Heat Source
How we got $426K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
What they do
HeatSource is a Tulsa-area industrial supplier of stock OEM and custom MRO replacement parts, including heaters, power controls, temperature controllers, sensors and related thermal components. It says it serves manufacturers and OEMs across a wide range of industries.
From the company's website. Industry: Administrative and support and waste management and remediation services.
Customers & suppliers
Customers
- INDECO TX · named on its website
- Eagle Industrial Systems · named on its website
- ProTech Metals · named on its website
Suppliers & brands
- Stoner · brand it sells or installs
- Electroweld · brand it sells or installs
- Raytek · brand it sells or installs
- Accutherm · brand it sells or installs
- American Electronic Components · brand it sells or installs
- AMETEK HDR Power Systems · brand it sells or installs
- Athena · brand it sells or installs
- Benchmark Thermal · brand it sells or installs
- Cal · brand it sells or installs
- Celesco · brand it sells or installs
- Chromalox · brand it sells or installs
- Conax Technologies · brand it sells or installs
- Control Concepts, Inc · brand it sells or installs
- Convectronics · brand it sells or installs
- Dalton Electric Heating Co · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Laredo Petroleum · Tulsa, 6 mi · $1.95B
- Aaon, Inc. · Tulsa, 6 mi · $1.44B
- JCL SAFETY SERVICES, LLC · Tulsa, 5 mi · $1.02B
- XCALIBER INTERNATIONAL, LTD · Pryor, 40 mi · $615.5M
- KELVION INC. · Catoosa, 13 mi · $614.3M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Heat Source this business | $1.3M | — |
| WAN SECURITY LLC Tulsa · 140 employees | $8.4M | 0.0 mi |
| Owl Nite Security Tulsa | $1.6M | 0.0 mi |
| ProRecruiters Tulsa | $1.1M | 0.1 mi |
| ACCOUNTING AND EXECUTIVE SEARCH LLC Tulsa · 1 employees | $442K | 0.1 mi |
| Planning Design Group Tulsa | $958K | 0.1 mi |
| Farmers National Company Tulsa | $1.3M | 0.2 mi |
The full calculation
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 | $426K |
| Multiple for this size and industry | 2.5× |
| Value range | $106K – $763K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Administrative and support and waste management and remediation services businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (14%). Treat these as a rough guide.
| Revenue range | $391K – $1.9M |
| EBITDA range | $53K – $254K |
| Industry (NAICS) | Administrative and support and waste management and remediation services (56) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Heat Source
Heat Source is an administrative and support and waste management and remediation services company in Tulsa, Oklahoma, in business since 1999. Its estimated annual revenue is about $1.3M, with roughly $171K of EBITDA. Its estimated business value is $426K (likely range $106K–$763K).
Common questions
- Who owns Heat Source?
- The owner of Heat Source 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 Heat Source make?
- SeeBITDA estimates Heat Source's annual revenue at about $1.3M (likely between $391K and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Heat Source worth?
- About $426K, roughly 2.5× its estimated EBITDA of $171K, typical for a administrative and support and waste management and remediation services company its size. Likely range: $106K–$763K.
- When was Heat Source founded?
- Heat Source has been in business since 1999.