A CORPORATE finance team played a key role in a north-west firm's management buyout.

Staff at PM+M in Blackburn offered their expertise as a new future dawns for Wigan-based PE Systems.

Mike and June Smith first established PE Systems, which provides secure power solutions for major corporate clients, in 1987.

And the buyout team includes their daughter and managing director, finance director Anouska Gee, production director Julie Nuttall and sales director Mark Wilson.

Jim Akrill, PM+M corporate finance partner, said: "Often this is the best exit solution for businesses like PE Systems, where there is a solid management team taking over along with vendors who are willing to be part of the deal through an ongoing stake in the company for a few years."