Fast-growing company Kele Inc. capped off 2020 with another expansion, this time into the Midwest. That deal now gives the Bartlett-based firm a physical presence in major markets like Chicago and Milwaukee.
Kele, which manufactures and distributes peripheral control products used in building automation systems, announced Friday, Jan. 8, that it acquired Lesman Instrument Co. Headquartered in Bensenville, Illinois. Lesman is an authorized distributor and manufacturers’ representative for process measurement and control instrumentation. It also operates a location in Butler, Wisconsin.
The deal took effect Dec. 24, 2020. Bryan Cave Leighton Paisner LLP served as Kele’s legal counsel. Livingstone Partners LLC was the financial advisor for Lesman, and Levenfeld Pearlstein LLC was the company’s legal counsel.
Mike DeLacluyse, president of Lesman, along with the other members of the company’s leadership team will continue in their same positions. In total, Lesman has approximately 50 employees.
“For the past three years, Kele has focused on getting products closer to our commercial customers through acquisitions,” Richard Campbell, president and CEO of Kele, said in the release. “Successful integrations with CCI, MIControls, and TCS have paved the way in their respective regions. While our focus with Lesman is growing our capabilities and customer base, we will also be able to serve our commercial customers in the Midwest even better.”