a year prior to Oklahoma achieving statehood.”
Leadership
- DIDrew IhrigPresident & General Counsel · Company website · source
- JIJordan IhrigDirector of Operations · Company website · source
- MBMyranda BishopOperations · Company website · source
- JBJenny BooneOrders · Company website · source
- SMStacie MorrisonTitle Insurance · Company website · source
- NCNicole CarterTitle Insurance · Company website · source
- VKVictoria KeylonDocument Imaging · Company website · source
- KHKailee HambrightClosing Team · Company website · source
- NVNatalie VargasClosing Team · Company website · source
- SHSophie HenryClosing Team · Company website · source
- TMTaylor MarshClosing Team · Company website · source
- SAShelby AdamsClosing Team · Company website · source
Advisors
- BankingSimmons 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
| Simmons Bank PPP 2020 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $146K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Musselman Abstract Company
The Musselman Abstract Company is a family-owned law firms company in Bartlesville, Oklahoma, in business since 1906. It is owned by Milton W. Musselman (Founder). Its estimated annual revenue is about $3.6M, with roughly $587K of EBITDA. It has about 13 employees. Its estimated business value is $1.6M (likely range $865K–$2.2M).
Common questions
- Who owns The Musselman Abstract Company?
- The Musselman Abstract Company is owned by Milton W. Musselman (Founder), according to public sources such as the company's website or filings.
- How much revenue does The Musselman Abstract Company make?
- SeeBITDA estimates The Musselman Abstract Company's annual revenue at about $3.6M (likely between $2.4M and $4.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Musselman Abstract Company worth?
- About $1.6M, roughly 2.8× its estimated EBITDA of $587K, typical for a law firms company its size. Likely range: $865K–$2.2M.
- How many employees does The Musselman Abstract Company have?
- About 13, from its 2025 retirement-plan filing.
- When was The Musselman Abstract Company founded?
- The Musselman Abstract Company has been in business since 1906.
- Is The Musselman Abstract Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 120 years (since 1906); founder still runs it after 120 years; no family successor named on its website.