Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, has sold portfolio company Shaw Development to private equity firm Madison Dearborn Partners.
Shaw Development is a designer, manufacturer and assembler of sensors, fluid management systems and related components primarily for diesel exhaust fluid (DEF) applications.
Monomoy played an integral role in helping to grow the family-owned business, which was founded in 1944, into a market leader in the DEF sector by focusing on operational improvements.
Jefferies LLC served as exclusive financial advisor to Shaw Development and Monomoy with respect to the transaction; TD Cowen advised the Board of Directors of Shaw Development.
