United Underground, LLC
How we got $4.2M
Based on its 50 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 22% 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 Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
United Underground Construction provides wet and dry utilities, directional boring, and streetlight installation for projects. The pages do not state a specific customer type or market beyond project work.
From the company's website. Industry: Electricians.
Customers & suppliers
Customers
- Edward Homes · named on its website
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| UNITED UNDERGROUND, LLC this business | $12.6M | — |
| CLIMATECH HEATING AND AIR CONDITIONING, LLC Grove · 5 employees | $1.1M | 5.6 mi |
| TESS ELECTRICAL SYSTEMS INC Grove · 4 employees | $1.0M | 5.6 mi |
| ALL STAR ELECTRIC NA LLC Grove · 41 employees | $13.3M | 6.1 mi |
| Maxson Plumbing Heating & Cooling Afton | $1.9M | 6.3 mi |
| ZAP, INC Grove · 8 employees | $1.6M | 6.4 mi |
| LAND & LAKE ELECTRIC Grove · 3 employees | $877K | 6.4 mi |
The full calculation
| Employees reported to the SBA | 50 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.5M |
| Estimate: the two combined (geometric mean) | $12.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.8M |
| Revenue range | $8.3M – $14.4M |
| EBITDA range | $774K – $1.3M |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
- BankingGrand Savings Bank, Newtek Bank, National Association, BayFirst National 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
| BayFirst National Bank 7(a) 2023 | All 47 borrowers → |
| Grand Savings Bank PPP 2020, PPP 2021 | All 196 borrowers → |
| Newtek Bank, National Association 7(a) 2023 | All 30 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $314K | 38 |
| 1/27/2021 | second | $478K | 50 |
Public records
| Mar 2023 | 7(a) | $2.8M |
| Feb 2023 | 7(a) | $150K |
| Jan 2023 | 7(a) | $150K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About United Underground, LLC
United Underground, LLC is an electricians company in Grove, Oklahoma, in business since 2010. Its estimated annual revenue is about $12.6M, with roughly $1.2M of EBITDA. It has about 50 employees. Its estimated business value is $4.2M (likely range $2.2M–$5.8M).
Common questions
- Who owns United Underground, LLC?
- The owner of United Underground, 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 United Underground, LLC make?
- SeeBITDA estimates United Underground, LLC's annual revenue at about $12.6M (likely between $8.3M and $14.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is United Underground, LLC worth?
- About $4.2M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a electricians company its size. Likely range: $2.2M–$5.8M.
- How many employees does United Underground, LLC have?
- About 50, as reported on its PPP loan.
- When was United Underground, LLC founded?
- United Underground, LLC has been in business since 2010.