A specialist electronics firm with a £12m turnover has been sold to a businessman from the region - with more than a little help from a team of Gloucestershire experts.

Active Electronics, which supplies components and assemblies to the aerospace and defence industries, was bought by Clive Scott, a South West-based businessman, for an undisclosed sum.

It was the corporate finance advisory team at Staverton-headquartered Hazlewoods which not only announced the sale of the plc but made the deal possible.

The team acted as sole and exclusive advisers on the sale, managing the transaction from inception to completion, finding the purchaser and coordinating the deal through due diligence.

Steve Roe, former chairman and shareholder of Active Electronics, said: "Hazlewoods assisted me with the disposal of my family business and I would heartily recommend them."

He added: "A particular mention must be given to Rich Grover, who assisted Paul Fussell with the transaction.

"He was always there to quickly resolve any issues or questions I had and was exemplary in the service he provided."

Paul Fussell, Hazlewoods corporate finance partner, said: "We are delighted to have advised Mr Roe, whose father founded the company some 44 years ago.

"We wish Mr Roe and his family every success for the future and are delighted the company has been acquired by Mr Scott, whose industry expertise will no doubt prove invaluable in driving business success for the future."

Mr Scott, said: "Active is a leading specialist in its field and is well known for its excellent quality and customer service, as evidenced by its SC21 Silver approval. I am looking forward to working with the experienced team as the company moves forward."

Established in 1974, Active Electronics has become a leading service provider of electronic components, combat identification products and defence equipment to a wide-ranging blue chip customer base.

The business, with headquarters in High Wycombe, has a procurement subsidiary in New York, USA and a sales office in Sydney, Australia. In 2017, the business achieved sales of £12 million.