Iaqs, Inc.
How we got $1.2M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Employees over time
▲ 43% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $2.1M |
| 2020 | Form 5500 | 9 | $2.6M |
| 2021 | Form 5500 | 9 | $2.6M |
| 2022 | Form 5500 | 9 | $2.6M |
| 2023 | Form 5500 | 9 | $2.6M |
| 2024 | Form 5500 | 10 | $2.9M |
| 2025 | Form 5500 | 10 | $2.9M |
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 |
|---|---|---|
| IAQS, INC. this business | $3.0M | — |
| COMFORT SPECIALISTS AIR COND\HEAT\REFRIG LLC Oklahoma City · 1 employees | $819K | 2.4 mi |
| SANCHEZ MECHANICAL Del City · 1 employees | $892K | 2.8 mi |
| THERMALDYNAMICS, LLC Midwest City | $2.5M | 7.6 mi |
| ARTHUR'S AIR CONDITIONING & HEATING LLC Norman · 12 employees | $4.1M | 11.5 mi |
| ARTHURS AIR CONDITIONING & HEATING, LLC Norman · 9 employees | $4.4M | 11.5 mi |
| CONTEMPORARY FAMILY DENTISTRY PC Newcastle · 21 employees | $12.4M | 11.9 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $3.0M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $383K |
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 | $1.2M |
| Multiple for this size and industry | 3.2× |
| Value range | $646K – $1.7M |
| Revenue range | $2.0M – $3.4M |
| EBITDA range | $252K – $437K |
| 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
People & advisors
Advisors
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/16/2020 | first | $60K | 7 |
About Iaqs, Inc.
Iaqs, Inc. is an air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $3.0M, with roughly $383K of EBITDA. It has about 10 employees. Its estimated business value is $1.2M (likely range $646K–$1.7M).
Common questions
- Who owns Iaqs, Inc.?
- The owner of Iaqs, Inc. 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 Iaqs, Inc. make?
- SeeBITDA estimates Iaqs, Inc.'s annual revenue at about $3.0M (likely between $2.0M and $3.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Iaqs, Inc. worth?
- About $1.2M, roughly 3.2× its estimated EBITDA of $383K, typical for a air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing company its size. Likely range: $646K–$1.7M.
- How many employees does Iaqs, Inc. have?
- About 10, from its 2025 retirement-plan filing.