Air Products Supply Co.
How we got $4.8M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 89% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| AIR PRODUCTS SUPPLY CO. this business | $16.2M | — |
| BIG RED SUPPLY LLC Norman · 6 employees | $5.1M | 6.0 mi |
| KETNER ENTERPRISES OF MOORE, INC Moore · 5 employees | $5.7M | 6.5 mi |
| J & E SUPPLY & FASTENER CO., INC. Oklahoma City · 40 employees | $25.7M | 12.5 mi |
| SNEED HEAT & AIR, LLC Blanchard · 8 employees | $8.2M | 13.0 mi |
| ALLIED HARDWARE LLC Oklahoma City · 3 employees | $3.2M | 14.0 mi |
| RAPID WATER HEATERS INC. Oklahoma City · 5 employees | $4.6M | 15.0 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.3M |
| Estimate: the two combined (geometric mean) | $16.2M |
| EBITDA margin (industry, adjusted for size) | 7% |
| 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 | $4.8M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.5M – $6.5M |
| Revenue range | $10.6M – $18.4M |
| EBITDA range | $728K – $1.3M |
| Industry (NAICS) | Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers (423730) |
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
- BankingFirst United Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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 United Bank and Trust Company PPP 2020 | All 2,229 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 | $207K | 18 |
3 locations
| 516 INTERSTATE DR | Norman | This listing |
| 266 Industrial Blvd | Goldsby | View |
| 3224 E I-240 Service Rd | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Air Products Supply Co.
Air Products Supply Co. is a warm air heating and air-conditioning equipment and supplies merchant wholesalers company in Norman, Oklahoma, in business since 2023. Its estimated annual revenue is about $16.2M, with roughly $1.1M of EBITDA. It has about 18 employees. Its estimated business value is $4.8M (likely range $2.5M–$6.5M). It has 3 locations.
Common questions
- Who owns Air Products Supply Co.?
- The owner of Air Products Supply Co. 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 Air Products Supply Co. make?
- SeeBITDA estimates Air Products Supply Co.'s annual revenue at about $16.2M (likely between $10.6M and $18.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Air Products Supply Co. worth?
- About $4.8M, roughly 4.3× its estimated EBITDA of $1.1M, typical for a warm air heating and air-conditioning equipment and supplies merchant wholesalers company its size. Likely range: $2.5M–$6.5M.
- How many employees does Air Products Supply Co. have?
- About 18, as reported on its PPP loan.
- When was Air Products Supply Co. founded?
- Air Products Supply Co. has been in business since 2023.