Traffic & Lighting Systems, LLC
How we got $35.1M
Based on its 132 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
- Headcount down 88% since 2021 (retirement plan filings)
- Acquired by Sherwood Companies (2022)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Sherwood Companies · Sep 2022Traffic & Lighting Systems, Inc. (TLS) was acquired by Sherwood Companies, though the sources give conflicting dates and the Oct 2023 release describes a later merger into TLS Group, Inc.Source
Estimated value over time
▲ 20% 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
▼ 89% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 132 | $44.1M |
| 2020 | Form 5500 | 109 | $36.4M |
| 2021 | Form 5500 | 113 | $37.8M |
| 2022 | Form 5500 | 14 | $4.7M |
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 |
|---|---|---|
| TRAFFIC & LIGHTING SYSTEMS, LLC this business | $83.6M | — |
| BLASTRAC NA INC. Oklahoma City · 102 employees | $66.7M | 0.1 mi |
| BRIFEN USA, INC. Oklahoma City · 7 employees | $5.3M | 0.5 mi |
| MIDSTATE TRAFFIC CONTROL, INC. Oklahoma City · 51 employees | $28.1M | 0.5 mi |
| BLACK MESA TRUCKING LLC Oklahoma City · 17 employees | $10.2M | 5.6 mi |
| C-P INTEGRATED SERVICES, INC Oklahoma City · 21 employees | $15.4M | 5.6 mi |
| OLC, INC Oklahoma City · 115 employees | $62.3M | 5.6 mi |
The full calculation
| Employees reported to the SBA | 132 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $78.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $68.6M |
| Estimate: the two combined (geometric mean) | $83.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $7.2M |
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 | $35.1M |
| Multiple for this size and industry | 4.9× |
| Value range | $18.5M – $48.0M |
| Revenue range | $55.0M – $95.3M |
| EBITDA range | $4.7M – $8.2M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
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
Advisors
- AccountingLbmc, P.C.Audits its 401(k) plan (2022 filing)
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $1.5M | 132 |
2 locations
| 13305 N. SANTA FE AVE | Oklahoma City | This listing |
| 1502 W 37th Pl | Tulsa | 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 Traffic & Lighting Systems, LLC
Traffic & Lighting Systems, LLC is a highway, street, and bridge construction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $83.6M, with roughly $7.2M of EBITDA. It has about 14 employees. Its estimated business value is $35.1M (likely range $18.5M–$48.0M). It has 2 locations.
Common questions
- Who owns Traffic & Lighting Systems, LLC?
- The owner of Traffic & Lighting Systems, LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Traffic & Lighting Systems, LLC make?
- SeeBITDA estimates Traffic & Lighting Systems, LLC's annual revenue at about $83.6M (likely between $55.0M and $95.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Traffic & Lighting Systems, LLC worth?
- About $35.1M, roughly 4.9× its estimated EBITDA of $7.2M, typical for a highway, street, and bridge construction company its size. Likely range: $18.5M–$48.0M.
- How many employees does Traffic & Lighting Systems, LLC have?
- About 14, from its 2022 retirement-plan filing.