Winters & King, Inc.
- Thomas J. WintersAttorney · Company website
- Michael J. KingAttorney · Company website
- Wesley R. CarterAttorney · Company website
- Ted J. NelsonAttorney · Company website
- Spencer C. PittmanAttorney · Company website
How we got $3.6M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 26% 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
▲ 26% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 19 | $5.3M |
| 2020 | Form 5500 | 18 | $5.0M |
| 2021 | Form 5500 | 14 | $3.9M |
| 2022 | Form 5500 | 16 | $4.4M |
| 2023 | Form 5500 | 17 | $4.7M |
| 2024 | Form 5500 | 24 | $6.7M |
| 2025 | Form 5500 | 24 | $6.7M |
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.
What we know
Signs of a sale Likely to sell
- In business 43 years (since 1983)
- Founder still runs it after 43 years
- Family in the business (Michael J. King, Attorney)
From public records and the company's website, not a statement that it's for sale.
What they do
Winters & King, Inc. is a Tulsa, Oklahoma law firm offering legal services to businesses, nonprofits, churches, families and individuals, practicing principally in Oklahoma with some services throughout the United States.
From the company's website. Industry: Law firms.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- FOLDS OF HONOR FOUNDATION · Owasso, 17 mi · $75.9M
- ROMAN CATHOLIC DIOCESE OF TULSA · Broken Arrow, 6 mi · $68.3M
- WILLIE GEORGE MINISTRIES, INC · Tulsa, 11 mi · $59.6M
- VICTORY CHRISTIAN CENTER INC · Tulsa, 1 mi · $56.8M
- THE CHURCH AT BATTLECREEK INC. · Broken Arrow, 8 mi · $44.9M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WINTERS & KING, INC. this business | $6.5M | — |
| Schneidau Law Firm Tulsa | $948K | 0.0 mi |
| STEIDLEY & NEAL PLLC Tulsa · 43 employees | $13.2M | 0.2 mi |
| BUNDREN LAW FIRM, P.C. Tulsa · 1 employees | $255K | 0.7 mi |
| The Law Office of Tiffany N. Graves, PLLC Tulsa | $948K | 0.7 mi |
| Jennings Graves Tulsa | $1.9M | 0.7 mi |
| FISHER & FISHER Tulsa · 2 employees | $918K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.8M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 16% |
| 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 | $4.3M – $7.4M |
| EBITDA range | $697K – $1.2M |
| Industry (NAICS) | Offices of Lawyers (541110) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“In 1983, attorneys Thomas J. Winters and Michael J. King founded the law firm of Winters & King, Inc. to provide personal attention and legal counsel to organizations and individuals worldwide.”
Advisors
- BankingFirst Oklahoma 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 Oklahoma Bank PPP 2020 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $280K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Winters & King, Inc.
Winters & King, Inc. is a law firms company in Tulsa, Oklahoma, in business since 1983. It is owned by Thomas J. Winters and Michael J. King (Founder). Its estimated annual revenue is about $6.5M, with roughly $1.1M of EBITDA. It has about 24 employees. Its estimated business value is $3.6M (likely range $1.9M–$4.9M).
Common questions
- Who owns Winters & King, Inc.?
- Winters & King, Inc. is owned by Thomas J. Winters and Michael J. King (Founder), according to public sources such as the company's website or filings.
- How much revenue does Winters & King, Inc. make?
- SeeBITDA estimates Winters & King, Inc.'s annual revenue at about $6.5M (likely between $4.3M and $7.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Winters & King, Inc. worth?
- About $3.6M, roughly 3.4× its estimated EBITDA of $1.1M, typical for a law firms company its size. Likely range: $1.9M–$4.9M.
- How many employees does Winters & King, Inc. have?
- About 24, from its 2025 retirement-plan filing.
- When was Winters & King, Inc. founded?
- Winters & King, Inc. has been in business since 1983.
- Is Winters & King, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 43 years (since 1983); founder still runs it after 43 years; family in the business (michael j. king, attorney).