Birmingham-based corporate finance advisers Orbis Partners have advised the management of Microlise on the multi-million pound buy-out of the company.
Microlise, based in Eastwood, Nottingham, is one of the UK's leading providers of technology solutions for the transport and logistics industry.
The senior management team, led by managing director Nadeem Raza, has acquired the company for an undisclosed sum.
Steve Lamb, of Orbis, will join the management team as non-executive chairman.
Established in 1982, Microlise employs more than 170 and has a turnover forecast to grow more than 30 per cent this year to over £18 million.
Clients include DHL, Wincanton, Waitrose, Co-op, Kelloggs, LaFarge, Cemex, Allied Bakeries, Bunzl Catering, Woolworths and Jaguar Land Rover.
Microlise was a specialist developer of software and hardware for warehouse management. The company broadened its offering into transport and logistics. It has broken into Europe and Australia via local resellers, and in the US, where Microlise operates directly.
Focused on third-party logistics providers, retail distribution and the rapidly growing home delivery market, Microlise is also involved in petro-chemical distribution, cement, aggregates and bulk powder deliveries and temperature controlled distribution. The company is developing new solutions based on emerging radio frequency identification (RFID) technology.
Chris Gregory, partner at Orbis and lead adviser, said: "Microlise has established a strong brand and enviable business reputation, built from more than 20 years' successful trading in supply chain and logistics.
"The management team, with non-executive chairman Steve Lamb, has a wealth of experience in technology and is perfectly placed to continue growing the business and further developing products and services."
Mr Raza, Microlise managing director, said: "The executive team's long term objective is to make Microlise the number one global vendor in its sector. We have a great team."