Tortuga Holdings, LLC
How we got $579K
Based on its 1 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
- In business 16 years (since 2010)
- Family in the business (Christopher DePaola, Cofounder)
From public records and the company's website, not a statement that it's for sale.
What they do
Tortuga Capital is a value-oriented investment management firm that focuses on long-term investing, independent research, conservative valuation, and the relationship between market price and underlying business value.
From the company's website. Industry: Financial advisors.
Estimated value over time
▲ 4% 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
▲ 200% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 1 | $333K |
| 2021 | Form 5500 | 1 | $333K |
| 2022 | Form 5500 | 2 | $667K |
| 2023 | Form 5500 | 2 | $667K |
| 2024 | Form 5500 | 2 | $667K |
| 2025 | Form 5500 | 3 | $1.0M |
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 |
|---|---|---|
| TORTUGA HOLDINGS, LLC this business | $559K | — |
| SHEPHERD WEALTH ADVISORY Edmond · 1 employees | $940K | 0.0 mi |
| BAKER WEALTH STRATEGIES Edmond · 3 employees | $1.4M | 0.2 mi |
| WOODLIFF SALON GROUP LLC Edmond · 12 employees | $10.9M | 0.5 mi |
| HEALTHCREST SURGICAL MANAGEMENT, LLC Edmond · 23 employees | $16.9M | 0.6 mi |
| RED DIRT FINANCIAL LLC Edmond · 2 employees | $976K | 0.8 mi |
| PARAMOUNT LAND COMPANY LLC Edmond · 1 employees | $944K | 0.9 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $412K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $583K |
| Estimate: the two combined (geometric mean) | $559K |
| EBITDA margin (industry, adjusted for size) | 45% |
| EBITDA = revenue × margin | $252K |
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 | $579K |
| Multiple for this size and industry | 2.3× |
| Value range | $305K – $792K |
| Revenue range | $368K – $638K |
| EBITDA range | $166K – $287K |
| Industry (NAICS) | Other financial investment activities (523930) |
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
“Tortuga Capital was founded on the belief that attractive long-term investment results require patience, independent analysis, and a disciplined focus on business value.”
Leadership
- CDChristopher DePaolaCofounder · Company website · source
Advisors
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/8/2020 | first | $18K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tortuga Holdings, LLC
Tortuga Holdings, LLC is a financial advisors company in Edmond, Oklahoma, in business since 2010. It is owned by Matthew DePaola (Cofounder). Its estimated annual revenue is about $559K, with roughly $252K of EBITDA. It has about 3 employees. Its estimated business value is $579K (likely range $305K–$792K).
Common questions
- Who owns Tortuga Holdings, LLC?
- Tortuga Holdings, LLC is owned by Matthew DePaola (Cofounder), according to public sources such as the company's website or filings.
- How much revenue does Tortuga Holdings, LLC make?
- SeeBITDA estimates Tortuga Holdings, LLC's annual revenue at about $559K (likely between $368K and $638K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tortuga Holdings, LLC worth?
- About $579K, roughly 2.3× its estimated EBITDA of $252K, typical for a financial advisors company its size. Likely range: $305K–$792K.
- How many employees does Tortuga Holdings, LLC have?
- About 3, from its 2025 retirement-plan filing.
- When was Tortuga Holdings, LLC founded?
- Tortuga Holdings, LLC has been in business since 2010.