L a King, LLC
How we got $3.2M
Based on its 14 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 72 years (since 1954)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
L. A. King, LLC supplies expansion joints and gaskets for power plants, metal building insulation, and commercial HVAC parts and materials to HVAC contractors, sheet metal fabricators and other businesses, operating from Tulsa and Oklahoma City since 1954.
From the company's website. Industry: Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MCINTOSH CORPORATION · Tulsa, 8 mi · $105.6M
- AIRCO SERVICES INC · Tulsa, 10 mi · $88.4M
- PLATINUM MECHANICAL, LLC · Tulsa, 8 mi · $49.5M
- AIR ASSURANCE ACQUISITION CO · Broken Arrow, 12 mi · $39.9M
- OCE MECHANICAL LLC · Broken Arrow, 11 mi · $22.1M
Estimated value over time
▲ 89% 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 |
|---|---|---|
| L A KING, LLC this business | $13.1M | — |
| W.M. HEITGRAS COMPANY Tulsa · 22 employees | $13.0M | 1.1 mi |
| RULE FASTENERS INC Tulsa · 11 employees | $9.2M | 1.4 mi |
| ENVIRONMENTAL PRODUCT SUPPLY INC Tulsa · 2 employees | $2.8M | 4.1 mi |
| GUSTO HOME SERVICES LLC Tulsa | $4.0M | 4.7 mi |
| HEATWAVE SUPPLY, INC. Tulsa · 46 employees | $61.2M | 5.2 mi |
| ARCTIC SALES AND LEASING, INC Tulsa · 5 employees | $5.1M | 5.9 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.1M |
| Estimate: the two combined (geometric mean) | $13.1M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $896K |
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 | $3.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.7M – $4.4M |
| Revenue range | $8.6M – $14.9M |
| EBITDA range | $589K – $1.0M |
| Industry (NAICS) | Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers (423730) |
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
“Lawrence A. King founded his company, L. A. King Company, in 1954 in Oklahoma City.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $174K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About L a King, LLC
L a King, LLC is a warm air heating and air-conditioning equipment and supplies merchant wholesalers company in Tulsa, Oklahoma, in business since 1954. It is owned by David L. Perkins, Jr.. Its estimated annual revenue is about $13.1M, with roughly $896K of EBITDA. It has about 14 employees. Its estimated business value is $3.2M (likely range $1.7M–$4.4M).
Common questions
- Who owns L a King, LLC?
- L a King, LLC is owned by David L. Perkins, Jr., according to public sources such as the company's website or filings.
- How much revenue does L a King, LLC make?
- SeeBITDA estimates L a King, LLC's annual revenue at about $13.1M (likely between $8.6M and $14.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is L a King, LLC worth?
- About $3.2M, roughly 3.6× its estimated EBITDA of $896K, typical for a warm air heating and air-conditioning equipment and supplies merchant wholesalers company its size. Likely range: $1.7M–$4.4M.
- How many employees does L a King, LLC have?
- About 14, as reported on its PPP loan.
- When was L a King, LLC founded?
- L a King, LLC has been in business since 1954.
- Is L a King, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 72 years (since 1954); no family successor named on its website.