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
Explore More
Related Acquisitions
-
CID Capital Recapitalizes LumiSource with Northstar Capital Financing
January 21, 2022
Consumer Products
Indianapolis-based private equity firm CID Capital has partnered with LumiSource, a designer and supplier of home décor and furnishings based in Elk Grove Village, Illinois, in a recapitalization. Stifel Bank provided senior financing while Northstar Capital provided subordinated debt and an equity co-investment to support the transaction; terms were not disclosed.
-
LP First Capital Acquires REI Utility Services
September 25, 2024
Utilities
LP First Capital has acquired REI Utility Services, a Texas-based provider of joint-use management and field engineering services for electric cooperatives. The transaction was supported by unitranche debt and an equity co-investment from Graycliff Partners and Brookside Capital Partners; REI's management team will remain in place as the firm pursues geographic and service expansion.
-
Northleaf Capital Partners Acquires Majority Stake in Provident Energy Management
August 2, 2023
Energy
Funds managed by Northleaf Capital Partners have acquired a majority stake in Provident Energy Management Inc., a Canadian provider of sub-metering, building automation and energy consulting services focused on the multi-residential new construction market. Provident's management will retain a minority interest; the partnership is intended to accelerate growth and expand Provident's services across additional markets in Canada and the United States.
-
Percheron Capital Launches Solidaire Platform with Foundational Acquisition of Enervise
September 16, 2025
HVAC & Mechanical
Percheron Capital has launched Solidaire HVAC & Energy Solutions, a national commercial HVAC and energy services platform, through the foundational acquisition of Enervise, a Cincinnati-based commercial HVAC services company. The platform, led by Katrina Liddell and backed by Percheron, will invest in people, technology and infrastructure to accelerate growth and expand Solidaire's national footprint.
-
Lead Capital Partners and Petra Capital Partners Invest in Lieberman
January 30, 2025
Marketing & Advertising
Lead Capital Partners and Petra Capital Partners made a strategic platform investment in Lieberman, Inc., a custom primary market research and analytics firm. The investment will support Lieberman's growth and capability expansion while the company remains led by its existing management team.
-
Fusion Capital Partners Acquires Relevant Industrial from LKCM Headwater
May 19, 2025
Industrial Services
Fusion Capital Partners has acquired a majority stake in Relevant Industrial, LLC from LKCM Headwater Investments; LKCM has reinvested and will remain a minority partner. Monroe Capital arranged financing (and acted as an equity co-investor) to support the transaction. Relevant will continue to operate from its Houston, Texas headquarters and remain led by its existing management team.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.