Custom Mechanical Equipment, Inc.
How we got $7.0M
Based on its 37 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 59% 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.
What we know
Signs of a sale Some signs of a sale
- In business 27 years (since 1999)
- 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
Custom Mechanical Equipment is a custom manufacturer of multizone HVAC systems and rooftop screening for commercial buildings, built to each project's requirements from its Ponca City, OK campus. It states it is not a distributor.
From the company's website. Industry: Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing.
Customers & suppliers
Customers
- Canyon High School · named on its website
- Texas AirSystems · named on its website
- Capital Engineering · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PERSIMMON RIDGE LLC · Tulsa, 68 mi · $116.9M
- RIVERFIELD COUNTRY DAY SCHOOL · Tulsa, 75 mi · $11.6M
- THE OKLAHOMA BIBLE ACADEMY · Enid, 52 mi · $10.1M
- ESVCA LLC · Guthrie, 63 mi · $9.8M
- LEGACY CHILDHOOD EDUCATION CENTERS LLC · Sand Springs, 68 mi · $7.1M
- LUCKINBILL INC · Enid, 48 mi · $81.9M
- OKLAHOMA CHILLER CORPORATION · Tulsa, 74 mi · $16.3M
- STOLHAND WELLS PLUMBING, HEATING AND AIR CONDITIONING INC · Ponca City, 2 mi · $14.1M
- ALL AMERICAN PLUMBING, INC · Tulsa, 74 mi · $13.3M
- DENSE ENTERPRISES LLC · Enid, 48 mi · $13.0M
- SPESS OIL COMPANY · Cleveland, 46 mi · $168.0M
- MARSAU ENTERPRISES, INC. · Enid, 46 mi · $144.4M
- WACHOB OIL & GAS, LLC · Sapulpa, 78 mi · $141.7M
- LUGREG TRUCKING LLC · Kingfisher, 75 mi · $123.4M
- DEXXON, INC. · Kiefer, 80 mi · $92.4M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CUSTOM MECHANICAL EQUIPMENT, INC. this business | $14.4M | — |
| SOURCE FABRICATION LLC Ponca City · 4 employees | $2.2M | 0.0 mi |
| Custom Powder and Blasting Ponca City | $3.3M | 0.0 mi |
| COOKSHACK, INC. Ponca City · 35 employees | $17.1M | 0.2 mi |
| M J & H FABRICATION INC. Ponca City · 63 employees | $40.0M | 0.2 mi |
| MERTZ MANUFACTURING, INC. Ponca City · 189 employees | $110.3M | 0.4 mi |
| MITCHCO FABRICATION, INC. Ponca City · 5 employees | $1.9M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $13.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.2M |
| Estimate: the two combined (geometric mean) | $14.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $1.5M |
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 | $7.0M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.7M – $9.6M |
| Revenue range | $9.5M – $16.4M |
| EBITDA range | $986K – $1.7M |
| Industry (NAICS) | Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415) |
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
“CME was founded to give building owners a practical replacement path when legacy multizone equipment no longer met efficiency and serviceability expectations.”
Advisors
- BankingEquity Bank, First National Bank of OklahomaPPP / 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
| Equity Bank PPP 2020 | All 375 borrowers → |
| First National Bank of Oklahoma PPP 2021 | All 405 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $391K | 36 |
| 1/20/2021 | second | $377K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Custom Mechanical Equipment, Inc.
Custom Mechanical Equipment, Inc. is a family-owned air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing company in Ponca City, Oklahoma, in business since 1999. It is owned by Erik Peitz (CEO – Owner). Its estimated annual revenue is about $14.4M, with roughly $1.5M of EBITDA. It has about 37 employees. Its estimated business value is $7.0M (likely range $3.7M–$9.6M).
Common questions
- Who owns Custom Mechanical Equipment, Inc.?
- Custom Mechanical Equipment, Inc. is owned by Erik Peitz (CEO – Owner), according to public sources such as the company's website or filings.
- How much revenue does Custom Mechanical Equipment, Inc. make?
- SeeBITDA estimates Custom Mechanical Equipment, Inc.'s annual revenue at about $14.4M (likely between $9.5M and $16.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Custom Mechanical Equipment, Inc. worth?
- About $7.0M, roughly 4.7× its estimated EBITDA of $1.5M, typical for a air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing company its size. Likely range: $3.7M–$9.6M.
- How many employees does Custom Mechanical Equipment, Inc. have?
- About 37, as reported on its PPP loan.
- When was Custom Mechanical Equipment, Inc. founded?
- Custom Mechanical Equipment, Inc. has been in business since 1999.