Custom Heating and Air Conditioning, Inc.
How we got $4.9M
Based on its 42 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 46 years (since 1980)
- Founder still runs it after 46 years
From public records and the company's website, not a statement that it's for sale.
What they do
Custom Services (Custom Heating and Air Conditioning, Inc.) provides residential and commercial heating, air conditioning, and plumbing services in the Tulsa, Oklahoma area, with 24-hour emergency service.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- Daikin · brand it sells or installs
- Carrier · brand it sells or installs
- Lennox · 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 |
|---|---|---|
| CUSTOM HEATING AND AIR CONDITIONING, INC. this business | $15.6M | — |
| Cherry Mechanical Inc Broken Arrow | $1.8M | 0.0 mi |
| Spot On Plumbing of Tulsa Plumbers Broken Arrow | $1.8M | 0.0 mi |
| STE-MIK, INC. Broken Arrow · 9 employees | $2.0M | 0.1 mi |
| ELITE ELECTRIC INC Broken Arrow · 18 employees | $5.0M | 0.1 mi |
| LEAK ELECTRIC LLC Broken Arrow · 12 employees | $2.9M | 0.2 mi |
| Tulsa Plumbing Experts Broken Arrow | $1.8M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 42 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.0M |
| Estimate: the two combined (geometric mean) | $15.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.4M |
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 | $4.9M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.6M – $6.7M |
| Revenue range | $10.3M – $17.8M |
| EBITDA range | $892K – $1.5M |
| 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
Advisors
- BankingThe First National Bank and Trust Company of Broken ArrowPPP / 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
| The First National Bank and Trust Company of Broken Arrow PPP 2020 | All 149 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 | $503K | 42 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Custom Heating and Air Conditioning, Inc.
Custom Heating and Air Conditioning, Inc. is a plumbing, heating & air company in Broken Arrow, Oklahoma, in business since 1980. It is owned by Bob Townsend. Its estimated annual revenue is about $15.6M, with roughly $1.4M of EBITDA. It has about 42 employees. Its estimated business value is $4.9M (likely range $2.6M–$6.7M).
Common questions
- Who owns Custom Heating and Air Conditioning, Inc.?
- Custom Heating and Air Conditioning, Inc. is owned by Bob Townsend, according to public sources such as the company's website or filings.
- How much revenue does Custom Heating and Air Conditioning, Inc. make?
- SeeBITDA estimates Custom Heating and Air Conditioning, Inc.'s annual revenue at about $15.6M (likely between $10.3M and $17.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Custom Heating and Air Conditioning, Inc. worth?
- About $4.9M, roughly 3.6× its estimated EBITDA of $1.4M, typical for a plumbing, heating & air company its size. Likely range: $2.6M–$6.7M.
- How many employees does Custom Heating and Air Conditioning, Inc. have?
- About 42, as reported on its PPP loan.
- When was Custom Heating and Air Conditioning, Inc. founded?
- Custom Heating and Air Conditioning, Inc. has been in business since 1980.
- Is Custom Heating and Air Conditioning, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 46 years (since 1980); founder still runs it after 46 years.