# Schramm II acquires assets of Schramm Inc. in bankruptcy sale

Schramm II Inc., newly formed and fully owned by private equity firm Gen Nx360 Capital Partners, completed the purchase of substantially all assets of Schramm Inc. through a Section 363 bankruptcy sale. Schramm Australia was also acquired as part of the assets.

- Type: Acquisition
- Announced: 2019-11-11
- Where: West Goshen, Chester County, Pennsylvania, United States
- Status: completed
- Products: drilling rigs
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schramm II](https://endata.com/companies/43207.md) (acquirer)
- [Schramm Inc.](https://endata.com/companies/43208.md) (target)
- [Gen Nx360 Capital Partners](https://endata.com/companies/43209.md) (investor)

## Sources

- [dailylocal.com](https://www.dailylocal.com/2019/11/11/chesco-drilling-rig-maker-schramm-completes-asset-sale-process/), 2019-11-11: "With a much stronger balance sheet, access to additional funding, supportive partners and our dedicated team of employees, we are now well positioned to execute our growth strategy focused on leveraging our large, global installed base of drilling rigs to drive after-market parts and service sales."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.