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GenNx360 Capital Partners acquires Schramm

GenNx360 Capital Partners has partnered with company management to acquire Schramm.

Schramm is a Pennsylvania-based manufacturer of mobile land based drilling rigs used in a variety of applications, including oil and gas drilling, mineral exploration, water and geothermal well drilling, and other drilling activities to depths of 15,000 feet.

The company’s products are designed to make the drilling process safer, faster, and more efficient for its customers and end users and are sold under the registered trade names Schramm, Telemast, Loadsafe, i-Control and air-Control.

"Schramm is a leader in drilling technology serving growing niches within the drilling equipment industry. GenNx360’s resources, Schramm’s business model, and the company’s talented management team will create a powerful combination," says Drew Shea, managing partner at GenNx360.

"We are excited to partner with GenNx360, whose principals have many years of success building industrial businesses such as ours. The operational and leadership experience of the firm will strengthen Schramm and expand our reach even further," says Edward Breiner, Schramm’s president and chief executive.

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