Triangle Insurance Company, Inc.
How we got $293.6M
Based on its 119 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 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 27% 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
▲ 1% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 119 | $105.6M |
| 2020 | Form 5500 | 105 | $93.2M |
| 2021 | Form 5500 | 107 | $94.9M |
| 2022 | Form 5500 | 113 | $100.3M |
| 2023 | Form 5500 | 115 | $102.0M |
| 2024 | Form 5500 | 125 | $110.9M |
| 2025 | Form 5500 | 120 | $106.5M |
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 |
|---|---|---|
| TRIANGLE INSURANCE COMPANY, INC. this business | $177.9M | — |
| DANA RICHTER INSURANCE, LLC Fairview · 1 employees | $968K | 34.3 mi |
| EWING INSURANCE, LLC Fairview · 6 employees | $4.3M | 34.5 mi |
| SUPERIOR CROP INSURANCE LLC Mulhall | $3.3M | 34.5 mi |
| DONALD FINK Cashion · 3 employees | $2.9M | 40.9 mi |
| TICKEL CROP INSURANCE, LLC Blackwell · 2 employees | $1.5M | 44.6 mi |
| VERDE TRANSPORTATION CO. LLC Stillwater · 1 employees | $6.6M | 46.7 mi |
The full calculation
| Employees reported to the SBA | 119 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $147.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $165.5M |
| Estimate: the two combined (geometric mean) | $177.9M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $34.5M |
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 | $293.6M |
| Multiple for this size and industry | 8.5× |
| Value range | $154.5M – $401.8M |
| Revenue range | $117.0M – $202.8M |
| EBITDA range | $22.7M – $39.4M |
| Industry (NAICS) | Direct Property and Casualty Insurance Carriers (524126) |
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
- AccountingRbms, LLPAudits its 401(k) plan (2025 filing)
- BankingNBC OklahomaPPP / 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
| NBC Oklahoma PPP 2020 | All 526 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 | $2.2M | 119 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Triangle Insurance Company, Inc.
Triangle Insurance Company, Inc. is a direct property and casualty insurance carriers company in Enid, Oklahoma, in business since 2009. Its estimated annual revenue is about $177.9M, with roughly $34.5M of EBITDA. It has about 120 employees. Its estimated business value is $293.6M (likely range $154.5M–$401.8M).
Common questions
- Who owns Triangle Insurance Company, Inc.?
- The owner of Triangle Insurance Company, 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 Triangle Insurance Company, Inc. make?
- SeeBITDA estimates Triangle Insurance Company, Inc.'s annual revenue at about $177.9M (likely between $117.0M and $202.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Triangle Insurance Company, Inc. worth?
- About $293.6M, roughly 8.5× its estimated EBITDA of $34.5M, typical for a direct property and casualty insurance carriers company its size. Likely range: $154.5M–$401.8M.
- How many employees does Triangle Insurance Company, Inc. have?
- About 120, from its 2025 retirement-plan filing.
- When was Triangle Insurance Company, Inc. founded?
- Triangle Insurance Company, Inc. has been in business since 2009.