Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Shaw Development, LLC (“Shaw”) by private equity sponsor Monomoy Capital Partners.

Founded in 1944 and based in Bonita Springs, Florida, Shaw is a designer, manufacturer and assembler of sensors, fluid management systems and related components primarily for diesel exhaust fluid (“DEF”) applications. Shaw’s DEF systems are mission-critical components of emission control systems in diesel engines. Shaw 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.