United Mechanical, Inc.
How we got $30.5M
Based on its 144 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 51 years (since 1975)
From public records and the company's website, not a statement that it's for sale.
What they do
United Mechanical, Inc. is a commercial mechanical contractor offering HVAC and plumbing construction and service for commercial and institutional clients, with offices in Oklahoma City and Tulsa.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Customers
- L5 Construction · named on its website
- J L Walker Construction Co · named on its website
- Hobby Lobby Stores, Inc · named on its website
- THE KORTE COMPANY · named on its website
- William White and Associates, LLC · named on its website
- Vincit Constructors · named on its website
- Timberlake Construction Co., Inc · named on its website
- Oklahoma Heart Hospital · named on its website
- Lippert Bros., Inc · named on its website
- CMSWillowbrook · named on its website
- McCarthy Building Companies, Inc · named on its website
- Manhattan Construction Company · named on its website
- WALSH GROUP, INC · named on its website
Suppliers & brands
- Vicon · brand it sells or installs
- ESAB · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MidFirst Bank · Oklahoma City, 2 mi · $2.25B
- BancFirst · Oklahoma City, 3 mi · $785.7M
- InterBank · Oklahoma City, 3 mi · $369.1M
- Stride Bank, N.a. · Enid, 65 mi · $224.7M
- First Fidelity Bank · Oklahoma City, 2 mi · $161.7M
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.
Employees over time
▼ 47% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 144 | $29.4M |
| 2020 | Form 5500 | 54 | $11.0M |
| 2021 | Form 5500 | 45 | $9.2M |
| 2022 | Form 5500 | 52 | $10.6M |
| 2023 | Form 5500 | 59 | $12.1M |
| 2024 | Form 5500 | 70 | $14.3M |
| 2025 | Form 5500 | 76 | $15.5M |
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 |
|---|---|---|
| UNITED MECHANICAL, INC. this business | $77.1M | — |
| S.E. HARDESTY COMPANY Oklahoma City · 26 employees | $9.1M | 0.1 mi |
| Temperature Control Systems Oklahoma City | $3.7M | 0.1 mi |
| HARRISON-ORR AIR CONDITIONING, LLC Oklahoma City · 155 employees | $77.1M | 0.2 mi |
| Shawver & Son, Inc. Electrical Contracting Engineers Oklahoma City | $1.8M | 0.4 mi |
| EMCS, INC. Oklahoma City · 12 employees | $3.4M | 0.5 mi |
| Tradepros Heat & Air Oklahoma City | $1.8M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 144 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $48.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $94.4M |
| Estimate: the two combined (geometric mean) | $77.1M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $5.9M |
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 | $30.5M |
| Multiple for this size and industry | 5.2× |
| Value range | $16.0M – $41.7M |
| Revenue range | $50.7M – $87.9M |
| EBITDA range | $3.9M – $6.7M |
| 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
“Companies large and small have been relying on United Mechanical Service since 1975 to provide a full range of HVAC mechanical services to the commercial and industrial sector.”
Advisors
- BankingFirst National Bank of OklahomaPPP / 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 National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $3.2M | 144 |
| 4/15/2020 | first | $618K | 40 |
| 2/9/2021 | second | $2.0M | 131 |
| 3/26/2021 | second | $618K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About United Mechanical, Inc.
United Mechanical, Inc. is a plumbing, heating & air company in Oklahoma City, Oklahoma, in business since 1975. It is owned by Chas Gilmore (President). Its estimated annual revenue is about $77.1M, with roughly $5.9M of EBITDA. It has about 76 employees. Its estimated business value is $30.5M (likely range $16.0M–$41.7M).
Common questions
- Who owns United Mechanical, Inc.?
- United Mechanical, Inc. is owned by Chas Gilmore (President), according to public sources such as the company's website or filings.
- How much revenue does United Mechanical, Inc. make?
- SeeBITDA estimates United Mechanical, Inc.'s annual revenue at about $77.1M (likely between $50.7M and $87.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is United Mechanical, Inc. worth?
- About $30.5M, roughly 5.2× its estimated EBITDA of $5.9M, typical for a plumbing, heating & air company its size. Likely range: $16.0M–$41.7M.
- How many employees does United Mechanical, Inc. have?
- About 76, from its 2025 retirement-plan filing.
- When was United Mechanical, Inc. founded?
- United Mechanical, Inc. has been in business since 1975.