InterQuest Group acquires Rees Draper Wright
Technology specialist InterQuest Group plc has acquired boutique professional services firm Rees Draper Wright Ltd, as part of its international growth strategy.
Established in 2003, Rees Draper Wright focuses on placing senior talent into the consulting and advisory sectors. The company delivers its services globally, from offices in London and Manhattan, New York.
Working with Rees Draper Wright’s existing management team and co-founder Richard Draper, who are all being retained following the acquisition, InterQuest will help Rees Draper Wright establish a new interim division within the business.
The acquisition is expected to provide a more comprehensive range of services and opportunities for both companies’ existing client bases.
Gary Ashworth, executive chairman of InterQuest Group, said, “This acquisition will support our international growth strategy by maximising on Rees Draper Wright’s established presence in vibrant and technology-led markets on the East Coast of America. Our expertise in supporting professional industries with skilled, technology focused candidates will add value to the firm’s New York operation and the services it offers clients in the UK.”
London-based InterQuest Group (2015 turnover: £158.6m) places talent into the information security, analytics, digital, technology and telecoms sectors across a range of industries, including financial, retail, not-for-profit, public sector and professional services.
Richard Draper, managing director of Rees Draper Wright, said, “We are a long-established international professional services search firm, which has enjoyed substantial growth in recent years. As a result of the acquisition we can take the business forward expanding opportunities for our existing clients and opening up new markets for InterQuest Group plc.”
Advising on the transaction on behalf of InterQuest Group plc was Tom Ivings of Optima, with legal advice provided by Mackrell Turner Garrett. Rees Draper Wright’s advisors were Carl Swansbury, Alex Simpson and Charlie Burton from Newcastle-based Ryecroft Glenton Corporate Finance. Legal advice to Rees Draper Wright was provided by Andrew Hoad from ASB Law.
Carl Swansbury, partner at Ryecroft Glenton Corporate Finance, said, “Bringing together two complementary and dynamic businesses will create significant new opportunities for their current and future client bases. Richard and his team will be valuable assets to InterQuest Group plc, which, in turn, will enable Rees Draper Wright to strengthen its existing position in the market.”