Triple S Farms, Lc
How we got $2.3M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 48 years (since 1978)
- Family in the business (Dennis Slagell, Owner)
From public records and the company's website, not a statement that it's for sale.
What they do
Triple S Farms is a third generation family farm north of Hydro, Oklahoma, that says it produces food ethically, sustainably and innovatively, aiming to be a low cost and profitable producer.
From the company's website. Industry: Agriculture, Forestry, Fishing.
Estimated value over time
▲ 31% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRIPLE S FARMS, LC this business | $4.3M | — |
| EICHELBERGER FARMS LLC Hydro · 8 employees | $4.7M | 1.0 mi |
| BAILEY FARMS LLC Hydro · 5 employees | $2.5M | 4.3 mi |
| SUNNY LANE FARM LLC Thomas · 1 employees | $640K | 5.0 mi |
| WORK A TON LLC Thomas · 1 employees | $640K | 5.0 mi |
| BARTON COE FARMS, INC. Hydro · 2 employees | $1.3M | 9.6 mi |
| COUNTY LINE FARMS GENERAL PARTNERSHIP Weatherford · 1 employees | $640K | 13.7 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $4.3M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $600K |
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 | $2.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.2M – $3.1M |
| Revenue range | $2.8M – $4.9M |
| EBITDA range | $394K – $684K |
| Industry (NAICS) | Agriculture, Forestry, Fishing (111998) |
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: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“They established Triple S Farms in 1978 with their cousin, Stephen.”
Leadership
- DSDennis SlagellOwner · Company website · source
Advisors
- BankingBank of Hydro, CBW 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
| Bank of Hydro PPP 2020 | All 155 borrowers → |
| CBW Bank PPP 2021 | View → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $57K | 7 |
| 5/28/2021 | second | $98K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Triple S Farms, Lc
Triple S Farms, Lc is a family-owned agriculture, forestry, fishing company in Hydro, Oklahoma, in business since 1978. It is owned by Virgil Slagell. Its estimated annual revenue is about $4.3M, with roughly $600K of EBITDA. It has about 12 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns Triple S Farms, Lc?
- Triple S Farms, Lc is owned by Virgil Slagell, according to public sources such as the company's website or filings.
- How much revenue does Triple S Farms, Lc make?
- SeeBITDA estimates Triple S Farms, Lc's annual revenue at about $4.3M (likely between $2.8M and $4.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Triple S Farms, Lc worth?
- About $2.3M, roughly 3.8× its estimated EBITDA of $600K, typical for a agriculture, forestry, fishing company its size. Likely range: $1.2M–$3.1M.
- How many employees does Triple S Farms, Lc have?
- About 12, as reported on its PPP loan.
- When was Triple S Farms, Lc founded?
- Triple S Farms, Lc has been in business since 1978.