Keelys law firm in Lichfield has successfully completed a management buyout for Tamworth-based engineers Aspire Consulting (Holdings).

Hitesh Punjani, a corporate partner at Keelys acted for the MBO team which included managing directorPeter Stuttard, operations director Steve Sims and Terence Leaphard, Aspire’s personnel and quality manager. The trio purchased the company from vendors Colin Francis Butt and Brian Lamb for an undisclosed amount.

Mr Punjani said: “We were delighted to act for the management buyout team in the purchase of shares of a business providing valuable consulting services to the defence industry and other sectors. We are confident that the management team will continue to thrive in the market sector and wish them every success in the future.”

Formed in 1996, Aspire is a privately-owned company, providing supportability engineering and training services. The company is based at Amber Business Village in Amington, Tamworth and offers a consultancy service to the defence industry, including the Ministry of Defence. Aspire now employs 15 people and has a turnover of more than £1 million.

One recent contract involved Aspire carrying out courses for a major player in the armoured vehicle sector. The courses delivered covered logistic support analysis and availability, reliability and maintainability (AR&M) training courses on the company’s premises in Ankara, Turkey..

The customer is a leading manufacturer and supplier of both tracked and wheeled armoured combat vehicles and weapon systems for the Turkish armed forces and Allied Armed Forces.