Meritt Aviation, Inc
How we got $4.7M
Based on its 11 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 20 years (since 2006)
- Founder still runs it after 20 years
- Family in the business (Charity Heim, Co-Owner)
From public records and the company's website, not a statement that it's for sale.
What they do
Meritt Aviation overhauls and repairs corporate jet parts, tearing down airplanes to build an inventory of overhauled parts and offering AOG solutions for owners, operators and fleets.
From the company's website. Industry: Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers.
Estimated value over time
▲ 21% 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
▲ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 11 | $13.0M |
| 2020 | Form 5500 | 12 | $14.1M |
| 2021 | Form 5500 | 12 | $14.1M |
| 2022 | Form 5500 | 12 | $14.1M |
| 2023 | Form 5500 | 10 | $11.8M |
| 2024 | Form 5500 | 11 | $13.0M |
| 2025 | Form 5500 | 13 | $15.3M |
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 |
|---|---|---|
| MERITT AVIATION, INC this business | $16.0M | — |
| PRIESSCO LLC Oklahoma City · 4 employees | $4.4M | 4.1 mi |
| T & E FLOW SERVICES LLC Oklahoma City · 8 employees | $8.6M | 4.6 mi |
| PLATINUM SALES INC. Piedmont · 1 employees | $847K | 4.8 mi |
| AIRCENTRE LLC Bethany · 2 employees | $2.8M | 6.8 mi |
| ZAHCARA BRYANT Oklahoma City · 1 employees | $1.5M | 6.9 mi |
| WELLCADDIE LLC Edmond · 11 employees | $10.9M | 6.9 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.5M |
| Estimate: the two combined (geometric mean) | $16.0M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.7M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.5M – $6.4M |
| Revenue range | $10.5M – $18.2M |
| EBITDA range | $720K – $1.2M |
| Industry (NAICS) | Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers (423860) |
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
“In the early 2000s, he transitioned into sales, and by December, founded Meritt Aviation, Inc.”
Leadership
- CHCharity HeimCo-Owner · Company website · source
- WRWinn RoachSales · Company website · source
- JMJim MiddletonSales · Company website · source
- BSBryan SpencerSales · Company website · source
- JKJacob kyleParts & Program Specialist · Company website · source
- THtim heimRepair & Logistics Coordinator · Company website · source
- KDKarla DavisOperations & Strategy Manager · Company website · source
- THTerry HeimCFO · Company website · source
- DNDiane NickoloffAccounting/Administration · Company website · source
- KGkarley glosserAccounting · Company website · source
- JHJanis HeimAdministration · Company website · source
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 |
|---|---|---|---|
| 4/30/2020 | first | $192K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Meritt Aviation, Inc
Meritt Aviation, Inc is a transportation equipment and supplies (except motor vehicle) merchant wholesalers company in Yukon, Oklahoma, in business since 2006. It is owned by Tommy Heim (CEO). Its estimated annual revenue is about $16.0M, with roughly $1.1M of EBITDA. It has about 13 employees. Its estimated business value is $4.7M (likely range $2.5M–$6.4M).
Common questions
- Who owns Meritt Aviation, Inc?
- Meritt Aviation, Inc is owned by Tommy Heim (CEO), according to public sources such as the company's website or filings.
- How much revenue does Meritt Aviation, Inc make?
- SeeBITDA estimates Meritt Aviation, Inc's annual revenue at about $16.0M (likely between $10.5M and $18.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Meritt Aviation, Inc worth?
- About $4.7M, roughly 4.3× its estimated EBITDA of $1.1M, typical for a transportation equipment and supplies (except motor vehicle) merchant wholesalers company its size. Likely range: $2.5M–$6.4M.
- How many employees does Meritt Aviation, Inc have?
- About 13, from its 2025 retirement-plan filing.
- When was Meritt Aviation, Inc founded?
- Meritt Aviation, Inc has been in business since 2006.