Davco Heating Cooling & Plumbing, LLC
How we got $2.1M
Based on its 21 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
- Family in the business (Austin Lang, Vice President of Construction/Owner)
From public records and the company's website, not a statement that it's for sale.
What they do
DaVco Mechanical is a family-owned and operated heating, cooling and plumbing company in Sperry, OK, offering residential and commercial HVAC and plumbing service, installation and repair. It says it has served the Tulsa area for 25 years.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- Trane · brand it sells or installs
- Mitsubishi · brand it sells or installs
- AO Smith · brand it sells or installs
- Kohler · brand it sells or installs
- Delta · brand it sells or installs
- American Standard · 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 |
|---|---|---|
| DAVCO HEATING COOLING & PLUMBING, LLC this business | $7.5M | — |
| DAVCO MECHANICAL, LLC Sperry · 63 employees | $20.8M | 0.0 mi |
| JD'S ELECTRIC INC. Sperry · 6 employees | $1.7M | 0.9 mi |
| A1 Quality Heating and Air Sperry | $1.8M | 1.2 mi |
| DNA ELECTRICAL SERVICES,INC Sperry · 2 employees | $446K | 1.6 mi |
| DANYEUR LLC Sperry · 5 employees | $1.3M | 1.7 mi |
| COULSON ELECTRIC, INC. Sperry · 6 employees | $1.6M | 3.7 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.0M |
| Estimate: the two combined (geometric mean) | $7.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $703K |
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 | $2.1M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.9M |
| Revenue range | $5.0M – $8.6M |
| EBITDA range | $462K – $801K |
| 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
Leadership
- DBDuane BryantOwner · Company website · source
- ALAustin LangVice President of Construction/Owner · Company website · source
- RHRuss HowardVice President of Operations · Company website · source
- DBDustin BryantHVAC Supervisor · Company website · source
- BLBrenda LangAccounting / Human Resources · Company website · source
- DLDustin LangVice President of Service/Owner · Company website · source
- CBCory BryantService Manager/Dispatcher · Company website · source
- BVBrent VandenameelePlumbing Supervisor · Company website · source
Advisors
- BankingFirst Bank of OwassoPPP / 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 of Owasso PPP 2020 | All 426 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $234K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Davco Heating Cooling & Plumbing, LLC
Davco Heating Cooling & Plumbing, LLC is a family-owned plumbing, heating & air company in Sperry, Oklahoma, in business since 2009. It is owned by Virgil Lang. Its estimated annual revenue is about $7.5M, with roughly $703K of EBITDA. It has about 21 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.9M).
Common questions
- Who owns Davco Heating Cooling & Plumbing, LLC?
- Davco Heating Cooling & Plumbing, LLC is owned by Virgil Lang, according to public sources such as the company's website or filings.
- How much revenue does Davco Heating Cooling & Plumbing, LLC make?
- SeeBITDA estimates Davco Heating Cooling & Plumbing, LLC's annual revenue at about $7.5M (likely between $5.0M and $8.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Davco Heating Cooling & Plumbing, LLC worth?
- About $2.1M, roughly 3× its estimated EBITDA of $703K, typical for a plumbing, heating & air company its size. Likely range: $1.1M–$2.9M.
- How many employees does Davco Heating Cooling & Plumbing, LLC have?
- About 21, as reported on its PPP loan.
- When was Davco Heating Cooling & Plumbing, LLC founded?
- Davco Heating Cooling & Plumbing, LLC has been in business since 2009.