Waggoners' Heat & Air
How we got $9.3M
Based on its 75 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 80 years (since 1946)
From public records and the company's website, not a statement that it's for sale.
What they do
Waggoners Home Services provides HVAC, plumbing, and electrical services for homes in Norman, OK and the surrounding area. The company says it has served the community since 1946.
From the company's website. Industry: Plumbing, heating & air.
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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 75 | $15.3M |
| 2020 | Form 5500 | 42 | $8.6M |
| 2021 | Form 5500 | 50 | $10.2M |
| 2022 | Form 5500 | 50 | $10.2M |
| 2023 | Form 5500 | 72 | $14.7M |
| 2024 | Form 5500 | 75 | $15.3M |
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 |
|---|---|---|
| WAGGONERS' HEAT & AIR this business | $24.4M | — |
| WAGGONER'S MECHANICAL SERVICES LLC Norman · 55 employees | $22.3M | 0.0 mi |
| WAGGONERS' MECHANICAL SERVICES Norman · 75 employees | $28.2M | 0.0 mi |
| Air Comfort Solutions Cooling, Heating, Plumbing & Electrical Norman Norman | $1.8M | 0.2 mi |
| A1 Heat & Air Norman | $1.8M | 0.3 mi |
| Brandon's Plumbing Norman | $1.8M | 0.4 mi |
| KDN PLUMBING HEAT AND AIR Oklahoma City · 1 employees | $336K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 75 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.4M |
| Estimate: the two combined (geometric mean) | $24.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $2.1M |
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 | $9.3M |
| Multiple for this size and industry | 4.4× |
| Value range | $4.9M – $12.7M |
| Revenue range | $16.0M – $27.8M |
| EBITDA range | $1.4M – $2.4M |
| 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
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 | 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 |
|---|---|---|---|
| 4/7/2020 | first | $685K | 75 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Waggoners' Heat & Air
Waggoners' Heat & Air is a plumbing, heating & air company in Norman, Oklahoma, in business since 1946. Its estimated annual revenue is about $24.4M, with roughly $2.1M of EBITDA. It has about 75 employees. Its estimated business value is $9.3M (likely range $4.9M–$12.7M).
Common questions
- Who owns Waggoners' Heat & Air?
- The owner of Waggoners' Heat & Air isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Waggoners' Heat & Air make?
- SeeBITDA estimates Waggoners' Heat & Air's annual revenue at about $24.4M (likely between $16.0M and $27.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Waggoners' Heat & Air worth?
- About $9.3M, roughly 4.4× its estimated EBITDA of $2.1M, typical for a plumbing, heating & air company its size. Likely range: $4.9M–$12.7M.
- How many employees does Waggoners' Heat & Air have?
- About 75, from its 2024 retirement-plan filing.
- When was Waggoners' Heat & Air founded?
- Waggoners' Heat & Air has been in business since 1946.