A Stephens Group portfolio company has acquired Bensenville, Ill.-based Lesman Instrument Company.
Kele, a Memphis, Tenn.-based distributor of building automation peripherals and controls solutions, acquired Lesman. The terms of these transaction were undisclosed.
As part of the acquisition, Lesman president Mike DeLacluyse, the company’s current management team and employees with remain with the company. In addition, Lesman’s current operations will not be altered.
Lesman, founded in 1962, is a specialty distributor of industrial products designed to “measure analyze, control and automate a wide range of industrial processes.” These products include temperature, pressure, level and flow instruments.
“Mike built a fantastic business, and we are thrilled to partner with him and the entire team at Lesman,” Kele CEO Richard Campbell said in a statement. “We look forward to working with Lesman to expand Kele’s capabilities in the process automation market.”
According to a company news release, Kele provides more than 125,000 SKUs in 24 product categories to its clients. These products range from sensors to transmitters to switches to relays and more.
“Lesman is an excellent business and a great fit with Kele. We are excited to support the Kele team as they build the leading distributor of process and automation solutions,” Stephens Group managing director Grant Jones said.