Tilghman Insurance Services LLC
How we got $8.8M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Tilghman Insurance Services is an independent insurance agency with offices in Sherman, Texas and Edmond, Oklahoma, offering personal and business insurance coverages. It says it serves clients in Texas and Oklahoma.
From the company's website. Industry: Direct Life Insurance Carriers.
Customers & suppliers
Suppliers & brands
- USLI · brand it sells or installs
- State Auto · brand it sells or installs
- National General · brand it sells or installs
- Markel · brand it sells or installs
- Liberty Mutual · brand it sells or installs
- Hiscox · brand it sells or installs
- Guard · brand it sells or installs
- Employers · brand it sells or installs
- Travelers Business · brand it sells or installs
- Travelers · brand it sells or installs
- The Woodlands · brand it sells or installs
- Texas Mutual · brand it sells or installs
- Safeco · brand it sells or installs
- Progressive · brand it sells or installs
- MetLife · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- LIFE. CHURCH OPERATIONS, LLC · Edmond, 4 mi · $116.4M
- OKLAHOMA CITY BOATHOUSE FOUNDATION · Oklahoma City, 11 mi · $68.4M
- THE EPISCOPAL DIOCESES OF OKLAHOMA, INC. · Oklahoma City, 11 mi · $62.6M
- CROSSINGS COMMUNITY CHURCH, INC · Oklahoma City, 11 mi · $52.1M
- COMMUNITIES FOUNDATION OF OKLAHOMA · Oklahoma City, 7 mi · $48.7M
- SANTIAGO-BRENNAN'S MCDONALD'S INC. · Edmond, 1 mi · $74.6M
- OZARK PIZZA COMPANY, LLC · Oklahoma City, 7 mi · $67.7M
- CB RESTAURANTS, INC. · Oklahoma City, 5 mi · $53.9M
- WICHITA SDI, LLC · Prague, 46 mi · $46.7M
- MAGNUM FOODS, INC. · Oklahoma City, 6 mi · $43.0M
- WINTER LIVESTOCK, INC · Enid, 59 mi · $60.2M
- LAZY J ARENA, LLC · Stillwater, 36 mi · $30.7M
- FIRE LEAF ENTERPRISES LLC · Oklahoma City, 13 mi · $30.1M
- EXPRESS RANCHES INC · Yukon, 17 mi · $18.0M
- LANCE RHODES · Fairview, 77 mi · $10.9M
Estimated value over time
▲ 15% 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 |
|---|---|---|
| TILGHMAN INSURANCE SERVICES LLC this business | $7.3M | — |
| OKLAHOMA HEALTH OPTIONS LLC Edmond · 2 employees | $3.6M | 0.6 mi |
| MATTHEW RAMIREZ INSURANCE AGENCY INC Edmond · 2 employees | $1.3M | 1.0 mi |
| SELECTONE INSURANCE, LT AGENCY LLC Edmond · 4 employees | $2.4M | 1.1 mi |
| DEAN INSURANCE BROKERAGE LLC Edmond · 1 employees | $1.2M | 1.7 mi |
| RONDON INSURANCE SERVICES LLC Edmond · 9 employees | $8.3M | 1.8 mi |
| JM INC Edmond · 2 employees | $1.4M | 2.6 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.4M |
| Estimate: the two combined (geometric mean) | $7.3M |
| EBITDA margin (industry, adjusted for size) | 27% |
| EBITDA = revenue × margin | $2.0M |
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 | $8.8M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.7M – $12.1M |
| Revenue range | $4.8M – $8.3M |
| EBITDA range | $1.3M – $2.2M |
| Industry (NAICS) | Direct Life Insurance Carriers (524113) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Leadership
- BJBobbie JohnsonOffice Manager · Company website · source
Advisors
- BankingFirst Fidelity 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
| First Fidelity Bank PPP 2020 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $70K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tilghman Insurance Services LLC
Tilghman Insurance Services LLC is a direct life insurance carriers company in Edmond, Oklahoma. It is owned by Keith Tilghman. Its estimated annual revenue is about $7.3M, with roughly $2.0M of EBITDA. It has about 7 employees. Its estimated business value is $8.8M (likely range $4.7M–$12.1M).
Common questions
- Who owns Tilghman Insurance Services LLC?
- Tilghman Insurance Services LLC is owned by Keith Tilghman, according to public sources such as the company's website or filings.
- How much revenue does Tilghman Insurance Services LLC make?
- SeeBITDA estimates Tilghman Insurance Services LLC's annual revenue at about $7.3M (likely between $4.8M and $8.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tilghman Insurance Services LLC worth?
- About $8.8M, roughly 4.5× its estimated EBITDA of $2.0M, typical for a direct life insurance carriers company its size. Likely range: $4.7M–$12.1M.
- How many employees does Tilghman Insurance Services LLC have?
- About 7, as reported on its PPP loan.