Texoma Maintenance & Refrigeration, Inc.
How we got $656K
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Likely to sell
- In business 31 years (since 1995)
- Founder still runs it after 31 years
- 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
Texoma Maintenance & Refrigeration is a locally owned HVAC contractor in Durant, OK that repairs and installs heating and cooling systems and services commercial refrigeration systems for homeowners and businesses.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- American Standard · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TEXOMA MAINTENANCE & REFRIGERATION, INC. this business | $2.0M | — |
| FARRIS ELECTRIC, LLC Durant · 14 employees | $2.9M | 2.6 mi |
| Crazy Ac Guy Durant | $1.9M | 2.6 mi |
| WILKEY PLUMBING, LLC Durant · 20 employees | $5.0M | 2.9 mi |
| Hunter Super Techs: HVAC, Plumbing and Electrical Services in Durant OK Durant | $1.9M | 2.9 mi |
| CLAY LEWIS ELECTRIC INC. Durant · 8 employees | $1.4M | 4.4 mi |
| Mccoy Electrical Solutions Durant | $1.9M | 4.4 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $273K |
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 | $656K |
| Multiple for this size and industry | 2.4× |
| Value range | $345K – $898K |
| Revenue range | $1.3M – $2.2M |
| EBITDA range | $180K – $312K |
| 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
“What started in 1995 as one man's mission to offer dependable HVAC service at a fair price has grown into one of Durant's most trusted names in heating, cooling, and commercial refrigeration.”
Advisors
- BankingFirst United 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
| First United Bank and Trust Company PPP 2020, PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $50K | 8 |
| 2/5/2021 | second | $50K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Texoma Maintenance & Refrigeration, Inc.
Texoma Maintenance & Refrigeration, Inc. is a plumbing, heating & air company in Durant, Oklahoma, in business since 1995. It is owned by Teddy Clements. Its estimated annual revenue is about $2.0M, with roughly $273K of EBITDA. It has about 8 employees. Its estimated business value is $656K (likely range $345K–$898K).
Common questions
- Who owns Texoma Maintenance & Refrigeration, Inc.?
- Texoma Maintenance & Refrigeration, Inc. is owned by Teddy Clements, according to public sources such as the company's website or filings.
- How much revenue does Texoma Maintenance & Refrigeration, Inc. make?
- SeeBITDA estimates Texoma Maintenance & Refrigeration, Inc.'s annual revenue at about $2.0M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Texoma Maintenance & Refrigeration, Inc. worth?
- About $656K, roughly 2.4× its estimated EBITDA of $273K, typical for a plumbing, heating & air company its size. Likely range: $345K–$898K.
- How many employees does Texoma Maintenance & Refrigeration, Inc. have?
- About 8, as reported on its PPP loan.
- When was Texoma Maintenance & Refrigeration, Inc. founded?
- Texoma Maintenance & Refrigeration, Inc. has been in business since 1995.
- Is Texoma Maintenance & Refrigeration, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 31 years (since 1995); founder still runs it after 31 years; no family successor named on its website.