Saw Mill Closes Sale of Janus to Clearlake
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Saw Mill Closes Sale of Janus to Clearlake

Saw Mill Capital has completed the sale of Janus International to Clearlake Capital.

Janus International, 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).

“Janus has generated impressive growth in its core market while expanding its breadth of product and service offerings and penetrating new geographies,” said Scott Rivard, a Partner of Saw Mill Capital. “Under Saw Mill’s ownership, Janus realized explosive growth in revenues and EBITDA through both organic growth and through accretive acquisitions, all supported by our significant industry research that played a key role in identifying such growth potential.” According to Saw Mill, the firm acquired Janus in 2013 based on research which suggested self-storage new construction was significantly below sustainable long-term demand and that the self-storage industry was enjoying significant secular growth due to increasing consumer acceptance.

“Saw Mill Capital has been a true partner to Janus and provided the necessary support and resources to expand the Janus platform,” said David Curtis, Founder and CEO of Janus. “The Saw Mill team’s guidance through strategy deployment, leading business practices, and acquisitions proved invaluable in driving a shared vision for the company and we’re excited to continue building on such a successful foundation.”

Saw Mill Capital 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).

“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 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).

Rothschild was the financial advisor to Janus on this transaction.

© 2018 Private Equity Professional | February 20, 2018

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