Hinton Refrigeration Company
How we got $17.4M
Based on its 55 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 74 years (since 1952)
- No family successor named on its website
- Headcount down 24% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Hinton Refrigeration is a full service heating, venting, air conditioning, refrigeration, and Indoor Air Quality contractor serving the Oklahoma City area, with over 60 years of servicing, installing and maintaining heating, air conditioning and refrigeration equipment.
From the company's website. Industry: Engineering & architecture.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SOONER COOPERATIVE INC · Okeene, 60 mi · $15.4M
- J AND S DISTRIBUTIONS LLC · Oklahoma City, 9 mi · $8.6M
- 190 SELF STORAGE MANAGEMENT CO, INC. · Mustang, 10 mi · $8.3M
- ACE TRANSFER & STORAGE CO · Oklahoma City, 7 mi · $7.7M
- LAND RUN FARMERS COOPERATIVE · Waukomis, 58 mi · $6.6M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 38 mi · $76.0M
- SOUTHERN NAZARENE UNIVERSITY · Bethany, 3 mi · $72.1M
- OKLAHOMA CHRISTIAN UNIVERSITY, INC. - NONPROFIT (NO BUSINESS · Oklahoma City, 12 mi · $71.2M
- SANTA FE SOUTH SCHOOLS, INC. · Oklahoma City, 6 mi · $58.3M
- DOVE SCHOOLS INC. · Oklahoma City, 8 mi · $44.0M
- SANTIAGO-BRENNAN'S MCDONALD'S INC. · Edmond, 11 mi · $74.6M
- OZARK PIZZA COMPANY, LLC · Oklahoma City, 8 mi · $67.7M
- CB RESTAURANTS, INC. · Oklahoma City, 10 mi · $53.9M
- WICHITA SDI, LLC · Prague, 51 mi · $46.7M
- MAGNUM FOODS, INC. · Oklahoma City, 6 mi · $43.0M
Estimated value over time
▲ 90% 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.
Employees over time
▼ 24% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 55 | $12.0M |
| 2020 | Form 5500 | 55 | $12.0M |
| 2021 | Form 5500 | 44 | $9.6M |
| 2022 | Form 5500 | 47 | $10.3M |
| 2023 | Form 5500 | 46 | $10.1M |
| 2024 | Form 5500 | 42 | $9.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HINTON REFRIGERATION COMPANY this business | $20.6M | — |
| Wayarc Group Oklahoma City | $2.0M | 0.4 mi |
| HINDERLITER GEOTECHNICAL ENGINEERING, LLC Oklahoma City · 6 employees | $1.9M | 0.7 mi |
| OneSOURCE Managed Services Oklahoma City | $2.0M | 0.7 mi |
| GIBB DEVELOPMENT COMPANY Oklahoma City · 6 employees | $2.0M | 0.8 mi |
| The King Electronics & Computer Repair Vermont Oklahoma City | $2.0M | 0.9 mi |
| Direct Sales Professionals Oklahoma City | $2.0M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.9M |
| Estimate: the two combined (geometric mean) | $20.6M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $2.8M |
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 | $17.4M |
| Multiple for this size and industry | 6.3× |
| Value range | $9.2M – $23.9M |
| Revenue range | $13.6M – $23.5M |
| EBITDA range | $1.8M – $3.2M |
| Industry (NAICS) | Engineering Services (541330) |
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
“Hinton Refrigeration Company was founded in Oklahoma City in 1952 by Argus Hinton.”
Leadership
- STSharon TuckerSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- BankingProsperity 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
| Prosperity Bank PPP 2020, PPP 2021 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $900K | 55 |
| 2/4/2021 | second | $900K | 53 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hinton Refrigeration Company
Hinton Refrigeration Company is an engineering & architecture company in Oklahoma City, Oklahoma, in business since 1952. It is owned by James A. Hinton (Company Founder). Its estimated annual revenue is about $20.6M, with roughly $2.8M of EBITDA. It has about 42 employees. Its estimated business value is $17.4M (likely range $9.2M–$23.9M).
Common questions
- Who owns Hinton Refrigeration Company?
- Hinton Refrigeration Company is owned by James A. Hinton (Company Founder), according to public sources such as the company's website or filings.
- How much revenue does Hinton Refrigeration Company make?
- SeeBITDA estimates Hinton Refrigeration Company's annual revenue at about $20.6M (likely between $13.6M and $23.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hinton Refrigeration Company worth?
- About $17.4M, roughly 6.3× its estimated EBITDA of $2.8M, typical for a engineering & architecture company its size. Likely range: $9.2M–$23.9M.
- How many employees does Hinton Refrigeration Company have?
- About 42, from its 2024 retirement-plan filing.
- When was Hinton Refrigeration Company founded?
- Hinton Refrigeration Company has been in business since 1952.
- Is Hinton Refrigeration Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 74 years (since 1952); no family successor named on its website; headcount down 24% since 2020 (retirement plan filings).