Warrington-based marketing specialist QBase has undergone a management buyout.
The data service company was advised by accountants and business advisers, Garbutt + Elliott.
Garbutt+ Elliott corporate finance partner Tariq Javaid and his team advised founders Ian and Anita Jonhstone on the sale of a 77.8% majority ownership of the company to a four-strong management team comprising chief executive Rob Jones, operations director Tracey Barker, technical solutions director Nick Kelly and consulting director Paresh Patel.
Ian and Anita Johnstone, who keep a minority share holding, will retain seats on the board and advise the new owners, who aim to grow the business by 20% annually with a £10m target turnover by 2025, partly by broadening its product and sector reach.
The deal includes acquisition of clients, staff, and assets at Qbase, which will retain its Warrington head office.