Deal Details

Lettermen's Is Acquired by Revelar

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Summary

About

Lettermen’s Energy is a leading provider of route-based propane distribution to residential, commercial and industrial customers across 20 states in the U.S. The Company is one of the leading consolidators in a highly fragmented industry, having completed 18 acquisitions since its founding in 2021. Lettermen’s is led by a veteran management team, each with 20+ years in the industry. Lettermen’s is headquartered in Overland Park, Kansas.

CID is a private equity firm with decades of experience partnering with high-quality, lower-middle market companies. CID makes control investments in companies with a proven track record of success and works alongside management teams to provide strategic guidance, resources and capital for the next phase of growth. CID combines a focus on founder- and family-owned companies with a collaborative approach to help its portfolio companies unlock potential and build long-term value. CID is headquartered in Indianapolis, Indiana.

Revelar (f.k.a Wellspring Capital Management) is a leading private equity firm that has raised over $6.0B of initial capital commitments through ten private equity funds. Revelar’s objective is to bring partnership, expertise and value creation to each investment. By teaming up with strong management teams, Revelar seeks to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. Revelar was founded in 1995 and has invested in over 50 platform investments across various segments of the United States and global economies. Revelar is headquartered in New York, New York.

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