Specialist in ground stabilisation for construction and infrastructure
Mobeus invested £14 million in Geobind, the fast-growing, pioneering specialist in ground stabilisation services for construction and infrastructure projects.
Geobind's unique and patent-protected system strengthens ground for temporary and permanent works in a fraction of the time of traditional methods. As a result, Geobind delivers significant environmental, cost and programme benefits to main contractors which are rapidly adopting it as a preferred solution for the construction of access roads, highways, car parks and commercial buildings.
The transaction created a realisation event for early shareholders of the business, as well as providing growth capital to allow the business to strengthen its team and continue on its rapid growth trajectory.
With Mobeus’s investment, Geobind aims to materially increase its share of the c. £1bn soil stabilisation market in the UK.
Geobind was established in 2014 by serial entrepreneur Bill Hinge and has been run by Hinge alongside fellow directors Robin Apperley and Dominick Holland. As part of the transaction, Mobeus introduced Tim Read and Rex Orton, who have joined the board as Chairman and Finance Director respectively. Read was CEO of a previous Mobeus investment TJ Brent and subsequently Commercial Director of May Gurney plc, and brings with him considerable experience in the contracting industry. Orton is the former Finance Director of Latchways Plc, a world-leading manufacturer of fall protection equipment.
Chris Price led the deal for Mobeus, supported by Danielle Garland and Dominic Draysey.
- Business Services
- Growth Capital
- April 2018
- £14 million
- Chris Price