Overland Park Propane Distributor Acquired by New York Investment Firm

Posted December 18, 2025

An Overland Park-based propane distributor, Lettermen’s Energy Holdings, LLC, has been acquired by a private equity firm headquartered in New York.

Revelar Capital announced its acquisition of Lettermen’s Energy as part of its initiative to identify and capitalize on compelling opportunities across its target sectors, according to a Thursday release.

Financial terms of the transaction were not disclosed.

Founded in 2021, Lettermen has grown its footprint across 20 states. Since the company’s formation, Lettermen has acquired several local and regional brands to bolster its propane distribution network. Letterman’s is led by its co-founder and chief executive officer, Steve Wambold. The company services more than 50,000 customers nationwide through residential and commercial markets.

Shortly following Revelar’s acquisition of Letterman’s, the Overland Park company closed two additional acquisition deals, including Commerce City, Colorado-based Mile High Propane and Colville, Washington-based Aspen Valley Propane.

“We are thrilled to partner with the team at Revelar, who bring an invest-for-growth mentality and proven track record of scaling specialty distribution businesses into market leaders by helping teams unlock accelerated growth,” Wambold said in the release. “Together, we are better positioned than ever to continue to expand our platform and extend our delivery of excellent service to more customers across the country.”

Revelar invests exclusively across the healthcare services, business services, and specialty manufacturing sectors. The firm functions as a strategic partner, providing management teams with top‐line support, M&A experience and financial expertise. Lettermen’s is Revelar’s fifth platform investment over the past 18 months.