S.e. Hardesty Company
- Stephen Brett HardestySigns company filings · Form 5500 (2024)
How we got $2.6M
Based on its 26 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
▼ 15% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 26 | $5.3M |
| 2020 | Form 5500 | 24 | $4.9M |
| 2021 | Form 5500 | 26 | $5.3M |
| 2022 | Form 5500 | 25 | $5.1M |
| 2023 | Form 5500 | 23 | $4.7M |
| 2024 | Form 5500 | 22 | $4.5M |
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.
What we know
Signs of a sale Likely to sell
- In business 92 years (since 1934)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Hardesty Team offers commercial repairs, maintenance, and construction for facility needs in Oklahoma City, OK. It describes itself as a one-call resource for commercial HVAC-R, plumbing, and construction work.
From the company's website. Industry: Plumbing, heating & air.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| S.E. HARDESTY COMPANY this business | $9.1M | — |
| UNITED MECHANICAL, INC. Oklahoma City · 144 employees | $77.2M | 0.1 mi |
| HARRISON-ORR AIR CONDITIONING, LLC Oklahoma City · 155 employees | $77.1M | 0.1 mi |
| Temperature Control Systems Oklahoma City | $3.8M | 0.1 mi |
| Shawver & Son, Inc. Electrical Contracting Engineers Oklahoma City | $1.9M | 0.3 mi |
| State Distributors Oklahoma City | $1.9M | 0.5 mi |
| EMCS, INC. Oklahoma City · 12 employees | $3.4M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.2M |
| Estimate: the two combined (geometric mean) | $9.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $851K |
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 | $2.6M |
| Multiple for this size and industry | 3× |
| Value range | $1.3M – $3.5M |
| Revenue range | $6.0M – $10.4M |
| EBITDA range | $560K – $970K |
| 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
“Our amazing company, Hardesty Team, was created by E.E. Hardesty in 1934.”
Advisors
- BankingFrontier State 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
| Frontier State Bank PPP 2020, PPP 2021 | All 156 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 | $277K | 26 |
| 1/31/2021 | second | $280K | 26 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About S.e. Hardesty Company
S.e. Hardesty Company is a plumbing, heating & air company in Oklahoma City, Oklahoma, in business since 1934. It is owned by Steve Hardesty. Its estimated annual revenue is about $9.1M, with roughly $851K of EBITDA. It has about 22 employees. Its estimated business value is $2.6M (likely range $1.3M–$3.5M).
Common questions
- Who owns S.e. Hardesty Company?
- S.e. Hardesty Company is owned by Steve Hardesty, according to public sources such as the company's website or filings.
- How much revenue does S.e. Hardesty Company make?
- SeeBITDA estimates S.e. Hardesty Company's annual revenue at about $9.1M (likely between $6.0M and $10.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is S.e. Hardesty Company worth?
- About $2.6M, roughly 3× its estimated EBITDA of $851K, typical for a plumbing, heating & air company its size. Likely range: $1.3M–$3.5M.
- How many employees does S.e. Hardesty Company have?
- About 22, from its 2024 retirement-plan filing.
- When was S.e. Hardesty Company founded?
- S.e. Hardesty Company has been in business since 1934.
- Is S.e. Hardesty Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 92 years (since 1934); no family successor named on its website.