Air Assurance Acquisition Co
How we got $15.2M
Based on its 100 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 36% 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
▼ 1% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 100 | $20.4M |
| 2020 | Form 5500 | 93 | $19.0M |
| 2021 | Form 5500 | 116 | $23.7M |
| 2022 | Form 5500 | 99 | $20.2M |
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 |
|---|---|---|
| AIR ASSURANCE ACQUISITION CO this business | $39.9M | — |
| TradePros Heat & Air Broken Arrow | $1.8M | 0.5 mi |
| User Friendly Home Services, Tulsa Broken Arrow | $1.8M | 0.6 mi |
| Star Plumbing & Drains Broken Arrow | $1.8M | 0.6 mi |
| Scott Blevins Service Company Broken Arrow | $1.8M | 0.7 mi |
| T&M HEATING AND AIR CONDITIONING Broken Arrow · 5 employees | $1.5M | 0.8 mi |
| Tulsa Winair Broken Arrow | $1.8M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 100 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $33.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $36.4M |
| Estimate: the two combined (geometric mean) | $39.9M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $3.5M |
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 | $15.2M |
| Multiple for this size and industry | 4.4× |
| Value range | $8.0M – $20.8M |
| Revenue range | $26.2M – $45.5M |
| EBITDA range | $2.3M – $3.9M |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- DTDavid T. RampeySigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- AccountingMorse & Co. PLLCAudits its 401(k) plan (2022 filing)
- BankingAVB 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
| AVB Bank PPP 2020 | All 309 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 | $1.2M | 100 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Air Assurance Acquisition Co
Air Assurance Acquisition Co is a plumbing, heating & air company in Broken Arrow, Oklahoma. It is owned by David Rampey (President and Owner). Its estimated annual revenue is about $39.9M, with roughly $3.5M of EBITDA. It has about 99 employees. Its estimated business value is $15.2M (likely range $8.0M–$20.8M).
Common questions
- Who owns Air Assurance Acquisition Co?
- Air Assurance Acquisition Co is owned by David Rampey (President and Owner), according to public sources such as the company's website or filings.
- How much revenue does Air Assurance Acquisition Co make?
- SeeBITDA estimates Air Assurance Acquisition Co's annual revenue at about $39.9M (likely between $26.2M and $45.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Air Assurance Acquisition Co worth?
- About $15.2M, roughly 4.4× its estimated EBITDA of $3.5M, typical for a plumbing, heating & air company its size. Likely range: $8.0M–$20.8M.
- How many employees does Air Assurance Acquisition Co have?
- About 99, from its 2022 retirement-plan filing.