Waters Electric Incorporated
How we got $676K
Based on its 14 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 94 years (since 1932)
From public records and the company's website, not a statement that it's for sale.
What they do
Waters Electric Inc. is a locally owned electrical contractor serving the Norman, Oklahoma area since 1932, offering repairs, maintenance and installation for residential and commercial electrical systems.
From the company's website. Industry: Electricians.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WATERS ELECTRIC INCORPORATED this business | $2.7M | — |
| Metro Rooter Plumbing Norman | $937K | 0.0 mi |
| MYERS AND ASSOCIATES ELECTRICAL SALES INC. Norman · 5 employees | $566K | 0.1 mi |
| DOYLE'S ELECTRIC, INC. Norman · 20 employees | $4.0M | 0.2 mi |
| Passion Electric Norman | $937K | 0.2 mi |
| COMMERCIAL DOOR LLC Norman · 10 employees | $3.2M | 0.5 mi |
| EMERALD HEATING & AIR LLC Norman · 4 employees | $790K | 0.6 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.7M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $282K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 2% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $676K |
| Multiple for this size and industry | 2.4× |
| Value range | $406K – $1.1M |
| Revenue range | $2.0M – $3.5M |
| EBITDA range | $211K – $366K |
| 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
People & advisors
“Waters Electric Inc. is a locally owned electrical contractor that has been serving the Norman, Oklahoma area since 1932.”
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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 United Bank and Trust Company PPP 2020 | All 2,229 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 | $135K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Waters Electric Incorporated
Waters Electric Incorporated is an electricians company in Norman, Oklahoma, in business since 1932. Its estimated annual revenue is about $2.7M, with roughly $282K of EBITDA. It has about 14 employees. Its estimated business value is $676K (likely range $406K–$1.1M).
Common questions
- Who owns Waters Electric Incorporated?
- The owner of Waters Electric Incorporated 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 Waters Electric Incorporated make?
- SeeBITDA estimates Waters Electric Incorporated's annual revenue at about $2.7M (likely between $2.0M and $3.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Waters Electric Incorporated worth?
- About $676K, roughly 2.4× its estimated EBITDA of $282K, typical for a electricians company its size. Likely range: $406K–$1.1M.
- How many employees does Waters Electric Incorporated have?
- About 14, as reported on its PPP loan.
- When was Waters Electric Incorporated founded?
- Waters Electric Incorporated has been in business since 1932.