Phenna Group Acquires STROMA Group Limited

PHINIA Acquires stoba Group

June 30, 2026

Manufacturing

PHINIA entered into a definitive agreement to acquire 100% of the equity interests of the stoba Group on June 30, 2026; the acquisition was completed on October 1, 2026. The deal adds stoba’s high-precision engineering and advanced manufacturing capabilities to PHINIA, broadening its reach across automotive, industrial, semiconductor, and aerospace and defense markets while strengthening supply chain resilience.

Phenna Group Acquires MLA Geotechnical

April 13, 2026

Industrial Services

Phenna Group, headquartered in the United Kingdom, has acquired MLA Geotechnical, a geotechnical testing, inspection, and engineering services provider based in Austin, Texas. The deal strengthens Phenna’s Infrastructure division in the Americas and expands its geotechnical capabilities across the southwestern United States, particularly Texas.

Phenna Group Acquires Atlantic Testing Laboratories

April 1, 2025

Engineering Services

Phenna Group, a UK-based testing, inspection, certification and compliance (TICC) platform, has acquired Atlantic Testing Laboratories (ATL), a Canton, New York–headquartered engineering support and testing services firm. The acquisition strengthens Phenna's presence in the United States and expands its capabilities in construction materials, geotechnical/drilling, and environmental services across roads, pavements, groundworks and utilities.

Phenna Group Acquires PKI Solutions

February 1, 2023

Cybersecurity

Nottingham-based Phenna Group has acquired PKI Solutions, a Portland, Oregon–based specialist in public key infrastructure (PKI) products, services, and training. The deal adds PKI capability and the PKI Spotlight management solution to Phenna's cyber security offerings and gives the group a West Coast U.S. presence.

Oakley Capital Invests in Phenna Group and Acquires CTS Group

August 30, 2022

Industrial Services

Oakley Capital Fund V has invested in TICC platform Phenna Group in partnership with Phenna co-founders Paul Barry and David Harrison, who are reinvesting alongside the fund. In parallel Oakley has acquired UK-based CTS Group, which will be integrated into Phenna to expand its testing, inspection and geotechnical capabilities and accelerate international growth.

Compass Precision Acquires Strom Manufacturing

July 12, 2022

Manufacturing

Compass Precision, a Charlotte-based platform backed by Main Street Capital Holdings, has acquired Strom Manufacturing, a precision metal components manufacturer based in North Plains, Oregon. The transaction is an add-on to the Compass platform; founder Bill Strom and the existing management team will remain in place as Compass integrates Strom into its network of precision machine shops.