Transit Services, Inc.
How we got $4.3M
Based on its 18 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 93% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 38% 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
▼ 94% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 18 | $4.4M |
| 2020 | Form 5500 | 14 | $3.4M |
| 2021 | Form 5500 | 1 | $244K |
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 |
|---|---|---|
| TRANSIT SERVICES, INC. this business | $9.8M | — |
| CUNNINGHAM PLUMBING CO Tulsa | $932K | 1.3 mi |
| TODD DRILLING & EXPLORATION LLC Tulsa | $1.4M | 1.4 mi |
| BISON MOVING TULSA LLC Tulsa | $2.9M | 1.4 mi |
| ON CALL FUEL AND LUBE LLC Tulsa | $1.4M | 1.4 mi |
| SEVEN D TRAILER SALES AND SERVICE INC Tulsa | $1.9M | 1.5 mi |
| NOLA ENTERPRISE LLC Tulsa | $932K | 1.6 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.3M |
| Estimate: the two combined (geometric mean) | $9.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $2.3M – $5.9M |
| Revenue range | $6.4M – $11.2M |
| EBITDA range | $749K – $1.3M |
| Industry (NAICS) | General Freight Trucking, Long-Distance, Truckload (484121) |
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
- 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, PPP 2021 | 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 | $233K | 18 |
| 1/21/2021 | second | $200K | 13 |
About Transit Services, Inc.
Transit Services, Inc. is a general freight trucking, long-distance, truckload company in Tulsa, Oklahoma. Its estimated annual revenue is about $9.8M, with roughly $1.1M of EBITDA. It has about 1 employees. Its estimated business value is $4.3M (likely range $2.3M–$5.9M).
Common questions
- Who owns Transit Services, Inc.?
- The owner of Transit Services, Inc. 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 Transit Services, Inc. make?
- SeeBITDA estimates Transit Services, Inc.'s annual revenue at about $9.8M (likely between $6.4M and $11.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Transit Services, Inc. worth?
- About $4.3M, roughly 3.8× its estimated EBITDA of $1.1M, typical for a general freight trucking, long-distance, truckload company its size. Likely range: $2.3M–$5.9M.
- How many employees does Transit Services, Inc. have?
- About 1, from its 2021 retirement-plan filing.