Clearlake Capital Group has agreed to acquire Janus International Group, in partnership with the company’s senior management team, from Saw Mill Capital.
Janus International Group, a portfolio company of Saw Mill Capital since December 2013, is a manufacturer and supplier of roll up and swing doors, hallway systems used in industrial and commercial facilities, and re-locatable storage units used in the self-storage industry. The company also provides design, consulting and installation services in support of its products. Janus has 10 locations in the US, two locations in Europe and a joint venture in Mexico and is headquartered west of Atlanta in Temple, GA (www.janusintl.com).
“We are excited to partner with Clearlake, which has a successful track record of sponsoring, supporting and growing companies in the industrial and building products sectors,” said David Curtis, Founder and CEO of Janus. “Clearlake’s investment approach, operational expertise and financial resources will help accelerate our growth and allow us to continue providing the highest quality products and services to our customers.”
“Janus is a clear market leader to the self-storage segment, with a talented management team that has been driving relentless innovation within the sector,” said José Feliciano, Co-Founder and Managing Partner at Clearlake. “The combination of the company’s differentiated product offerings, such as SecurGuard, and a keen focus on the provision of value-added installation solutions has made Janus the leading supplier in the segment.”
Clearlake Capital Group has over $3.5 billion of assets under management and invests in the following sectors: industrials and energy; software and technology-enabled services; and consumer. The firm was co-founded by Mr. Feliciano and Behdad Eghbali in 2006 and is headquartered in Santa Monica, CA (www.clearlakecapital.com).
“We are thrilled to support such a quality business and to sponsor the company as it pursues an exciting new phase of growth,” said Colin Leonard, a Partner at Clearlake. “This investment presents a compelling new platform that is poised to continue its recent momentum, both organically and through new acquisitions. What Janus is pursuing and developing is highly unique to the sector – the combination of Janus’ market leadership, a pipeline of aging self-storage facilities and the implementation of Janus’ internally developed new products and technologies represent compelling opportunities for the future.”
Saw Mill Capital, the seller of Janus, invests in North American-based manufacturing, industrial and commercial service, and specialty distribution businesses with $25 million to $200 million of revenues and $5 million to $25 million of EBITDA. The firm was founded in 1997 and is headquartered north of New York City in Briarcliff Manor, NY (www.sawmillcapital.com).
Moelis & Company and UBS Investment Bank were the financial advisors to Clearlake on this transaction. Rothschild was the financial advisor to Janus.
© 2018 Private Equity Professional | January 17, 2018
