United Petroleum Transports, Inc.
How we got $519.7M
Based on 525 employees on its 2024 401(k) filing.
What we know
Signs of a sale High sell likelihood
- In business 60 years (since 1966)
- Founder still runs it after 60 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
United Petroleum Transports and Florida Rock & Tank Lines provide bulk transport and logistics, with a focus on petroleum and chemical hauling across the nation and the Southeast.
From the company's website. Industry: Natural Gas Distribution.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 14 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 14 mi · $1.18B
- T/J INSPECTION, INC. · Del City, 3 mi · $532.1M
- CROWN ENERGY COMPANY · Oklahoma City, 6 mi · $476.0M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 3 mi · $431.9M
Estimated value over time
▲ 57% 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
▲ 26% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 417 | $545.0M |
| 2020 | Form 5500 | 362 | $473.1M |
| 2021 | Form 5500 | 344 | $449.6M |
| 2022 | Form 5500 | 375 | $490.1M |
| 2023 | Form 5500 | 498 | $650.8M |
| 2024 | Form 5500 | 525 | $686.1M |
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 |
|---|---|---|
| UNITED PETROLEUM TRANSPORTS, INC. this business | $695.6M | — |
| SPARTAN ENERGY SERVICES, LLC Oklahoma City | $16.9M | 3.4 mi |
| FLYWHEEL ENERGY MANAGEMENT, LLC Oklahoma | $731.0M | 4.0 mi |
| CLEARWATER ENTERPRISES, L.L.C. Oklahoma City · 22 employees | $71.0M | 7.9 mi |
| CROSSBOW PRODUCTION COMPANY, L.L.C. Edmond | $4.3M | 13.9 mi |
| WARD PETROLEUM CORPORATION Oklahoma City · 18 employees | $12.4M | 14.2 mi |
| JAK DISTRIBUTION LLC Noble · 3 employees | $3.4M | 20.4 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 | $519.7M |
| Multiple for this size and industry | 8.5× |
| Value range | $332.6M – $935.5M |
| Employees in its retirement plan (2024 Form 5500) | 525 |
| Industry revenue per employee | $1.3M |
| Revenue = employees × revenue per employee | $695.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $61.1M |
| For comparison: employees reported for PPP (2020) | 417 |
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 | $556.5M – $1.04B |
| EBITDA range | $48.9M – $91.7M |
| Industry (NAICS) | Natural Gas Distribution (221210) |
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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Keith Price founded this company with a desire to build mutually beneficial relationships and provide customers with exceptional service.”
Leadership
- BBBrian BaubachChief Financial Officer · Company website · source
- JPJeff PaulsenPresident & COO of Florida Rock and Tank Lines · Company website · source
Advisors
- AccountingForvis Mazars, LLPAudits its 401(k) plan (2024 filing)
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $6.0M | 417 |
2 locations
| 4312 S Georgia Pl | Oklahoma City | This listing |
| 4935 W 21st St | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About United Petroleum Transports, Inc.
United Petroleum Transports, Inc. is a natural gas distribution company in Oklahoma City, Oklahoma, in business since 1966. It is owned by Keith Price (Founder). Its estimated annual revenue is about $695.6M, with roughly $61.1M of EBITDA. It has about 525 employees. Its estimated business value is $519.7M (likely range $332.6M–$935.5M). It has 2 locations.
Common questions
- Who owns United Petroleum Transports, Inc.?
- United Petroleum Transports, Inc. is owned by Keith Price (Founder), according to public sources such as the company's website or filings.
- How much revenue does United Petroleum Transports, Inc. make?
- SeeBITDA estimates United Petroleum Transports, Inc.'s annual revenue at about $695.6M (likely between $556.5M and $1.04B), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is United Petroleum Transports, Inc. worth?
- About $519.7M, roughly 8.5× its estimated EBITDA of $61.1M, typical for a natural gas distribution company its size. Likely range: $332.6M–$935.5M.
- How many employees does United Petroleum Transports, Inc. have?
- About 525, from its 2024 retirement-plan filing.
- When was United Petroleum Transports, Inc. founded?
- United Petroleum Transports, Inc. has been in business since 1966.
- Is United Petroleum Transports, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 60 years (since 1966); founder still runs it after 60 years; no family successor named on its website.