Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Shaw Development by private equity sponsor Monomoy Capital Partners.
Founded in 1944 and based in Bonita Springs, FL Shaw Development is a designer, manufacturer and assembler of sensors, fluid management systems and related components primarily for diesel exhaust fluid (DEF) applications. The company’s DEF systems are mission-critical components of emission control systems in diesel engines. Shaw Development provides production and aftermarket components for OEMs in the construction, agricultural, heavy truck and other industrial/transportation end markets. The company also sells non-DEF products, including components for advanced diesel refueling systems. Shaw operates three facilities in Florida and has approximately 250 employees.
Monroe Capital is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Monroe’s middle market lending platform provides debt financing to businesses, special situation borrowers and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans, unitranche financings and equity co-investments.