T & G Construction, Inc.
How we got $35.8M
Based on its 165 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 20% 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
▼ 46% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 165 | $55.1M |
| 2020 | Form 5500 | 96 | $32.1M |
| 2021 | Form 5500 | 110 | $36.8M |
| 2022 | Form 5500 | 84 | $28.1M |
| 2023 | Form 5500 | 89 | $29.7M |
| 2024 | Form 5500 | 87 | $29.1M |
| 2025 | Form 5500 | 89 | $29.7M |
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 Some signs of a sale
- In business 34 years (since 1992)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| T & G CONSTRUCTION, INC. this business | $74.6M | — |
| WORKEASLEY LLC Lawton · 11 employees | $6.9M | 4.1 mi |
| DM DOZER INC Bradley · 3 employees | $2.1M | 42.5 mi |
| CIRCLE S. PAVING CO., INC. Clinton · 22 employees | $13.0M | 68.8 mi |
| CORNELL CONSTRUCTION COMPANY INC Clinton · 22 employees | $11.5M | 69.2 mi |
| SHOEVALDOC CONSTRUCTION LLC Oklahoma City · 35 employees | $16.3M | 71.0 mi |
| ALL ROADS PAVING, INC. Oklahoma City · 35 employees | $19.9M | 72.0 mi |
The full calculation
| Employees reported to the SBA | 165 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $98.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $43.7M |
| Estimate: the two combined (geometric mean) | $74.6M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $7.3M |
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 | $35.8M |
| Multiple for this size and industry | 4.9× |
| Value range | $18.8M – $49.0M |
| Revenue range | $49.1M – $85.1M |
| EBITDA range | $4.8M – $8.3M |
| Industry (NAICS) | Highway, Street, and Bridge Construction (237310) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- AccountingEide Bailly LLPAudits its 401(k) plan (2022 filing)
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 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 | $972K | 165 |
| 4/7/2020 | first | $19K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About T & G Construction, Inc.
T & G Construction, Inc. is a highway, street, and bridge construction company in Lawton, Oklahoma, in business since 1992. It is owned by J.T. Grayson and Pete Tuck (Founder). Its estimated annual revenue is about $74.6M, with roughly $7.3M of EBITDA. It has about 89 employees. Its estimated business value is $35.8M (likely range $18.8M–$49.0M).
Common questions
- Who owns T & G Construction, Inc.?
- T & G Construction, Inc. is owned by J.T. Grayson and Pete Tuck (Founder), according to public sources such as the company's website or filings.
- How much revenue does T & G Construction, Inc. make?
- SeeBITDA estimates T & G Construction, Inc.'s annual revenue at about $74.6M (likely between $49.1M and $85.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is T & G Construction, Inc. worth?
- About $35.8M, roughly 4.9× its estimated EBITDA of $7.3M, typical for a highway, street, and bridge construction company its size. Likely range: $18.8M–$49.0M.
- How many employees does T & G Construction, Inc. have?
- About 89, from its 2025 retirement-plan filing.
- When was T & G Construction, Inc. founded?
- T & G Construction, Inc. has been in business since 1992.