Daily News: August 22, 2014

BofA Business Capital ABL Supports ElectroCraft’s Hansen Buy

Bank of America Business Capital announced it led a $22.1 million asset-based revolver to support the acquisition of Hansen by ElectroCraft.

The acquisition of Hansen, combined with the substantial ElectroCraft product lines and motion solutions portfolio, presents comprehensive fractional and subfractional solutions to the motion control markets.