Madison Dearborn Partners, a private equity firm, completed the acquisition of Shaw Development, a designer, manufacturer and assembler of sensors, fluid management systems and related components primarily for DEF applications, from Monomoy Capital Partners, a private investment firm. Financial terms were not disclosed. “Monomoy’s collaborative approach, operational expertise and strategic understanding of our business led to an incredible partnership that has set us up for continued opportunities for innovation and excellence in the years to come. Our united commitment to improve the business created lasting value for Shaw and our future partners. We are undoubtedly well-positioned for further growth as we embark on this next chapter,” Keith Luomala, Shaw Development CEO.