Air Power Systems Co. LLC
How we got $18.8M
Based on its 81 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Acquired by Ingersoll Rand (2024)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Ingersoll Rand · Oct 2024Ingersoll Rand (NYSE: IR) acquired Air Power Systems Co. LLC as one of three bolt-on acquisitions announced in October 2024.Source
Estimated value over time
▼ 13% 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
▲ 35% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 81 | $21.5M |
| 2020 | Form 5500 | 69 | $18.3M |
| 2021 | Form 5500 | 82 | $21.8M |
| 2022 | Form 5500 | 93 | $24.7M |
| 2023 | Form 5500 | 106 | $28.2M |
| 2024 | Form 5500 | 109 | $29.0M |
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 POWER SYSTEMS CO. LLC this business | $34.1M | — |
| GRAND PRIX AUTO SPORTS CENTERS, INC. Tulsa · 3 employees | $1.5M | 4.8 mi |
| THE PARTS DEALER, LLC Broken Arrow · 12 employees | $3.0M | 4.8 mi |
| MIDWESTERN MOTOR REBUILDERS Tulsa · 26 employees | $8.9M | 6.6 mi |
| BAIRD VALVE AND REGULATOR, LLC Tulsa · 41 employees | $20.2M | 7.4 mi |
| POWER TRAIN INC Tulsa · 4 employees | $3.4M | 7.7 mi |
| MEMORIAL MACHINE INC Tulsa · 75 employees | $33.0M | 8.8 mi |
The full calculation
| Employees reported to the SBA | 81 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $27.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $33.1M |
| Estimate: the two combined (geometric mean) | $34.1M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $3.2M |
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 | $18.8M |
| Multiple for this size and industry | 5.8× |
| Value range | $9.9M – $25.8M |
| Revenue range | $22.4M – $38.9M |
| EBITDA range | $2.1M – $3.7M |
| Industry (NAICS) | Other Motor Vehicle Parts Manufacturing (336390) |
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
- BankingEnterprise Bank & TrustPPP / 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
| Enterprise Bank & Trust PPP 2020 | All 7 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $963K | 81 |
About Air Power Systems Co. LLC
Air Power Systems Co. LLC is an other motor vehicle parts manufacturing company in Tulsa, Oklahoma. It is owned by Vince Williams (CEO). Its estimated annual revenue is about $34.1M, with roughly $3.2M of EBITDA. It has about 109 employees. Its estimated business value is $18.8M (likely range $9.9M–$25.8M).
Common questions
- Who owns Air Power Systems Co. LLC?
- Air Power Systems Co. LLC is owned by Vince Williams (CEO), according to public sources such as the company's website or filings.
- How much revenue does Air Power Systems Co. LLC make?
- SeeBITDA estimates Air Power Systems Co. LLC's annual revenue at about $34.1M (likely between $22.4M and $38.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Air Power Systems Co. LLC worth?
- About $18.8M, roughly 5.8× its estimated EBITDA of $3.2M, typical for a other motor vehicle parts manufacturing company its size. Likely range: $9.9M–$25.8M.
- How many employees does Air Power Systems Co. LLC have?
- About 109, from its 2024 retirement-plan filing.