Artic Air Refrigeration
How we got $494K
Based on its 6 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ARTIC AIR REFRIGERATION this business | $2.1M | — |
| HINZ REFRIGERATION, INC. Clinton · 11 employees | $2.6M | 0.8 mi |
| Locke Supply Co - #143 - Hvac Supply Clinton | $1.9M | 0.8 mi |
| AT'S HEAT & AIR, LLC Clinton · 7 employees | $1.6M | 1.0 mi |
| JASON JONES PLUMBING Clinton · 2 employees | $795K | 1.0 mi |
| FOUR SEASONS HEATING AND AIR, INC Clinton · 12 employees | $3.1M | 1.4 mi |
| WILLIAMS ELECTRIC CLINTON LLC Clinton · 15 employees | $3.0M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $2.1M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $247K |
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 | $494K |
| Multiple for this size and industry | 2× |
| Value range | $260K – $675K |
| Revenue range | $1.4M – $2.4M |
| EBITDA range | $162K – $281K |
| 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
History & advisors
Advisors
- BankingFirst 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 Roles are as stated there and may be out of date.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 Bank and Trust Co PPP 2020, PPP 2021 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $79K | 6 |
| 2/2/2021 | second | $76K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Artic Air Refrigeration
Artic Air Refrigeration is a plumbing, heating & air company in Clinton, Oklahoma, in business since 2014. Its estimated annual revenue is about $2.1M, with roughly $247K of EBITDA. It has about 6 employees. Its estimated business value is $494K (likely range $260K–$675K).
Common questions
- Who owns Artic Air Refrigeration?
- The owner of Artic Air Refrigeration 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 Artic Air Refrigeration make?
- SeeBITDA estimates Artic Air Refrigeration's annual revenue at about $2.1M (likely between $1.4M and $2.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Artic Air Refrigeration worth?
- About $494K, roughly 2× its estimated EBITDA of $247K, typical for a plumbing, heating & air company its size. Likely range: $260K–$675K.
- How many employees does Artic Air Refrigeration have?
- About 6, as reported on its PPP loan.
- When was Artic Air Refrigeration founded?
- Artic Air Refrigeration has been in business since 2014.