Lettermen's Energy, Inc., a propane distribution provider, has been acquired by Revelar Capital, reflecting strategic consolidation trends in the industry.

Information on Lettermen's Energy, Inc.

Lettermen’s Energy, Inc. is a prominent provider of route-based propane distribution services catering to residential, commercial, and industrial clients across 20 states in the United States. Established in 2021, the company has rapidly positioned itself as a key player in a fragmented industry, successfully completing 18 acquisitions since its inception. Headquartered in Overland Park, Kansas, Lettermen's is governed by an experienced management team, each member boasting over 20 years of industry experience.

Industry Overview in the United States

The propane distribution industry in the United States has seen significant growth over the years, driven by the increasing demand for clean and efficient energy sources. With rising environmental concerns, many consumers and businesses are shifting towards propane as a less carbon-intensive alternative to other fossil fuels. This transition is particularly evident in rural areas where propane serves as a vital energy source for heating, cooking, and other applications.

Moreover, the industry is characterized by a high degree of fragmentation, with numerous small and medium-sized companies competing for market share. This environment pres