The Stephens Group Acquires Kele, Inc.
February 25, 2020
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.
- Buyers
- The Stephens Group, LLC
- Targets
- Kele, Inc.
- Sellers
- Snow Phipps Group, LLC
- Industry
- Industrial Services
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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