Melton's Air Conditioning & Appliance Service, Inc.
How we got $1.5M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 75 years (since 1951)
- Family in the business (Randy Melton, Co-owner)
From public records and the company's website, not a statement that it's for sale.
What they do
Melton's Air Conditioning & Appliance Service Inc. is a local, family-owned business in Pryor, OK providing sales, service, installation and parts for residential and commercial heating, cooling, refrigeration, appliances, central vacuum systems, and restaurant and kitchen equipment.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- American Home Shield · brand it sells or installs
- Assurant · brand it sells or installs
- Cross Country · brand it sells or installs
- Asurion · brand it sells or installs
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.
Employees over time
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $3.1M |
| 2020 | Form 5500 | 16 | $3.3M |
| 2021 | Form 5500 | 15 | $3.1M |
| 2022 | Form 5500 | 16 | $3.3M |
| 2023 | Form 5500 | 18 | $3.7M |
| 2024 | Form 5500 | 15 | $3.1M |
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 |
|---|---|---|
| MELTON'S AIR CONDITIONING & APPLIANCE SERVICE, INC. this business | $4.8M | — |
| AIR-HEAT SYSTEMS, LLC Pryor · 3 employees | $834K | 0.1 mi |
| COLLINS ELECTRIC COMPANY OF OKLAHOMA, INC Pryor · 29 employees | $11.0M | 0.2 mi |
| S & J PLUMBING, INC. Pryor | $1.8M | 0.5 mi |
| MASTERS HEATING & COOLING, INC. Pryor · 14 employees | $3.7M | 0.7 mi |
| S&J PLUMBIMG, INC. Pryor · 7 employees | $2.2M | 0.8 mi |
| MAYFIELD PLUMBING CONSTRUCTION,INC Pryor · 5 employees | $1.6M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.7M |
| Estimate: the two combined (geometric mean) | $4.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $511K |
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 | $1.5M |
| Multiple for this size and industry | 3× |
| Value range | $806K – $2.1M |
| Revenue range | $3.2M – $5.5M |
| EBITDA range | $336K – $582K |
| 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
People & advisors
Leadership
- RMRandy MeltonCo-owner · Company website · source
- RMRoger MeltonCo-owner (died 2017) · Company website · source
- CMConnie MeltonSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $160K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Melton's Air Conditioning & Appliance Service, Inc.
Melton's Air Conditioning & Appliance Service, Inc. is a family-owned plumbing, heating & air company in Pryor, Oklahoma, in business since 1951. It is owned by Roger & Randy Melton (Co-Owners). Its estimated annual revenue is about $4.8M, with roughly $511K of EBITDA. It has about 15 employees. Its estimated business value is $1.5M (likely range $806K–$2.1M).
Common questions
- Who owns Melton's Air Conditioning & Appliance Service, Inc.?
- Melton's Air Conditioning & Appliance Service, Inc. is owned by Roger & Randy Melton (Co-Owners), according to public sources such as the company's website or filings.
- How much revenue does Melton's Air Conditioning & Appliance Service, Inc. make?
- SeeBITDA estimates Melton's Air Conditioning & Appliance Service, Inc.'s annual revenue at about $4.8M (likely between $3.2M and $5.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Melton's Air Conditioning & Appliance Service, Inc. worth?
- About $1.5M, roughly 3× its estimated EBITDA of $511K, typical for a plumbing, heating & air company its size. Likely range: $806K–$2.1M.
- How many employees does Melton's Air Conditioning & Appliance Service, Inc. have?
- About 15, from its 2024 retirement-plan filing.
- When was Melton's Air Conditioning & Appliance Service, Inc. founded?
- Melton's Air Conditioning & Appliance Service, Inc. has been in business since 1951.