Janus International Group, a portfolio company of Saw Mill Capital, has acquired Steel Storage Europe Limited, a manufacturer, supplier and installer of self-storage systems. This transaction was completed in December 2014 through Janus International UK.
Janus International Group, acquired by Saw Mill in December 2013, is a manufacturer of roll up doors and a provider of self storage services. Janus has eight US locations, one location in the UK, and a joint venture in Mexico. The company is headquartered in Temple, GA (www.janusintl.com).
“We are excited about this acquisition,” said David Curtis, Janus President and CEO. “With its strong and proven management team and a track record of success in Europe’s self-storage markets, we expect Steel Storage to be an important part of Janus’ plan to lead the development of self-storage infrastructure in the European region. The combined organization now offers a full suite of solutions for operators and builders of self-storage facilities.”
Saw Mill Capital invests in manufacturing and service companies with enterprise values of $25 million to $200 million. Platform investments typically have at least $5 million of EBITDA and revenues of $40 million to $150 million. The firm is located in Briarcliff Manor, NY (www.sawmillcapital.com).
According to Scott Rivard, a principal at Saw Mill, the buy of Steel Storage Europe advances the strategy of taking Janus global. “The acquisition of Steel Storage Europe is an important milestone in our strategy to strengthen Janus’ global reach. Combined with Janus’ recently announced entry into the South American market, we feel Janus is well positioned to capitalize on the acceleration of growth in the self-storage industry globally.”
Steel Storage Europe and Janus International UK will be led by Colin Jeromson, the current CEO of Steel Storage Europe.
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-26-15