Utility Tri-State, Inc
- Candy ThomasRental & Leasing General Manager · Company website
How we got $39.3M
Based on its 171 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 36% 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
▲ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 171 | $99.9M |
| 2020 | Form 5500 | 143 | $83.6M |
| 2021 | Form 5500 | 132 | $77.1M |
| 2022 | Form 5500 | 174 | $101.7M |
| 2023 | Form 5500 | 211 | $123.3M |
| 2024 | Form 5500 | 201 | $117.5M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Utility Tri-State, Inc. sells new and used trailers, rents trailers, and provides trailer service, refrigeration service, roadside service and parts from locations in Oklahoma and Arkansas. The pages say it offers a wide range of products and services for transportation needs.
From the company's website. Industry: Car dealers.
Customers & suppliers
Suppliers & brands
- Utility · brand it sells or installs
- Cargobull · brand it sells or installs
- Clement · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| UTILITY TRI-STATE, INC this business | $211.0M | — |
| ELI AUTO GROUP LLC Tulsa · 4 employees | $3.7M | 1.2 mi |
| 2nd Generation Motor Co #2 Tulsa | $22.5M | 1.6 mi |
| TIM'S SPORTCENTER OF TULSA INC Tulsa · 40 employees | $33.2M | 1.6 mi |
| BYSELLER VMP LLC Tulsa · 4 employees | $3.6M | 2.0 mi |
| NICHOLS MARINE, INC. Tulsa · 15 employees | $13.8M | 2.7 mi |
| 2nd Generation Motor Co Tulsa | $45.0M | 2.8 mi |
The full calculation
| Employees reported to the SBA | 171 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $172.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $198.4M |
| Estimate: the two combined (geometric mean) | $211.0M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $7.6M |
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 | $39.3M |
| Multiple for this size and industry | 5.2× |
| Value range | $20.7M – $53.8M |
| Revenue range | $138.8M – $240.6M |
| EBITDA range | $5.0M – $8.6M |
| Industry (NAICS) | Motorcycle, ATV, and All Other Motor Vehicle Dealers (441227) |
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
- AccountingCliftonlarsonallen, LLPAudits its 401(k) plan (2024 filing)
- BankingMabrey 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
| Mabrey Bank PPP 2020 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $2.0M | 171 |
3 locations
| 2705 E. 21st St. | Tulsa | This listing |
| 15335 E Admiral Pl | Tulsa | View |
| 15200 NW 34th St | Yukon | 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 Utility Tri-State, Inc
Utility Tri-State, Inc is a car dealers company in Tulsa, Oklahoma, in business since 1998. Its estimated annual revenue is about $211.0M, with roughly $7.6M of EBITDA. It has about 201 employees. Its estimated business value is $39.3M (likely range $20.7M–$53.8M). It has 3 locations.
Common questions
- Who owns Utility Tri-State, Inc?
- The owner of Utility Tri-State, Inc 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 Utility Tri-State, Inc make?
- SeeBITDA estimates Utility Tri-State, Inc's annual revenue at about $211.0M (likely between $138.8M and $240.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Utility Tri-State, Inc worth?
- About $39.3M, roughly 5.2× its estimated EBITDA of $7.6M, typical for a car dealers company its size. Likely range: $20.7M–$53.8M.
- How many employees does Utility Tri-State, Inc have?
- About 201, from its 2024 retirement-plan filing.
- When was Utility Tri-State, Inc founded?
- Utility Tri-State, Inc has been in business since 1998.