Revelar Capital Acquires Lettermen's Energy from CID Capital

December 18, 2025

Revelar Capital has acquired Lettermen's Energy Holdings, LLC from Indianapolis-based private equity firm CID Capital. Lettermen's, a Kansas City-headquartered consolidator of independent propane distributors with operations in roughly 20 states and about 240 employees, was built by CID through a buy-and-build strategy and will enter its next growth phase under Revelar's ownership; terms were not disclosed.

Buyers
Revelar Capital
Targets
Lettermen's Energy Holdings, LLC
Sellers
CID Capital
Industry
Energy
Location
Missouri, United States
Transaction Type
Divestiture

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