Janus, a leading provider of cutting-edge
access control technologies and building product solutions for the
self-storage and commercial industrial sectors, will begin trading
on the NYSE under ticker JBI
Janus International Group, Inc. (“Janus” or the “Company”),
Clearlake Capital Group, L.P. (“Clearlake”) and Juniper Industrial
Holdings, Inc. (“Juniper”) announced today the closing of Janus’
previously announced business combination with Juniper, a
publicly-listed special purpose acquisition company (NYSE: JIH).
The business combination was approved at Juniper’s special meeting
of stockholders on June 3, 2021, and closed today, June 7, 2021.
Janus, a leading global manufacturer and supplier of turn-key
building solutions and new access control technologies for the
self-storage and other commercial and industrial sectors, will
begin trading on June 8, 2021 on the New York Stock Exchange
(“NYSE”) under the ticker symbol “JBI”.
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the full release here:
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Clearlake remains Janus’ largest shareholder and Chief Executive
Officer Ramey Jackson will continue to lead the Company. Clearlake
acquired Janus in 2018, and the Company has grown tremendously over
the last several years, introducing numerous new software-based
access control technologies and acquiring several critical
accretive business lines. Janus now serves over 10,000 customers on
a global basis and has established itself as a leader in the
broader commercial and self-storage ecosystems, providing
innovative solutions that address unique and growing market needs,
including Janus’ proprietary Nokē access control solution that
supports the Company’s first-mover advantage in a nascent but
large, addressable market for smart facilities and wireless
management technologies.
“The completion of this transaction and our listing on the NYSE
signifies a tremendous milestone for Janus as we continue executing
on our compelling growth plans,” said Ramey Jackson, CEO of Janus.
“Our industry is at a critical juncture as our customers begin
modernizing and adopting our technologies and invest in upgrading
existing and new facilities,” added Mr. Jackson. “We are fortunate
to have had Clearlake’s support and their technology and building
products expertise over the last several years as we built new
software-based solutions and closed on several accretive
acquisitions. We are equally as excited to welcome the Juniper team
who I view as the perfect partners to help us and Clearlake drive
the next chapter of growth for our company. Finally, I want to
recognize the accomplishments of the broader Janus team, as I could
not be more proud of our management team and employees for
consistently executing and offering our customers the best
solutions in the industry.”
“This is a tremendous outcome for Janus and Clearlake, and we
are confident that Janus will be even better positioned as a public
company to continue its impressive trajectory,” said José E.
Feliciano, Chairman of the Janus Board of Directors and Co-Founder
and Managing Partner at Clearlake, and Colin Leonard, Partner at
Clearlake, in a joint statement. “Since our initial investment,
Janus has executed on its growth strategy and developed game
changing technology solutions that the industry cannot ignore. We
are excited to continue as significant stakeholders in Janus and
support the Company through our O.P.S.® (Operations, People, and
Strategy) playbook. Together with Juniper, we believe Janus is
uniquely positioned to drive considerable additional stakeholder
value and look forward to our continued partnership.”
“Our goal with Juniper was not only to find a great investment
for our platform, but to also partner with an industry leading
company with an abundant number of growth opportunities where our
team can add significant value and resources,” said Roger Fradin,
Chairman of Juniper. “We could not be more excited that Ramey and
the broader Janus and Clearlake teams are our partners here, and we
look forward to leveraging our team’s decades of industrial and
access control experience to support Janus’ strategic vision.”
Morgan Stanley & Co. LLC is acting as financial advisor to
Janus. UBS is acting as financial and capital markets advisor as
well as placement agent to Juniper. Moelis & Company LLC is
also acting as financial advisor to Juniper.
About Janus International Group
Janus International Group (“Janus”) is a leading global
manufacturer and supplier of turn-key self-storage, commercial and
industrial building solutions and new technologies, including:
automation and access control technologies, roll up and swing
doors, hallway systems, re-locatable storage units, and much more.
The Janus team operates out of several U.S. locations and six
locations internationally. More information is available at
www.janusintl.com.
About Clearlake
Clearlake Capital Group, L.P. is a leading investment firm
founded in 2006 operating integrated businesses across private
equity, credit and other related strategies. With a sector-focused
approach, the firm seeks to partner with experienced management
teams by providing patient, long-term capital to dynamic businesses
that can benefit from Clearlake’s operational improvement approach,
O.P.S.® The firm’s core target sectors are industrials, technology
and consumer. Clearlake currently has approximately $39 billion of
assets under management, and its senior investment principals have
led or co-led over 300 investments. The firm has offices in Santa
Monica and Dallas. More information is available at
www.clearlake.com and on Twitter @ClearlakeCap.
About Juniper Industrial Holdings, Inc. (NYSE: JIH)
Juniper Industrial Holdings (“JIH” or “Juniper”) is a Special
Purpose Acquisition Corporation (“SPAC”) targeting companies within
the industrials sector. With $348 million in trust, the SPAC was
formed for the purpose of entering into a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. Juniper’s
management team has a proven track record of identifying
market-leading technologies across the industrial spectrum, and an
affinity for businesses with strong brands and mission-critical
offering. The Juniper team has a robust network of relationships
within industrial and investment communities built over 60+ years
of combined industry experience, and a deep understanding of
industrial trends. More information is available at
www.juniperindustrial.com.
Forward Looking Statements
Certain statements in this communication may be considered
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical fact included in this communication
are forward-looking statements. When used in this communication,
words such as “may,” “should,” “could,” “would,” “expect,” “plan,”
“anticipate,” “believe,” “estimate,” “continue,” or the negative of
such terms or other similar expressions, as they relate to the
management team, identify forward-looking statements. Such
forward-looking statements are based on the current beliefs of the
respective management of Janus and Juniper, based on currently
available information, as to the outcome and timing of future
events, and involve factors, risks, and uncertainties that may
cause actual results in future periods to differ materially from
such statements. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors detailed in Juniper or Janus’s filings with the
SEC. There can be no assurance that the events, results or trends
identified in these forward-looking statements will occur or be
achieved. Forward-looking statements speak only as of the date they
are made, and neither Janus nor Juniper is under any obligation,
and each of them expressly disclaims any obligation, to update,
alter or otherwise revise any forward-looking statement, whether as
a result of new information, future events or otherwise, except as
required by law. All subsequent written or oral forward-looking
statements attributable to Janus or Juniper or persons acting on
its behalf are qualified in their entirety by this paragraph. under
“Risk Factors” in Part I, Item 1A of Juniper’s Form 10-K for the
year ended December 31, 2020, Part II, Item 1A of Juniper’s Form
10-Q for the quarterly period ended March 31, 2021 and in Juniper
and Janus’s other filings.
In addition to factors previously disclosed in Juniper and
Janus’s reports filed with the SEC and those identified elsewhere
in this communication, the following factors, among others, could
cause actual results to differ materially from forward-looking
statements or historical performance: (i) the effect of the merger
on Janus’s business relationships, operating results, and business
generally; (ii) failure to realize the benefits expected from the
transaction; (iii) risks that the merger disrupts Janus’s current
plans and operations and potential difficulties in Janus’s employee
retention as a result of the merger; (iv) the effects of pending
and future legislation; (v) risks related to disruption of
management time from ongoing business operations due to the
transaction; (vi) the amount of the costs, fees, expenses and other
charges related to the merger; (vii) risks of the self-storage
industry; (viii) the highly competitive nature of the self-storage
industry and Janus’s ability to compete therein; (ix) litigation,
complaints, and/or adverse publicity; (x) the ability to meet
NYSE’s continued listing standards following the consummation of
the transaction and (xi) cyber incidents or directed attacks that
could result in information theft, data corruption, operational
disruption and/or financial loss.
This communication is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
an investment in Janus and is not intended to form the basis of an
investment decision in Janus. All subsequent written and oral
forward-looking statements concerning Janus and Juniper, the
transaction or other matters and attributable to Janus and Juniper
or any person acting on their behalf are expressly qualified in
their entirety by the cautionary statements above. Juniper and
Janus undertake no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210607005705/en/
Investor Contacts, Janus Rodny Nacier / Brad Cray
IR@janusintl.com (770) 562-6399
Media Contacts, Janus Phil Denning / Nora Flaherty
Media@janusintl.com
Media Contacts, Clearlake Jennifer Hurson
jhurson@lambert.com
Juniper Industrial (NYSE:JIH)
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