Turbine Aircraft Services LLC
- Bryson PogsonOwner and Director of Business Development · Company website
- Michael HarbisonOwner and Quality Assurance Manager · Company website
- Ryan MorphewOwner and Maintenance Manager · Company website
- Curtis MorphewDirector of Maintenance · Company website
- Sarah BrownParts Sales Manager · Company website
How we got $1.6M
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 25 years (since 2001)
- Founder still runs it after 25 years
- Family in the business (Michael Harbison, Owner and Quality Assurance Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Turbine Aircraft Services is a family owned and operated company in Bethany, OK, offering aircraft maintenance, avionics, specialized services, parts sales, aircraft sales, and aircraft management for aircraft owners.
From the company's website. Industry: Other Support Activities for Air Transportation.
Estimated value over time
▲ 2% 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
▲ 9% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 11 | $2.7M |
| 2022 | Form 5500 | 12 | $3.0M |
| 2023 | Form 5500 | 11 | $2.7M |
| 2024 | Form 5500 | 11 | $2.7M |
| 2025 | Form 5500 | 12 | $3.0M |
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 |
|---|---|---|
| TURBINE AIRCRAFT SERVICES LLC this business | $4.2M | — |
| JET STREAM DETAILING LLC Bethany · 2 employees | $653K | 0.3 mi |
| ASSOCIATED AERO SERVICE, INC. Bethany · 9 employees | $3.5M | 0.5 mi |
| CAPITAL AVIATION, INC Bethany · 50 employees | $21.8M | 0.5 mi |
| STARLINE INC. Bethany · 9 employees | $3.7M | 0.6 mi |
| AIRWAY CUSTOM PAINTING, INC. Bethany · 1 employees | $555K | 1.5 mi |
| AERO-SPACE REPORTS, INC. Oklahoma City, Ok · 20 employees | $8.9M | 3.4 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.0M |
| Estimate: the two combined (geometric mean) | $4.2M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $499K |
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 | $1.6M |
| Multiple for this size and industry | 3.2× |
| Value range | $840K – $2.2M |
| Revenue range | $2.8M – $4.8M |
| EBITDA range | $328K – $569K |
| Industry (NAICS) | Other Support Activities for Air Transportation (488190) |
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
“Turbine Aircraft Services was established at Wiley Post Airport in January of 2001 by Mr. Mike Harbison and Mr. Curtis Morphew for the maintenance and repair of a broad range of jet and propeller driven aircraft.”
Advisors
- BankingSovereign 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
| Sovereign Bank PPP 2020 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $151K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Turbine Aircraft Services LLC
Turbine Aircraft Services LLC is a family-owned other support activities for air transportation company in Bethany, Oklahoma, in business since 2001. It is owned by Mike Harbison. Its estimated annual revenue is about $4.2M, with roughly $499K of EBITDA. It has about 12 employees. Its estimated business value is $1.6M (likely range $840K–$2.2M).
Common questions
- Who owns Turbine Aircraft Services LLC?
- Turbine Aircraft Services LLC is owned by Mike Harbison, according to public sources such as the company's website or filings.
- How much revenue does Turbine Aircraft Services LLC make?
- SeeBITDA estimates Turbine Aircraft Services LLC's annual revenue at about $4.2M (likely between $2.8M and $4.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Turbine Aircraft Services LLC worth?
- About $1.6M, roughly 3.2× its estimated EBITDA of $499K, typical for a other support activities for air transportation company its size. Likely range: $840K–$2.2M.
- How many employees does Turbine Aircraft Services LLC have?
- About 12, from its 2025 retirement-plan filing.
- When was Turbine Aircraft Services LLC founded?
- Turbine Aircraft Services LLC has been in business since 2001.