Ward's Air Conditioning, Inc.
- Gregory WardGeneral Manager · Company website
- Bill PruettSheet Metal Supervisor · Company website
- Wayne RoathJob Lead — Journeyman · Company website
- Curtis PruettJob Lead — Journeyman · Company website
- Karen GrahamOffice Manager · Company website
How we got $2.0M
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 Unlikely to sell soon
- In business 39 years (since 1987)
- Family in the business (Gregory Ward, General Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Ward's Air Conditioning provides heating and air conditioning services to people and businesses in Ponca City, OK and surrounding communities. It is a family-owned, full-service HVAC business since 1987.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- Bryant · 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 |
|---|---|---|
| WARD'S AIR CONDITIONING, INC. this business | $6.4M | — |
| BARTLETT'S OVERHEAD DOOR Ponca City · 1 employees | $594K | 0.1 mi |
| JM HUTCHISON HEAT AND AIR LLC Ponca City · 1 employees | $397K | 0.2 mi |
| Josh Short Plumbing & Remodeling Ponca-City | $1.8M | 0.2 mi |
| STOLHAND WELLS PLUMBING, HEATING AND AIR CONDITIONING INC Ponca City · 43 employees | $14.0M | 0.2 mi |
| Welborn Electric Inc Ponca City | $1.8M | 0.3 mi |
| A-1 HEATING AND AIR, INC. Ponca City · 4 employees | $1.2M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.1M |
| Estimate: the two combined (geometric mean) | $6.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $683K |
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 | $2.0M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.8M |
| Revenue range | $4.2M – $7.3M |
| EBITDA range | $449K – $778K |
| 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
History & advisors
“Serving residential and commercial markets in Ponca City, OK, and beyond for three decades and counting, we have a tradition of delivering high-quality services and products.”
Advisors
- BankingEquity 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
| Equity Bank PPP 2020 | All 375 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 | $171K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ward's Air Conditioning, Inc.
Ward's Air Conditioning, Inc. is a family-owned plumbing, heating & air company in Ponca City, Oklahoma, in business since 1987. It is owned by Michael Ward. Its estimated annual revenue is about $6.4M, with roughly $683K of EBITDA. It has about 21 employees. Its estimated business value is $2.0M (likely range $1.1M–$2.8M).
Common questions
- Who owns Ward's Air Conditioning, Inc.?
- Ward's Air Conditioning, Inc. is owned by Michael Ward, according to public sources such as the company's website or filings.
- How much revenue does Ward's Air Conditioning, Inc. make?
- SeeBITDA estimates Ward's Air Conditioning, Inc.'s annual revenue at about $6.4M (likely between $4.2M and $7.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ward's Air Conditioning, Inc. worth?
- About $2.0M, roughly 3× its estimated EBITDA of $683K, typical for a plumbing, heating & air company its size. Likely range: $1.1M–$2.8M.
- How many employees does Ward's Air Conditioning, Inc. have?
- About 21, as reported on its PPP loan.
- When was Ward's Air Conditioning, Inc. founded?
- Ward's Air Conditioning, Inc. has been in business since 1987.