Ts Heat & Air Inc
How we got $3.8M
Based on its 43 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 43 years (since 1983)
- Founder still runs it after 43 years
From public records and the company's website, not a statement that it's for sale.
What they do
TS Heat & Air is a family-owned and family-operated heating and air conditioning company serving Bethany, OK and the OKC Metro area with residential HVAC installation, repair, and maintenance, including 24/7 emergency service.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- Lennox · brand it sells or installs
- American Standard · 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TS HEAT & AIR INC this business | $11.3M | — |
| SIX BUSINESS SERVICES Bethany · 4 employees | $1.1M | 0.1 mi |
| RUCKER ELECTRIC INC Oklahoma City · 4 employees | $1.4M | 0.7 mi |
| RUCKER MECHANICAL INC Oklahoma City · 15 employees | $5.7M | 0.7 mi |
| STERLING ELECTRIC, INC. Bethany · 5 employees | $1.3M | 0.8 mi |
| BASSETT ELECTRIC, LLC Bethany · 7 employees | $1.8M | 1.0 mi |
| BB CONCEPTS, INC Bethany · 1 employees | $272K | 1.3 mi |
The full calculation
| Employees reported to the SBA | 43 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.6M |
| Estimate: the two combined (geometric mean) | $11.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| 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 | $3.8M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.0M – $5.2M |
| Revenue range | $7.4M – $12.9M |
| EBITDA range | $692K – $1.2M |
| 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
“Terry Shinn started TS Heat & Air in 1983 in his garage with a pickup truck and a belief he could do things better.”
Advisors
- BankingFirst Bethany Bank & TrustPPP / 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 Bethany Bank & Trust PPP 2020 | All 186 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 | $256K | 43 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ts Heat & Air Inc
Ts Heat & Air Inc is a family-owned plumbing, heating & air company in Bethany, Oklahoma, in business since 1983. It is owned by Terry Shinn (Founder). Its estimated annual revenue is about $11.3M, with roughly $1.1M of EBITDA. It has about 43 employees. Its estimated business value is $3.8M (likely range $2.0M–$5.2M).
Common questions
- Who owns Ts Heat & Air Inc?
- Ts Heat & Air Inc is owned by Terry Shinn (Founder), according to public sources such as the company's website or filings.
- How much revenue does Ts Heat & Air Inc make?
- SeeBITDA estimates Ts Heat & Air Inc's annual revenue at about $11.3M (likely between $7.4M and $12.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ts Heat & Air Inc worth?
- About $3.8M, roughly 3.6× its estimated EBITDA of $1.1M, typical for a plumbing, heating & air company its size. Likely range: $2.0M–$5.2M.
- How many employees does Ts Heat & Air Inc have?
- About 43, as reported on its PPP loan.
- When was Ts Heat & Air Inc founded?
- Ts Heat & Air Inc has been in business since 1983.
- Is Ts Heat & Air Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 43 years (since 1983); founder still runs it after 43 years.