M&A Deal Summary

CID Capital Acquires Lettermen s Energy

On September 20, 2022, private equity firm CID Capital acquired distribution company Lettermen s Energy

Acquisition Highlights
  • This is CID Capital’s 5th transaction in the Distribution sector.
  • This is CID Capital’s 27th transaction in the United States.
  • This is CID Capital’s 3rd transaction in Kansas.

M&A Deal Summary

Date 2022-09-20
Target Lettermen s Energy
Sector Distribution
Buyer(s) CID Capital
Deal Type Consolidation

Target

Lettermen s Energy

Overland Park, Kansas, United States
Lettermen's Energy is a consolidator of independent propane retail distributors across the U.S. with a focus on operations in the Midwestern and Western portions of the country. Lettermen's Energy is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

CID Capital

Carmel, Indiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 28 of 32
Sector: Distribution M&A 5 of 6
Type: Consolidation M&A Deals 1 of 1
State: Kansas M&A 3 of 3
Country: United States M&A 27 of 31
Year: 2022 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Georgia Metals

Danielsville, Georgia, United States

Georgia Metals is a value-added distributor of metal roofing and other related metal building products and accessories. Georgia Metals is based in Danielsville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 ProSource

Greenville, South Carolina, United States

ProSource is a wholesale distributor of plumbing supplies luxury plumbing fixtures, electrical, lighting, cabinet, and door hardware. ProSource was founded in 1996 and is based in Greenville, South Carolina.

Sell -