Unicorp Systems, Inc.
How we got $97.4M
Based on 144 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- In business 40 years (since 1986)
- No family successor named on its website
- Acquired by ATC (2025)
From public records and the company's website, not a statement that it's for sale.
What they do
Unicorp Systems Inc is an independently owned aerospace avionics and electrical component repair company that supports domestic and international commercial and military fleets.
From the company's website. Industry: Battery Manufacturing.
Ownership & transactions
- Acquired by ATC · Feb 2025ATC acquired Unicorp Systems, an avionics company in Tulsa, Oklahoma, as its third facility.Source
Estimated value over time
▲ 337% 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
▲ 251% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 41 | $23.8M |
| 2020 | Form 5500 | 131 | $76.0M |
| 2021 | Form 5500 | 136 | $78.9M |
| 2022 | Form 5500 | 136 | $78.9M |
| 2023 | Form 5500 | 132 | $76.6M |
| 2024 | Form 5500 | 144 | $83.5M |
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 |
|---|---|---|
| UNICORP SYSTEMS, INC. this business | $138.2M | — |
| REMOTE CONNECTIONS INC Tulsa · 11 employees | $2.8M | 4.3 mi |
| SCFM SERVICES, INC Tulsa · 17 employees | $6.1M | 4.7 mi |
| DZ ELECTRIC LLC Tulsa | $2.9M | 5.0 mi |
| U.S. PIONEER, LLC Tulsa · 45 employees | $22.7M | 6.8 mi |
| KEY COMMUNICATIONS, LLC Tulsa · 3 employees | $996K | 8.0 mi |
| M.W. BEVINS COMPANY Tulsa · 30 employees | $8.0M | 8.8 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $97.4M |
| Multiple for this size and industry | 7.9× |
| Value range | $62.3M – $175.3M |
| Employees in its retirement plan (2024 Form 5500) | 144 |
| Industry revenue per employee | $580K |
| Revenue = employees × revenue per employee | $138.2M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $12.3M |
| For comparison: employees reported for PPP (2020) | 41 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $110.6M – $207.4M |
| EBITDA range | $9.9M – $18.5M |
| Industry (NAICS) | Battery Manufacturing (335912) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Unicorp Systems was founded in 1986 and specializes in the repair and overhaul of avionics and electrical components and accessories for both commercial and military air transport aircraft.”
Leadership
- SPSteven PearsonPresident · Company website · source
- SWScott WhitmanExecutive Advisor · Company website · source
- JDJason DepriestAccountable Manager/Vice President of Operations · Company website · source
- SESteve EllisOperations Manager · Company website · source
- DMDeanna MooreChief Financial Advisor · Company website · source
- BDBridget DentonCustomer Service · Company website · source
- SMSteve MortonQuality Assurance Manager · Company website · source
- SHStacey HarveyAccounting Manager · Company website · source
- KMKaren MortonPurchasing · Company website · source
- UAUygyr AydinEurope/Asia Representative · Company website · source
Advisors
- AccountingEide Bailly LLPAudits its 401(k) plan (2024 filing)
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2020 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $485K | 41 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Unicorp Systems, Inc.
Unicorp Systems, Inc. is a battery manufacturing company in Tulsa, Oklahoma, in business since 1986. It is owned by Jimmy Newman (CEO). Its estimated annual revenue is about $138.2M, with roughly $12.3M of EBITDA. It has about 144 employees. Its estimated business value is $97.4M (likely range $62.3M–$175.3M).
Common questions
- Who owns Unicorp Systems, Inc.?
- Unicorp Systems, Inc. is owned by Jimmy Newman (CEO), according to public sources such as the company's website or filings.
- How much revenue does Unicorp Systems, Inc. make?
- SeeBITDA estimates Unicorp Systems, Inc.'s annual revenue at about $138.2M (likely between $110.6M and $207.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Unicorp Systems, Inc. worth?
- About $97.4M, roughly 7.9× its estimated EBITDA of $12.3M, typical for a battery manufacturing company its size. Likely range: $62.3M–$175.3M.
- How many employees does Unicorp Systems, Inc. have?
- About 144, from its 2024 retirement-plan filing.
- When was Unicorp Systems, Inc. founded?
- Unicorp Systems, Inc. has been in business since 1986.