Mobeus has invested £3.7m in Redline Assured Security Ltd, the aviation security training, quality assurance and consulting company. The funding will be used on the roll out of Redline’s products and services in a number of new international markets, the firm says.
The Doncaster-based business was founded by Paul Mason and Jim Termini after working together as helicopter pilots in the UK military. Redline’s 80 staff and 200 associates provide training and covert quality assurance services to customers including the majority of UK airports.
Having a focus on the UK, the firm reports growing international demand for its services in the last 12 months. The Mobeus funds will support Redline’s further international development. Redline reports that it’s the only private company in the world that is directly endorsed by the International Civil Aviation Organisation. Mason and Termini are supported in the business by Chairman Sir Gary Coward KBE CB, former Chief of Matériel (Land) and Quartermaster-General to the UK Armed Forces.
Richard Babington, the Mobeus Partner who led the transaction, said: “Britain is renowned worldwide for the quality of its aviation security, and Redline is the pre-eminent provider of aviation security training and quality assurance in Britain. We are delighted to be backing Paul, Jim and Redline as it continues to accelerate its development into Europe, the Middle East and Asia.”
Paul Mason, pictured, CEO of Redline, said: “The chance to work with a progressive, supportive equity house like Mobeus is an extremely exciting prospect for the whole team at Redline. We intend to maximise the opportunity to make a real difference in a very uncertain world.”
And Jim Termini, Commercial Director of Redline, said: “The Redline team draws immense satisfaction from making a measurable difference. We take only the best the UK has to offer and ‘Redline’ them, producing a team that works.” Visit http://www.trustredline.co.uk/.
