The Manchester team of leading mid-market private equity firm LDC has exited its investment in Stroma Group (Stroma), a market leader in sustainability and compliance services across the built environment in the UK, to Phenna Group.
Headquartered in Wakefield, Stroma is the UK’s leading provider of technology-driven safety, sustainability and compliance services to clients across all stages of the building lifecycle, from pre-construction through to occupancy. Its services include testing, consultancy and building control, along with inspection and maintenance work. Stroma is able to offer a one-stop shop for developers, contractors and individual property owners across the UK. As part of its testing and consultancy work, it helps customers from multi-national corporations to SMEs on their journey to becoming net zero through increasing energy efficiency and reducing CO2 emissions and wastage.
Since LDC invested in Stroma in 2014, the business has expanded its range of sustainability services in design and consultancy to become a leading provider to the built environment industry. The business is currently in the advanced stages of the B-Corporation certification process.
Through its extensive network, Phenna Group, a company focused on providing testing, inspection, certification and compliance services, will now support Stroma to further expand its customer base and enhance its portfolio of market-leading service.
PMSI provided VCDD on the deal, including a detailed analysis of the building compliance market and competitive environment as well as a customer referencing process.
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