Utility Management & Construction, LLC
How we got $3.5M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 64 years (since 1962)
- Founder still runs it after 64 years
From public records and the company's website, not a statement that it's for sale.
What they do
Utility Management and Construction (UMCCo) manages and operates small utility systems, including rural water systems and public trusts or authorities, and provides related construction and engineering services.
From the company's website. Industry: Water and Sewer Line and Related Structures Construction.
Customers & suppliers
Customers
- Grand Lake Public Works Authority · named on its website
- Nowata County Rural Water & Sewer District #1 · named on its website
- Osage County Rural Water District #1 · named on its website
- Ralston Public Works Authority · named on its website
- Washington County Rural Water District #1 · named on its website
- Washington County Rural Water District #2 · named on its website
Estimated value over time
▲ 41% 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
▲ 47% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 19 | $6.7M |
| 2021 | Form 5500 | 20 | $7.1M |
| 2022 | Form 5500 | 17 | $6.0M |
| 2023 | Form 5500 | 20 | $7.1M |
| 2024 | Form 5500 | 28 | $9.9M |
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 |
|---|---|---|
| UTILITY MANAGEMENT & CONSTRUCTION, LLC this business | $9.8M | — |
| GREEN COUNTRY UTILITY CONSTRUCTION & SERVICES, LLC Ramona · 4 employees | $1.6M | 5.1 mi |
| KCD TOWERS LLC Bartlesville · 2 employees | $1.1M | 8.0 mi |
| POTTER TOWERS LLC Bartlesville · 2 employees | $2.0M | 8.0 mi |
| R & J GAY LLC Talala · 1 employees | $814K | 10.8 mi |
| DUCO PIPE & SUPPLY CO Bartlesville · 3 employees | $1.8M | 11.6 mi |
| CREEK CONSTRUCTION LLC Skiatook · 10 employees | $3.9M | 14.5 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.1M |
| Estimate: the two combined (geometric mean) | $9.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.5M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.8M – $4.8M |
| Revenue range | $6.4M – $11.1M |
| EBITDA range | $677K – $1.2M |
| Industry (NAICS) | Water and Sewer Line and Related Structures Construction (237110) |
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
“Utility Management and Construction (UMCCo) was founded in 1962 by Raymond Lucas as the Lucas Construction Company.”
Advisors
- BankingCommercial 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
| Commercial Bank PPP 2020, PPP 2021 | All 9 borrowers → |
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 | $212K | 19 |
| 2/26/2021 | second | $340K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Utility Management & Construction, LLC
Utility Management & Construction, LLC is a water and sewer line and related structures construction company in Ochelata, Oklahoma, in business since 1962. It is owned by Raymond Lucas (Founder). Its estimated annual revenue is about $9.8M, with roughly $1.0M of EBITDA. It has about 28 employees. Its estimated business value is $3.5M (likely range $1.8M–$4.8M).
Common questions
- Who owns Utility Management & Construction, LLC?
- Utility Management & Construction, LLC is owned by Raymond Lucas (Founder), according to public sources such as the company's website or filings.
- How much revenue does Utility Management & Construction, LLC make?
- SeeBITDA estimates Utility Management & Construction, LLC's annual revenue at about $9.8M (likely between $6.4M and $11.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Utility Management & Construction, LLC worth?
- About $3.5M, roughly 3.4× its estimated EBITDA of $1.0M, typical for a water and sewer line and related structures construction company its size. Likely range: $1.8M–$4.8M.
- How many employees does Utility Management & Construction, LLC have?
- About 28, from its 2024 retirement-plan filing.
- When was Utility Management & Construction, LLC founded?
- Utility Management & Construction, LLC has been in business since 1962.
- Is Utility Management & Construction, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 64 years (since 1962); founder still runs it after 64 years.