Utility Services Associates Construction
- Tony EllisHeadquarters contact · Company website
- Robin R TooleSigns company filings · Form 5500 (2024)
How we got $3.6M
Based on its 21 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 38 years (since 1988)
- Founder still runs it after 38 years
- Family in the business (Tony Ellis, Headquarters contact)
From public records and the company's website, not a statement that it's for sale.
What they do
Utility Services Associates Construction Co. is an Oklahoma City company that provides turnkey outside plant construction for the communications industry, focusing mainly on telephone and CATV projects for carriers, government agencies, corporations and individuals.
From the company's website. Industry: Power and Communication Line and Related Structures Construction.
Estimated value over time
▲ 43% 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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 21 | $6.3M |
| 2020 | Form 5500 | 11 | $3.3M |
| 2021 | Form 5500 | 16 | $4.8M |
| 2022 | Form 5500 | 16 | $4.8M |
| 2023 | Form 5500 | 22 | $6.6M |
| 2024 | Form 5500 | 21 | $6.3M |
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 SERVICES ASSOCIATES CONSTRUCTION this business | $10.1M | — |
| Darnell Drilling Inc Oklahoma City | $5.8M | 0.1 mi |
| OMEGA DEVELOPMENT COMPANY LLC Oklahoma City · 21 employees | $10.1M | 1.4 mi |
| Transtec Energy Llc Oklahoma City | $5.8M | 1.6 mi |
| ANNE MCQUEEN, LLC Oklahoma City · 1 employees | $510K | 1.7 mi |
| GROOMS & POLLARD UTILITY SERVICES, LLC Oklahoma City · 28 employees | $16.8M | 2.3 mi |
| R & K CONSTRUCTION Oklahoma City · 6 employees | $2.8M | 2.4 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.7M |
| Estimate: the two combined (geometric mean) | $10.1M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.1M |
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 | $3.6M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.9M – $4.9M |
| Revenue range | $6.6M – $11.5M |
| EBITDA range | $697K – $1.2M |
| Industry (NAICS) | Power and Communication Line and Related Structures Construction (237130) |
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
“Since the death of Dick Ellis in 1995, his family and key employees of the company have strived to maintain the same principles and commitments to providing the best service possible.”
Advisors
- BankingFirst Fidelity 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
| First Fidelity Bank PPP 2020, PPP 2021 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $290K | 21 |
| 1/20/2021 | second | $290K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Utility Services Associates Construction
Utility Services Associates Construction is a power and communication line and related structures construction company in Oklahoma City, Oklahoma, in business since 1988. It is owned by Richard P. "Dick" Ellis (Founder). Its estimated annual revenue is about $10.1M, with roughly $1.1M of EBITDA. It has about 21 employees. Its estimated business value is $3.6M (likely range $1.9M–$4.9M).
Common questions
- Who owns Utility Services Associates Construction?
- Utility Services Associates Construction is owned by Richard P. "Dick" Ellis (Founder), according to public sources such as the company's website or filings.
- How much revenue does Utility Services Associates Construction make?
- SeeBITDA estimates Utility Services Associates Construction's annual revenue at about $10.1M (likely between $6.6M and $11.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Utility Services Associates Construction worth?
- About $3.6M, roughly 3.4× its estimated EBITDA of $1.1M, typical for a power and communication line and related structures construction company its size. Likely range: $1.9M–$4.9M.
- How many employees does Utility Services Associates Construction have?
- About 21, from its 2024 retirement-plan filing.
- When was Utility Services Associates Construction founded?
- Utility Services Associates Construction has been in business since 1988.