White Surveying Company, Inc.
How we got $2.8M
Based on its 16 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 86 years (since 1940)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
White Surveying Company is a Tulsa, Oklahoma land surveying firm founded in 1940 that provides boundary, ALTA/NSPS, topographic and related surveys for residential and commercial clients.
From the company's website. Industry: Engineering & architecture.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Laredo Petroleum · Tulsa, 8 mi · $1.95B
- Aaon, Inc. · Tulsa, 9 mi · $1.44B
- JCL SAFETY SERVICES, LLC · Tulsa, 2 mi · $1.02B
- XCALIBER INTERNATIONAL, LTD · Pryor, 37 mi · $615.3M
- KELVION INC. · Catoosa, 11 mi · $614.3M
Estimated value over time
▲ 33% 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
▲ 6% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 16 | $2.6M |
| 2020 | Form 5500 | 13 | $2.1M |
| 2021 | Form 5500 | 11 | $1.8M |
| 2022 | Form 5500 | 17 | $2.7M |
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 |
|---|---|---|
| WHITE SURVEYING COMPANY, INC. this business | $3.9M | — |
| Emerson Process Management Regulator Technologies Tulsa | $2.0M | 0.2 mi |
| KENCO INTERNATIONAL INC Tulsa · 95 employees | $32.3M | 0.3 mi |
| Computer World Tulsa | $2.0M | 0.3 mi |
| Odyssey Technologies Inc Tulsa | $2.0M | 0.3 mi |
| DUNBAR ENGINEERING Tulsa · 2 employees | $810K | 0.3 mi |
| Lucito Machine Shop Tulsa | $2.0M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.9M |
| Estimate: the two combined (geometric mean) | $3.9M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $645K |
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 | $2.8M |
| Multiple for this size and industry | 4.3× |
| Value range | $1.5M – $3.8M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $424K – $735K |
| Industry (NAICS) | Surveying and Mapping (except Geophysical) Services (541370) |
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
Leadership
- RKRandy K. ShoefstallVice President and Project Manager · Company website · source
- PDPaula D. KoehnOwner and Office Manager · Company website · source
- PKPaula KoehnSigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 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 | $202K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About White Surveying Company, Inc.
White Surveying Company, Inc. is an engineering & architecture company in Tulsa, Oklahoma, in business since 1940. It is owned by John L. Libby, Jr. (Owner and President). Its estimated annual revenue is about $3.9M, with roughly $645K of EBITDA. It has about 17 employees. Its estimated business value is $2.8M (likely range $1.5M–$3.8M).
Common questions
- Who owns White Surveying Company, Inc.?
- White Surveying Company, Inc. is owned by John L. Libby, Jr. (Owner and President), according to public sources such as the company's website or filings.
- How much revenue does White Surveying Company, Inc. make?
- SeeBITDA estimates White Surveying Company, Inc.'s annual revenue at about $3.9M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is White Surveying Company, Inc. worth?
- About $2.8M, roughly 4.3× its estimated EBITDA of $645K, typical for a engineering & architecture company its size. Likely range: $1.5M–$3.8M.
- How many employees does White Surveying Company, Inc. have?
- About 17, from its 2022 retirement-plan filing.
- When was White Surveying Company, Inc. founded?
- White Surveying Company, Inc. has been in business since 1940.
- Is White Surveying Company, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 86 years (since 1940); no family successor named on its website.