Stephens-backed Kele to acquire Ponton Industries.

Stephens-backed Kele, a distributor of automation products, agreed to acquire Ponton Industries, an instrumentation sales and consulting firm. Financial terms were not disclosed. "We are thrilled to welcome Ponton to the Kele Companies. Marty Ponton, President of Ponton Industries, and the Ponton team bring a wealth of experience serving the industrial markets, OEMs, and municipalities across California, and we look forward to leveraging that experience across Kele," Danny Lyons , Kele President and CEO.