25 Feb, 2022
Phenna Group

Headquartered in Nottingham, UK, Phenna Group’s aim is to invest in and partner with selected niche, independent Testing, Inspection, Certification and Compliance (TICC) companies that serve a variety of sectors, ensuring customers’ peace of mind by delivering first class assurance services. This acquisition of Stroma is our third deal in 2022 and is highly complementary to the Phenna Group service range across the wider Built Environment and Construction sectors. The transaction marks an exit for mid-market private equity firm LDC.

Founded in 2002, Stroma offers a fully integrated range of services with exposure to all stages of a building lifecycle, from concept & planning (pre-construction), through construction and into occupancy. As such, Stroma is able to offer a one-stop shop for developers, contractors and individual property owners across the UK. Stroma’s ability to provide a complete service solution creates a significant competitive advantage as customers are increasingly recognising the benefits of working with a fully integrated, sole supplier for all testing and compliance requirements. The business holds market leading positions in environmental monitoring and performance testing, Approved Inspectors, and certification services. With its head office in Wakefield, West Yorkshire, Stroma provides its services to clients across England and Wales with its 350 strong team based across 14 offices.

Paul Barry, Group CEO of Phenna Group said: “I am very excited to complete the acquisition of STROMA Group. STROMA has a strong reputation in the marketplace and fits closely with our strategy of creating a differentiated group of niche TICC businesses. Their range of services is highly complementary to that of Phenna Group and I look forward to working with the team to help deliver our very ambitious growth plans.”

For further information on Phenna Group, please visit: www.phennagroup.com

For further information on STROMA Group, please visit: www.stroma.com