M&A Deal Summary

Madison Dearborn Partners Acquires Shaw Development

On October 31, 2023, private equity firm Madison Dearborn Partners acquired test/measurement equipment company Shaw Development from Monomoy Capital Partners

Acquisition Highlights
  • This is Madison Dearborn Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Madison Dearborn Partners’ 86th transaction in the United States.
  • This is Madison Dearborn Partners’ 3rd transaction in Florida.

M&A Deal Summary

Date 2023-10-31
Target Shaw Development
Sector Test/Measurement Equipment
Buyer(s) Madison Dearborn Partners
Sellers(s) Monomoy Capital Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies
TD Securities (Financial)

Target

Shaw Development

Bonita Springs, Florida, United States
Shaw Development is a designer, manufacturer, and assembler of sensors, fluid management systems and related components primarily for diesel exhaust fluid applications. Shaw provides production and aftermarket components for OEMs in the construction, agricultural, heavy truck and other industrial/transportation end markets. Shaw Development was established in 1944 and is based in Bonita Springs, Florida.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 31.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 100 of 104
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 20 of 20
State: Florida M&A 3 of 3
Country: United States M&A 86 of 90
Year: 2023 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Bazooka Candy Brands

New York, New York, United States

Bazooka Candy Brands produces distinctive candy products including Bazooka bubble gum, Ring Pop, Push Pop, Baby Bottle Pop, and Juicy Drop Pop lollipops - as well as manage pre-paid digital and physical gift card solutions for consumer brands. Bazooka Candy Brands was founded in 1938 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 T2S Solutions

Belcamp, Maryland, United States

T2S Solutions is a provider of R&D, prototyping, engineering, integration, and technology products to mission critical programs for the U.S. Department of Defense (“DoD”), Intelligence Community (“IC”), and other U.S. Government Agencies. T2S Solutions was founded in 2010 and is based in Belcamp, Maryland.

Buy -

Seller(S) 1

SELLER

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $200 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.


DEAL STATS #
Overall 21 of 23
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 7
State: Florida M&A 2 of 2
Country: United States M&A 21 of 23
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Klaussner

Asheboro, North Carolina, United States

Klaussner manufactures and distributes furniture and furniture components in the US. Klaussner supplies upholstery, casegoods, and specialty sleep products to large home furnishings retailers, regional retailers and online retailers. The Company manufactures over 70% of its products domestically through its five manufacturing campuses in North Carolina. The remaining products are sourced from strategic partners in Vietnam and China. Klaussner was founded in 1963 and is based in Asheboro, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Waupaca Foundry

Waupaca, Wisconsin, United States

Waupaca Foundry is a supplier of iron castings to the automotive, commercial vehicle, agriculture, construction, and industrial markets, produces gray iron castings, ductile iron castings, and austempered ductile iron castings using state-of-the-art processes and technology. The manufacturer also specializes in precision machining and assembly. Waupaca Foundry was founded in 1871 and is headquartered in Waupaca, Wisconsin.

Buy -