M&A Deal Summary

The Stephens Group Acquires Kele

On February 25, 2020, family office The Stephens Group acquired distribution company Kele from TruArc Partners

Acquisition Highlights
  • This is The Stephens Group’s 3rd transaction in the Distribution sector.
  • This is The Stephens Group’s 44th transaction in the United States.
  • This is The Stephens Group’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2020-02-25
Target Kele
Sector Distribution
Buyer(s) The Stephens Group
Sellers(s) TruArc Partners
Deal Type Secondary Buyout

Target

Kele

Bartlett, Tennessee, United States
website
Kele is a distributor of commercial HVAC and building automation interface products. Kele provides peripheral control products and services to the building automation systems industry. Kele's product offering includes over 15,000 interface products, including transmitters, sensors, switches, gauges and relays from over 200 manufacturers. Kele was founded in 1983 and is based in Bartlett, Tennessee.

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Buyer(S) 1

Buyer

The Stephens Group

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 1933
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Stephens Group is a private investment firm focused on long-term investments in mid-sized companies. The Firm looks to partner with management teams when pursuing acquisitions. Sectors of interest include energy, energy services, business services, industrials, consumer products, consumer services, financial services, healthcare, technology, media, and communications. The Stephens Group was originally established in 1933 and is headquartered in Little Rock, Arkansas.

DEAL STATS #
Overall 47 of 51
Sector (Distribution) 3 of 5
Type (Secondary Buyout) 9 of 10
State (Tennessee) 1 of 1
Country (United States) 44 of 48
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Catalyst Acoustics Group

Springfield, Massachusetts, United States

Catalyst Acoustics Group is the parent company of an elite group of acoustic, seismic, vibration, and noise control companies that together, offer the broadest portfolio of noise control solutions in the market today. The independent brands, channels to market, products, and services offered by each business remain unique, while leveraging the scale, deep functional expertise, broad channel reach, and significant financial resources. Catalyst Acoustics Group is based in Springfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 IMA Financial

Denver, Colorado, United States

IMA Financial is a diversified financial services company focused on protecting the assets of its widely varied client base through insurance and wealth management solutions. Because IMA is 100-percent employee-owned, its more than 600 associates in Colorado, Kansas, Michigan, New York and Texas are empowered to provide customized solutions for their clients’ unique needs. IMA Financial was founded in 1974 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York City.

DEAL STATS #
Overall 13 of 16
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 4 of 7
State (Tennessee) 2 of 2
Country (United States) 13 of 16
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Velocity

Westlake Village, California, United States

Velocity is a vertically integrated real estate finance specialist that provides innovative financing solutions for 1–4 unit residential rental and small commercial properties. The company operates in a large and highly fragmented market with substantial demand for financing, but one with limited options available to borrowers who do not qualify for more traditional financing programs. Velocity was founded in 2004 and is based in Westlake Village, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Prototek

Contoocook, New Hampshire, United States

Prototek is a provider of CNC machined and sheet metal fabricated parts and components for a variety of end markets, including aerospace, defense, medical, robotics, electronics, consumer, and general industrial. Prototek was founded in 1987 and is based in Contoocook, New Hampshire.

Buy -
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