Schrader sale to investment firm is completed

April 30, 2012

Schrader International, manufacturer of sensing and valve solutions including tire pressure monitoring systems (TPMS), reports Madison Dearborn Partners Global VI-A L.P. and certain affiliated investment funds (Madison Dearborn) and members of Schrader’s management team have, through a new company formed for such purpose, completed the acquisition of Schrader from Tomkins Ltd.

Hugh Charvat, president and CEO of Schrader, says, “In Madison Dearborn, we have outstanding partners to work with as we continue to grow our global business. Madison Dearborn shares our belief that Schrader’s leadership position in key markets, backed by strong product lines such as TPMS and custom-engineered valves, is the result of our differentiation in the markets we serve. Our global positioning, matched with our scalable growth plan, makes Schrader a very unique and strong company.”

Tom Souleles, managing director at Madison Dearborn, says, “We are pleased to have invested in Schrader, a company that has distinguished itself in global markets, driven by strong domestic and international OEM demand, a large and growing aftermarket and regulatory requirements for its TPMS technology. The company’s outstanding management team has built a world-class infrastructure and a scalable operation to offer industry-leading products and customer service, and we are looking forward to working with Hugh and his team to help Schrader build on this strong foundation and capitalize on numerous growth opportunities.”

Schrader has a strong brand, sales, and engineering presence in all major global regions, including more than 50 countries. Schrader manufactures its sensor and valve products from eight manufacturing facilities worldwide.

Madison Dearborn Partners, based in Chicago, is a private equity investment firm. Since Madison Dearborn’s formation in 1992, the firm has raised six funds with aggregate capital of over $18 billion and has completed approximately 120 investments. Madison Dearborn invests in businesses across a broad spectrum of industries, including basic industries; business and government services; consumer; financial services; health care; and telecom, media and technology services.