Schramm Expands Global Reach Through Joint Venture

August 2020

To increase aftermarket services, Schramm has formed a joint venture with Salt Lake City-based equipment manufacturer and repair shop Hardwick Machinery. The partnership enables Schramm to offer a wider array of services to customers worldwide, including same-day on-site maintenance throughout the Western United States.

“After many years of close cooperation between Hardwick and Schramm, we have elected to double down on our relationship,” says Justin Hardwick, president of Hardwick Machinery. “The product of this partnership will be nothing less than a powerhouse of the global drilling industry, an integrated entity capable of building and maintaining rigs from end to end. The biggest winners of the joint venture are our customers, who will enjoy speedy, reliable and quality service, no matter where in the world they are operating.”

The partnership with Hardwick is integral to Schramm’s long-term strategy to complement its existing backlog of OEM rig sales with superior aftermarket maintenance and support services for gold and other resurgent mining segments in Australia, the western U.S., Canada, China and Chile.

To further the global growth strategy, Schramm also announced that board member Otis Spencer will transition from his current role of operating partner at parent company GenNx360 Capital Partners and assume the position of president and CEO of Schramm. Spencer has been deeply involved with Schramm since joining GenNx360 in 2014. Following Schramm’s acquisition, he assisted with the integration of two bolt-on companies as well as the development of the overall enterprise and was subsequently appointed a member of the Schramm, Inc. board of directors in 2019. Mr. Spencer’s appointment signifies GenNx360’s commitment to the overall success of Schramm.  

“Despite significant global business challenges due to the coronavirus, we have a strong backlog of new rig orders and several large aftermarket opportunities through our Brisbane and Perth facilities. This new joint venture with Hardwick Machinery further accelerates both our spectrum and delivery of services to customers throughout the American West and globally, underscoring Schramm’s worldwide commitment to premier customer support.”

Spencer succeeds Craig Mayman, who becomes Schramm’s executive vice president of sales, marketing and aftermarket. From his new base in Adelaide, South Australia, Mayman will now focus on business development for Schramm. He will also direct all operations in Australia, currently the world’s most active mining market and a cornerstone of Schramm’s global business.

“It was my honor to serve as president of Schramm for the past two years and my pleasure to see a leader of Otis Spencer’s caliber and vision take the reins,” Mayman says. “After finalizing the joint venture with Hardwick Machinery, I look forward to returning home to Adelaide to lead Schramm’s rapidly-expanding Australian operations as well as global business development for the company.”

Mr. Mayman returns to Australia after more than a decade in the U.S., including nearly 5 years of distinguished service to Schramm in various capacities.