Wheeler Brothers Grain Company, LLC
How we got $296.8M
Based on its 156 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 52 years (since 1974)
- Headcount down 36% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 23% 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
▼ 19% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 156 | $760.1M |
| 2020 | Form 5500 | 139 | $677.2M |
| 2021 | Form 5500 | 135 | $657.8M |
| 2022 | Form 5500 | 198 | $964.7M |
| 2023 | Form 5500 | 181 | $881.9M |
| 2024 | Form 5500 | 126 | $613.9M |
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 |
|---|---|---|
| WHEELER BROTHERS GRAIN COMPANY, LLC this business | $974.5M | — |
| Sooner Plains Ag Loyal | $30.1M | 19.1 mi |
| ROTHER BROTHERS, INC. Kingfisher | $216.9M | 26.5 mi |
| FAIRVIEW LIVESTOCK AUCTION, LLC Fairview · 5 employees | $11.9M | 30.0 mi |
| JAMES CATTLE COMPANY LLC Fairview · 1 employees | $5.5M | 30.1 mi |
| J. REUTER CATTLE CO, INC. El Reno · 3 employees | $11.6M | 33.7 mi |
| ROSS SEED COMPANY El Reno | $171.1M | 35.1 mi |
The full calculation
| Employees reported to the SBA | 156 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $781.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $934.5M |
| Estimate: the two combined (geometric mean) | $974.5M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $36.6M |
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 | $296.8M |
| Multiple for this size and industry | 8.1× |
| Value range | $156.2M – $406.1M |
| Revenue range | $641.0M – $1.11B |
| EBITDA range | $24.1M – $41.8M |
| Industry (NAICS) | Grain and Field Bean Merchant Wholesalers (424510) |
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
Advisors
- AccountingHutchins & Haake, LLCAudits its 401(k) plan (2024 filing)
- BankingCommerce 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
| Commerce Bank PPP 2020 | All 113 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 | $2.0M | 156 |
6 locations
| 505 MAIN ST | Watonga | This listing |
| 509 S County Line Rd | Geary | View |
| 512 N Main | Greenfield | View |
| 760 W Robberts Ave | Kingfisher | View |
| 315 W 3rd St | New Cordell | View |
| 121 1st St | Thomas | 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 Wheeler Brothers Grain Company, LLC
Wheeler Brothers Grain Company, LLC is a grain and field bean merchant wholesalers company in Watonga, Oklahoma, in business since 1974. Its estimated annual revenue is about $974.5M, with roughly $36.6M of EBITDA. It has about 126 employees. Its estimated business value is $296.8M (likely range $156.2M–$406.1M). It has 6 locations.
Common questions
- Who owns Wheeler Brothers Grain Company, LLC?
- The owner of Wheeler Brothers Grain Company, 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 Wheeler Brothers Grain Company, LLC make?
- SeeBITDA estimates Wheeler Brothers Grain Company, LLC's annual revenue at about $974.5M (likely between $641.0M and $1.11B), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Wheeler Brothers Grain Company, LLC worth?
- About $296.8M, roughly 8.1× its estimated EBITDA of $36.6M, typical for a grain and field bean merchant wholesalers company its size. Likely range: $156.2M–$406.1M.
- How many employees does Wheeler Brothers Grain Company, LLC have?
- About 126, from its 2024 retirement-plan filing.
- When was Wheeler Brothers Grain Company, LLC founded?
- Wheeler Brothers Grain Company, LLC has been in business since 1974.
- Is Wheeler Brothers Grain Company, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 52 years (since 1974); headcount down 36% since 2022 (retirement plan filings).