MEMPHIS, Tenn. and SEATTLE \u2013<\/strong> Kele, Inc. today announced the acquisition of MIContols, Inc. The acquisition expands Kele\u2019s footprint and enhances its ability to serve customers in the Western United States. MIControls, which is co-located in Seattle and Portland, Ore., will increase its service offering through new products, customer programs, and technology capabilities.<\/p>\nKele President and CEO Richard Campbell says the move benefits both Kele and MIControls customers, and accomplishes another goal within Kele\u2019s strategic growth plan.<\/p>\n
\u201cThis strategic combination brings together two value-added distributors,\u201d says Campbell. \u201cIt highlights both Kele\u2019s and MIControls\u2019 commitments to providing industry leading products and solutions to our customers.\u201d<\/p>\n
MIControls distributes building automation controls, industrial process controls, and instrumentation. The company is Kele\u2019s second acquisition in the past nine months. Last October, Kele acquired Boston-based Control Cosultants, Inc. (CCI).<\/p>\n
\u201cWith the CCI acquisition, Kele has seen success getting products closer to our customers in the Northeast from our Boston location,\u201d says Campbell. \u201cWe look forward to accelerating our delivery and strengthening our ability to serve customers in the Western United States.\u201d<\/p>\n
The new entity will operate as separate brands. Campbell will serve as president and CEO of the combined company. Steve Roe will remain as president of MIControls and lead the Seattle location. Dave Innocenti will continue as vice president and lead the Portland office.<\/p>\n
\u201cMIControls is excited to join Kele,\u201d says Roe. \u201cOur customers will enjoy the same quality service they\u2019ve experienced for nearly 100 years in this region. Aligning with Kele will provide them access to thousands more products, along with enhanced tools to help them win jobs. This enables us to continue delivering on our mantra, \u2018We Sell Confidence.\u2019\u201d<\/p>\n
Kele\u2019s acquisition of MIControls was effective June 29, 2018. Blank Rome, LLP acted as legal counsel to Kele. Carney Badley Spellman, P.S. acted as legal counsel to MIControls, and Bernston Porter & Company, PLLC served as its financial advisor.<\/p>\n
About Kele, Inc. <\/strong><\/p>\nKele, Inc. is a leading distributor of building automation products and controls solutions globally. Kele serves the $50+ billion building automation systems (BAS) market with more than 400 brands and 1.8 million parts in stock, including sensors, transmitters, switches, gauges, valves, actuators, relays, and more. Kele\u2019s products can be integrated into existing buildings or new construction. Value-added services include custom panel assembly, specialized sourcing, and technical support. Strategically headquartered in America\u2019s logistics hub, Memphis, Tenn., and with a regional location in Boston, Kele provides building automation and industrial customers with fast and reliable services. Kele is owned by private equity firm Snow Phipps, LLC. To learn more about Kele, visit kele.com.<\/p>\n
About MIControls, Inc.<\/strong><\/p>\nMIControls, Inc. is\u00a0the premier wholesale distributor serving the Pacific Northwest\u00a0for building automation controls, industrial process controls, and instrumentation. MIControls traces its roots back to 1920 as the Therm Gas Generator Company of Seattle, which served the Washington State oil heat and the Alaska fishing fleet industries.\u00a0A series of mergers and acquisitions between Therm Gas, Mortemp Company, and Portland-based Industrial Controls Company, led to the creation of MIControls, Inc. in 2001. For more information, visit micontrols.com<\/p>\n
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