Hicks Heating & Air
How we got $713K
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 Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
Hicks Heating, Air Conditioning, & Refrigeration, Inc. is an HVAC business in Mustang, OK that provides heating, cooling, plumbing and water heating service for homes and offices. It states it offers residential and commercial service.
From the company's website. Industry: Plumbing, heating & air.
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 |
|---|---|---|
| HICKS HEATING & AIR this business | $2.6M | — |
| MEARES MECHANICAL LLC Yukon · 7 employees | $2.4M | 1.5 mi |
| MIDSTATE RESTAURANT SERVICE INC Mustang · 11 employees | $3.7M | 1.9 mi |
| AC Medic Heating and Air Conditioning Mustang | $1.8M | 2.2 mi |
| VELOCITY ELECTRIC, LLC Mustang · 11 employees | $3.8M | 2.2 mi |
| ACKLIN BOILER, LLC Mustang · 2 employees | $1.1M | 2.3 mi |
| Shriver Electrical Mustang | $1.8M | 2.4 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) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.6M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $297K |
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 | $713K |
| Multiple for this size and industry | 2.4× |
| Value range | $375K – $976K |
| Revenue range | $1.7M – $2.9M |
| EBITDA range | $195K – $339K |
| 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
Advisors
- BankingFirst Fidelity 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
| First Fidelity Bank PPP 2020, PPP 2021 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $76K | 7 |
| 1/30/2021 | second | $78K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hicks Heating & Air
Hicks Heating & Air is a plumbing, heating & air company in Mustang, Oklahoma, in business since 2009. Its estimated annual revenue is about $2.6M, with roughly $297K of EBITDA. It has about 9 employees. Its estimated business value is $713K (likely range $375K–$976K).
Common questions
- Who owns Hicks Heating & Air?
- The owner of Hicks Heating & Air isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Hicks Heating & Air make?
- SeeBITDA estimates Hicks Heating & Air's annual revenue at about $2.6M (likely between $1.7M and $2.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hicks Heating & Air worth?
- About $713K, roughly 2.4× its estimated EBITDA of $297K, typical for a plumbing, heating & air company its size. Likely range: $375K–$976K.
- How many employees does Hicks Heating & Air have?
- About 9, as reported on its PPP loan.
- When was Hicks Heating & Air founded?
- Hicks Heating & Air has been in business since 2009.