Tri- State Electrical Contractors, LLC
How we got $33.9M
Based on its 51 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRI- STATE ELECTRICAL CONTRACTORS, LLC this business | $28.7M | — |
| TEXCOM PEAK ENVIRONMENTAL SERVICES LLC Oklahoma City · 4 employees | $2.3M | 0.1 mi |
| EDGE ENERGY MANAGEMENT LLC Oklahoma City · 4 employees | $2.2M | 0.3 mi |
| EAGLE DRILLING FLUIDS, L.L.C. Oklahoma City · 7 employees | $3.5M | 0.3 mi |
| TRES MANAGEMENT INC Oklahoma City · 17 employees | $5.5M | 0.5 mi |
| SEA MOUNT EXPLORATION Oklahoma City · 2 employees | $655K | 0.5 mi |
| Total Access Resources Oklahoma City | $1.5M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 51 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $27.9M |
| Estimate: the two combined (geometric mean) | $28.7M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.5M |
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 | $33.9M |
| Multiple for this size and industry | 5.2× |
| Value range | $17.8M – $46.4M |
| Revenue range | $18.9M – $32.7M |
| EBITDA range | $4.3M – $7.4M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
History & advisors
Advisors
- BankingBlue Sky 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 Roles are as stated there and may be out of date.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
| Blue Sky Bank PPP 2020, PPP 2021 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $790K | 51 |
| 1/16/2021 | second | $642K | 43 |
About Tri- State Electrical Contractors, LLC
Tri- State Electrical Contractors, LLC is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $28.7M, with roughly $6.5M of EBITDA. It has about 51 employees. Its estimated business value is $33.9M (likely range $17.8M–$46.4M).
Common questions
- Who owns Tri- State Electrical Contractors, LLC?
- The owner of Tri- State Electrical Contractors, 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 Tri- State Electrical Contractors, LLC make?
- SeeBITDA estimates Tri- State Electrical Contractors, LLC's annual revenue at about $28.7M (likely between $18.9M and $32.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri- State Electrical Contractors, LLC worth?
- About $33.9M, roughly 5.2× its estimated EBITDA of $6.5M, typical for a oil & gas company its size. Likely range: $17.8M–$46.4M.
- How many employees does Tri- State Electrical Contractors, LLC have?
- About 51, as reported on its PPP loan.