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The duo that founded The iOutlet have sold the business to its management team.
Matt Green and Liam James, who founded James Green Ltd the company behind The iOutlet in 2012, will however remain involved with the company.
The tech refurbishment firm has sold close to £100million worth of products during this time, to both retail and wholesale customers.
And recently the online retailer relocated to a much bigger warehouse in Mid-October.
Green and James have sold the company to Lewis Cox, Ollie Green, Greg Jones and Russell Jones as part of a management buyout.
The acquisition was advised by the corporate finance team at PKF Francis Clark, who supported James Green’s shareholders in structuring the acquisition and securing a cash flow loan facility from Santander.