Thermo King of Tulsa, LLC
How we got $5.9M
Based on its 21 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 49 years (since 1977)
From public records and the company's website, not a statement that it's for sale.
What they do
Heart of America Thermo King is a Thermo King dealer offering transport refrigeration units, APUs, genuine parts, service and rentals for trucks, trailers and vans across Missouri, Oklahoma and Arkansas. Its Tulsa location is one of four dealerships it operates.
From the company's website. Industry: Refrigeration Equipment and Supplies Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Thermo King · brand it sells or installs
- Red Dot Corporation · brand it sells or installs
- Espar Products · brand it sells or installs
Estimated value over time
▲ 48% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THERMO KING OF TULSA, LLC this business | $20.1M | — |
| L A KING, LLC Tulsa · 14 employees | $13.1M | 6.4 mi |
| BRANDON SINCO Sapulpa · 1 employees | $1.6M | 6.6 mi |
| JORDAN SUPPLY INC. Sapulpa · 3 employees | $1.9M | 6.7 mi |
| RULE FASTENERS INC Tulsa · 11 employees | $9.2M | 6.8 mi |
| W.M. HEITGRAS COMPANY Tulsa · 22 employees | $13.0M | 7.0 mi |
| APPLIED EQUIPMENT SALES Tulsa · 2 employees | $3.0M | 8.7 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.1M |
| Estimate: the two combined (geometric mean) | $20.1M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.4M |
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 | $5.9M |
| Multiple for this size and industry | 4.3× |
| Value range | $3.1M – $8.1M |
| Revenue range | $13.3M – $23.0M |
| EBITDA range | $908K – $1.6M |
| Industry (NAICS) | Refrigeration Equipment and Supplies Merchant Wholesalers (423740) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Thermo King in Tulsa, Oklahoma, and Springfield, Missouri, were originally established in 1977, and included more than 200 authorized sales, service, and parts dealers of the Thermo King Corporation, which is the inventor and world leader in transport temperature control.”
Advisors
- BankingGuaranty 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
| Guaranty Bank PPP 2020 | All 7 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $246K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Thermo King of Tulsa, LLC
Thermo King of Tulsa, LLC is a refrigeration equipment and supplies merchant wholesalers company in Tulsa, Oklahoma, in business since 1977. It is owned by John T. Cooper. Its estimated annual revenue is about $20.1M, with roughly $1.4M of EBITDA. It has about 21 employees. Its estimated business value is $5.9M (likely range $3.1M–$8.1M).
Common questions
- Who owns Thermo King of Tulsa, LLC?
- Thermo King of Tulsa, LLC is owned by John T. Cooper, according to public sources such as the company's website or filings.
- How much revenue does Thermo King of Tulsa, LLC make?
- SeeBITDA estimates Thermo King of Tulsa, LLC's annual revenue at about $20.1M (likely between $13.3M and $23.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Thermo King of Tulsa, LLC worth?
- About $5.9M, roughly 4.3× its estimated EBITDA of $1.4M, typical for a refrigeration equipment and supplies merchant wholesalers company its size. Likely range: $3.1M–$8.1M.
- How many employees does Thermo King of Tulsa, LLC have?
- About 21, as reported on its PPP loan.
- When was Thermo King of Tulsa, LLC founded?
- Thermo King of Tulsa, LLC has been in business since 1977.