Tri-State Drywall & Acoustical, Inc.
How we got $775K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $1.4M |
| 2020 | Form 5500 | 5 | $1.4M |
| 2021 | Form 5500 | 5 | $1.4M |
| 2022 | Form 5500 | 5 | $1.4M |
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 |
|---|---|---|
| TRI-STATE DRYWALL & ACOUSTICAL, INC. this business | $2.9M | — |
| ELITE INSULATION LLC Mustang · 3 employees | $2.0M | 1.8 mi |
| LANCE CONSTRUCTION INC. Mustang · 1 employees | $360K | 4.0 mi |
| PERMA-FLOR LLC Oklahoma City · 1 employees | $479K | 5.0 mi |
| ALL IN 1 COMMUNICATIONS INC Oklahoma City · 3 employees | $979K | 5.4 mi |
| LC TILE INC. Yukon · 1 employees | $431K | 5.6 mi |
| KEEPAINTING, LLC Yukon · 18 employees | $5.3M | 5.7 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.7M |
| Estimate: the two combined (geometric mean) | $2.9M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $337K |
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 | $775K |
| Multiple for this size and industry | 2.3× |
| Value range | $408K – $1.1M |
| Revenue range | $1.9M – $3.3M |
| EBITDA range | $222K – $384K |
| Industry (NAICS) | Drywall and Insulation Contractors (238310) |
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
- 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, PPP 2021 | 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 |
|---|---|---|---|
| 4/7/2020 | first | $48K | 5 |
| 1/23/2021 | second | $48K | 5 |
About Tri-State Drywall & Acoustical, Inc.
Tri-State Drywall & Acoustical, Inc. is a drywall & insulation company in Mustang, Oklahoma. Its estimated annual revenue is about $2.9M, with roughly $337K of EBITDA. It has about 5 employees. Its estimated business value is $775K (likely range $408K–$1.1M).
Common questions
- Who owns Tri-State Drywall & Acoustical, Inc.?
- The owner of Tri-State Drywall & Acoustical, Inc. 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 Tri-State Drywall & Acoustical, Inc. make?
- SeeBITDA estimates Tri-State Drywall & Acoustical, Inc.'s annual revenue at about $2.9M (likely between $1.9M and $3.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri-State Drywall & Acoustical, Inc. worth?
- About $775K, roughly 2.3× its estimated EBITDA of $337K, typical for a drywall & insulation company its size. Likely range: $408K–$1.1M.
- How many employees does Tri-State Drywall & Acoustical, Inc. have?
- About 5, from its 2022 retirement-plan filing.