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Sand Resources Announcement

Meta Corporate Finance announces today the sale of Sand Resources Limited (Sand) to InterQuest Group Plc (InterQuest).

Sand is a specialist provider of IT recruitment services to the public sector and in February was one of only thirteen companies awarded Catalist accreditation by the Office of Government Commerce (OGC) to supply IT contractors to public sector organisations.

Mark Ledger-Beadell, who acted for Sand’s shareholders said, “This was an interesting transaction that afforded the founding shareholder an exit whilst incentivising David Seear, the MD, to take the business forward.”

David Seear said, “Meta did a great job to meet the differing objectives of the shareholders and option holders and I think we found the right kind of partner to help take the business forward.”

Gary Ashworth, chairman of InterQuest, said, “We are pleased to welcome this high quality, well run, niche business to the InterQuest Group. We believe that the inclusion of Sand Resources in our Group broadens our presence in the central government IT staffing arena and provides a strong platform for growth.”

Client:

Sand Resources

Service:
  • Sell Side
Region:​

UK

Sector:
  • Professional and Financial Services
Professional & Financial Services

META Project Lead

Mark Ledger-Beadell

Mark Ledger-Beadell

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Murston Plant
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