Stephens Group LLC-backed Kele Inc. has acquired Illinois-based Lesman Instrument Company.

Lesman provides instruments in the industrials sector. “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.” says Stephens managing director Grant Jones.

Bryan Cave Leighton Paisner LLP is serving as legal counsel to Kele. Livingstone Partners LLC is serving as financial advisor and Levenfeld Pearlstein LLC is serving as legal counsel to Lesman.