Kele, Inc. Acquires Lesman Instrument Company

Kele, Inc. Acquires A-tech, Inc.

January 11, 2022

Industrial Services

Kele, Inc., a portfolio company of The Stephens Group, LLC, has acquired A-tech, Inc., a distributor of industrial automation and process instrumentation. The business will operate as an add-on to Lesman Instrument Company to expand Kele's product breadth and regional footprint across several central U.S. states.

Kele, Inc. Acquires Ponton Industries

May 13, 2025

Industrial Services

Kele, Inc., a portfolio company of The Stephens Group, has acquired Ponton Industries, an instrumentation sales and consulting firm headquartered in Yorba Linda, California. The add-on expands Kele's industrial automation and instrumentation footprint—particularly across the Western U.S.—and integrates Ponton's engineering consulting and technical support capabilities into the Kele Companies.

The Stephens Group Acquires Kele, Inc.

February 25, 2020

Industrial Services

The Stephens Group, LLC has acquired Kele, Inc., a Memphis-based distributor of building automation peripherals and controls. Snow Phipps Group completed the sale after owning Kele since 2015; terms were not disclosed. The Stephens Group positions Kele as a platform to capitalize on trends in building automation and pursue organic growth and acquisitions.

Kele, Inc. Acquires AC Controls and AC Technical Services (ACC)

March 6, 2024

Industrial Services

Kele, Inc., a portfolio company of The Stephens Group, acquired AC Controls and AC Technical Services ("ACC") to expand its industrial automation offerings and geographic footprint in the U.S. Southeast. The deal adds valve automation, systems integration, field technical services and distribution capabilities to Kele's industrial platform and will be integrated with The Kele Companies' existing businesses.

Kele, Inc. Acquires Control Consultants, Inc.

October 5, 2017

Building Products

Kele, Inc. acquired Control Consultants, Inc. (effective September 29, 2017), combining Kele's distribution scale with CCI's New England controls expertise while operating the brands separately. Richard Campbell (Kele) will serve as president and CEO of the combined company and John Donahue will continue as President of CCI; the deal expands Kele's product breadth and specialized services in building automation.

Bessemer Investors Acquires Leonard Valve Company

March 9, 2020

Manufacturing

Bessemer Investors LLC completed a majority acquisition of Leonard Valve Company, partnering with Leonard's management team who retain a minority stake. The investment provides liquidity to selling shareholders and capital to support Leonard's future growth initiatives; financial terms were not disclosed.