Lightning Heating Air Conditioning & Commercial Refrigeratio
How we got $120K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 30% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
Lightning Mechanical LLC services, sells, installs and maintains cooking, refrigeration, and heat and air equipment for commercial businesses in Stillwater, Oklahoma and surrounding areas. It states it does not do residential work.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Customers
- Agricultural Research Service · federal contracts $29K
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SANTIAGO-BRENNAN'S MCDONALD'S INC. · Edmond, 40 mi · $74.6M
- OZARK PIZZA COMPANY, LLC · Oklahoma City, 44 mi · $67.8M
- CB RESTAURANTS, INC. · Oklahoma City, 42 mi · $53.9M
- WICHITA SDI, LLC · Prague, 53 mi · $46.7M
- MAGNUM FOODS, INC. · Oklahoma City, 45 mi · $43.1M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 56 mi · $76.0M
- SOUTHERN NAZARENE UNIVERSITY · Bethany, 50 mi · $72.1M
- OKLAHOMA CHRISTIAN UNIVERSITY, INC. - NONPROFIT (NO BUSINESS · Oklahoma City, 40 mi · $68.1M
- SANTA FE SOUTH SCHOOLS, INC. · Oklahoma City, 52 mi · $58.3M
- DOVE SCHOOLS INC. · Oklahoma City, 44 mi · $44.0M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LIGHTNING HEATING AIR CONDITIONING & COMMERCIAL REFRIGERATIO this business | $397K | — |
| STARKS PRO MECHANICAL, LLC Stillwater · 8 employees | $2.2M | 2.7 mi |
| Payne County Mechanical Stillwater | $1.9M | 2.9 mi |
| Comfort Crew Stillwater | $1.9M | 3.4 mi |
| ELITE ELECTRICAL CONTRACTORS, LLC Stillwater · 12 employees | $3.7M | 4.1 mi |
| MINER ELECTRIC INC Stillwater · 3 employees | $1.0M | 5.3 mi |
| McGee's Mechanical Stillwater | $1.9M | 5.6 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $259K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $469K |
| Estimate: the two combined (geometric mean) | $397K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $60K |
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 | $120K |
| Multiple for this size and industry | 2× |
| Value range | $63K – $164K |
| Revenue range | $261K – $453K |
| EBITDA range | $39K – $68K |
| 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
- BankingExchange Bank and Trust CompanyPPP / 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
| Exchange Bank and Trust Company PPP 2021 | All 217 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/27/2021 | second | $14K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lightning Heating Air Conditioning & Commercial Refrigeratio
Lightning Heating Air Conditioning & Commercial Refrigeratio is a plumbing, heating & air company in Stillwater, Oklahoma, in business since 2010. It is owned by Brian Russell (Founder). Its estimated annual revenue is about $397K, with roughly $60K of EBITDA. It has about 1 employees. Its estimated business value is $120K (likely range $63K–$164K).
Common questions
- Who owns Lightning Heating Air Conditioning & Commercial Refrigeratio?
- Lightning Heating Air Conditioning & Commercial Refrigeratio is owned by Brian Russell (Founder), according to public sources such as the company's website or filings.
- How much revenue does Lightning Heating Air Conditioning & Commercial Refrigeratio make?
- SeeBITDA estimates Lightning Heating Air Conditioning & Commercial Refrigeratio's annual revenue at about $397K (likely between $261K and $453K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lightning Heating Air Conditioning & Commercial Refrigeratio worth?
- About $120K, roughly 2× its estimated EBITDA of $60K, typical for a plumbing, heating & air company its size. Likely range: $63K–$164K.
- How many employees does Lightning Heating Air Conditioning & Commercial Refrigeratio have?
- About 1, as reported on its PPP loan.
- When was Lightning Heating Air Conditioning & Commercial Refrigeratio founded?
- Lightning Heating Air Conditioning & Commercial Refrigeratio has been in business since 2010.