Tri-State Transporation, LLC
- Candy ThomasRental & Leasing General Manager · Company website
How we got $2.4M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 13% 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
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Utility Tri-State, Inc. sells new and used trailers, rents trailers, and provides trailer service, refrigeration service, roadside service and parts from locations in Oklahoma and Arkansas. The pages say it offers a wide range of products and services for transportation needs.
From the company's website. Industry: Truck Trailer Manufacturing.
Customers & suppliers
Suppliers & brands
- Utility · brand it sells or installs
- Cargobull · brand it sells or installs
- Clement · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRI-STATE TRANSPORATION, LLC this business | $5.4M | — |
| Luxury Exotic Customs and Replicas Tulsa | $1.4M | 5.0 mi |
| BADAC Adventure Co Tulsa | $22.5M | 5.6 mi |
| PRO TOUCH-UP, LLC Broken Arrow · 10 employees | $4.7M | 9.5 mi |
| ISI ACQUISITION LLC Tulsa · 25 employees | $12.5M | 9.8 mi |
| Reading Truck Claremore | $2.3M | 23.8 mi |
| Cadet Truck Bodies Chouteau | $3.0M | 35.1 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.8M |
| Estimate: the two combined (geometric mean) | $5.4M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $628K |
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 | $2.4M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.3M – $3.4M |
| Revenue range | $3.6M – $6.2M |
| EBITDA range | $413K – $716K |
| Industry (NAICS) | Truck Trailer Manufacturing (336212) |
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
History & advisors
Advisors
- BankingMabrey 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
| Mabrey Bank PPP 2020 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $105K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tri-State Transporation, LLC
Tri-State Transporation, LLC is a truck trailer manufacturing company in Tulsa, Oklahoma, in business since 1998. Its estimated annual revenue is about $5.4M, with roughly $628K of EBITDA. It has about 8 employees. Its estimated business value is $2.4M (likely range $1.3M–$3.4M).
Common questions
- Who owns Tri-State Transporation, LLC?
- The owner of Tri-State Transporation, 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 Transporation, LLC make?
- SeeBITDA estimates Tri-State Transporation, LLC's annual revenue at about $5.4M (likely between $3.6M and $6.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri-State Transporation, LLC worth?
- About $2.4M, roughly 3.9× its estimated EBITDA of $628K, typical for a truck trailer manufacturing company its size. Likely range: $1.3M–$3.4M.
- How many employees does Tri-State Transporation, LLC have?
- About 8, as reported on its PPP loan.
- When was Tri-State Transporation, LLC founded?
- Tri-State Transporation, LLC has been in business since 1998.