Bowman Heat and Air, Inc.
- Cameron OldenRuns the company (took over from his father in 2008) · Company website
How we got $843K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 50 years (since 1976)
- Founder still runs it after 50 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Bowman Heat & Air, Inc. is a heat and air contractor in Coweta, OK that installs and services residential heat and air conditioning systems and also provides residential and light commercial service. It says it has served the Tulsa metro area for nearly 50 years.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- Goodman · brand it sells or installs
- Trane · brand it sells or installs
- Lennox · brand it sells or installs
- Carrier · brand it sells or installs
- Armstrong · brand it sells or installs
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 |
|---|---|---|
| BOWMAN HEAT AND AIR, INC. this business | $3.0M | — |
| ANISTY ELECTRIC INC Coweta · 5 employees | $1.3M | 0.9 mi |
| HENDERSON PLUMBING CO., INC Coweta · 2 employees | $485K | 1.0 mi |
| Superior Plumbing, Drain Cleaning & Water Heater Repair Coweta | $1.8M | 1.4 mi |
| BESTWAY AIR FILTERS, INC. Coweta · 5 employees | $990K | 1.4 mi |
| BLIZZARD HEAT & AIR, INC. Coweta · 6 employees | $1.5M | 1.8 mi |
| Barraza Electric Company L.L.C. Coweta | $1.8M | 2.1 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.3M |
| Estimate: the two combined (geometric mean) | $3.0M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $351K |
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 | $843K |
| Multiple for this size and industry | 2.4× |
| Value range | $444K – $1.2M |
| Revenue range | $2.0M – $3.4M |
| EBITDA range | $231K – $400K |
| 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
“Bowman Heat & Air, Inc. was veteran founded in 1976 by James "Eddie" Bowman to serve the rapidly growing construction needs in the Tulsa metropolitan area.”
Advisors
- BankingFNB CowetaPPP / 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
| FNB Coweta PPP 2020 | All 118 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $107K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bowman Heat and Air, Inc.
Bowman Heat and Air, Inc. is a family-owned plumbing, heating & air company in Coweta, Oklahoma, in business since 1976. It is owned by James "Eddie" Bowman (Founder). Its estimated annual revenue is about $3.0M, with roughly $351K of EBITDA. It has about 9 employees. Its estimated business value is $843K (likely range $444K–$1.2M).
Common questions
- Who owns Bowman Heat and Air, Inc.?
- Bowman Heat and Air, Inc. is owned by James "Eddie" Bowman (Founder), according to public sources such as the company's website or filings.
- How much revenue does Bowman Heat and Air, Inc. make?
- SeeBITDA estimates Bowman Heat and Air, Inc.'s annual revenue at about $3.0M (likely between $2.0M and $3.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bowman Heat and Air, Inc. worth?
- About $843K, roughly 2.4× its estimated EBITDA of $351K, typical for a plumbing, heating & air company its size. Likely range: $444K–$1.2M.
- How many employees does Bowman Heat and Air, Inc. have?
- About 9, as reported on its PPP loan.
- When was Bowman Heat and Air, Inc. founded?
- Bowman Heat and Air, Inc. has been in business since 1976.
- Is Bowman Heat and Air, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 50 years (since 1976); founder still runs it after 50 years; no family successor named on its website.