Phenna Group to acquire Stroma from LDC.

Phenna Group, a specialist businesses focused on the testing, inspection, certification, and compliance sector, agreed to acquire Stroma, a provider of technology-driven safety, sustainability and compliance services to clients across all stages of the building lifecycle, from pre-construction through to occupancy, from LDC, a mid-market private equity firm. Financial terms were not disclosed. “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,” Paul Barry, Phenna Group CEO.