Heater Fabrictors of Tulsa, LLC
How we got $47.2M
Based on its 157 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 58% 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 |
|---|---|---|
| HEATER FABRICTORS OF TULSA, LLC this business | $76.2M | — |
| Technotherm Corporation Tulsa | $1.1M | 1.2 mi |
| FRONTIER REFRIDERATION LLC Tulsa · 9 employees | $4.7M | 1.2 mi |
| LIMCO AIREPAIR INC Tulsa · 170 employees | $68.2M | 2.7 mi |
| SPECIFIC SYSTEMS, LLC Tulsa · 73 employees | $33.5M | 3.3 mi |
| Aaon, Inc. Tulsa | $1.44B | 3.5 mi |
| AAON, Inc. Tulsa | $1.3M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 157 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $80.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $55.2M |
| Estimate: the two combined (geometric mean) | $76.2M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $6.9M |
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 | $47.2M |
| Multiple for this size and industry | 6.8× |
| Value range | $24.9M – $64.6M |
| Revenue range | $50.1M – $86.8M |
| EBITDA range | $4.6M – $7.9M |
| Industry (NAICS) | Heating Equipment (except Warm Air Furnaces) Manufacturing (333414) |
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. 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
- BankingArvest BankPPP / 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $1.3M | 157 |
| 2/19/2021 | second | $1.3M | 64 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Heater Fabrictors of Tulsa, LLC
Heater Fabrictors of Tulsa, LLC is a heating equipment (except warm air furnaces) manufacturing company in Tulsa, Oklahoma. It is owned by David Ridgeway (President). Its estimated annual revenue is about $76.2M, with roughly $6.9M of EBITDA. It has about 157 employees. Its estimated business value is $47.2M (likely range $24.9M–$64.6M).
Common questions
- Who owns Heater Fabrictors of Tulsa, LLC?
- Heater Fabrictors of Tulsa, LLC is owned by David Ridgeway (President), according to public sources such as the company's website or filings.
- How much revenue does Heater Fabrictors of Tulsa, LLC make?
- SeeBITDA estimates Heater Fabrictors of Tulsa, LLC's annual revenue at about $76.2M (likely between $50.1M and $86.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Heater Fabrictors of Tulsa, LLC worth?
- About $47.2M, roughly 6.8× its estimated EBITDA of $6.9M, typical for a heating equipment (except warm air furnaces) manufacturing company its size. Likely range: $24.9M–$64.6M.
- How many employees does Heater Fabrictors of Tulsa, LLC have?
- About 157, as reported on its PPP loan.