Bengur Bryan acted as exclusive financial advisor to ElectroCraft, Inc. in its purchase of Hansen Corporation and arranged $5.5 million of senior subordinated debt and equity. The acquisition of Hansen combined with the substantial ElectroCraft product lines and motion solutions portfolio presents comprehensive solution for fractional horsepower electric motors, servo/stepper drives and motion control.
The benefit of the acquisition goes beyond the complimentary products and services. ElectroCraft welcomes the Hansen Engineering team to its substantial worldwide design group. Both groups are known for custom and configured solutions in their respective markets and the combined team will bring further innovation. The design teams are also supported by the venerable global manufacturing groups of both companies. “The most compelling aspect of the combination of Hansen and ElectroCraft is the value that it brings to our customers. Hansen and ElectroCraft have very complimentary motion control portfolios and the integration of the companies will allow us to better service the project needs of our existing and future customers,” said ElectroCraft CEO, Mike Karsonovich.