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Kele, Inc., Memphis, Tennessee, a portfolio company of Snow Phipps Group, LLC, has been acquired by The Stephens Group, LLC. Terms of the transaction were not disclosed.
Houlihan Lokey served as the exclusive financial advisor to Kele. This transaction highlights the firm's continued success advising market-leading specialty distributors of mission-critical parts.
Kele provides peripheral products and services to the building automation systems industry. The Stephens Group is a private investment firm that partners with talented management teams to help build valuable businesses.
The transaction closed on February 20, 2020.