Janus International Group LLC, a manufacturer of self-storage roll-up doors and building components, is being acquired by private investment firm Clearlake Capital Group LP. The deal is in partnership with the Janus management team, according to a press release. Financial terms were not disclosed.
“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,” added José E. Feliciano, co-founder and managing partner of Clearlake. “The combination of the company’s differentiated product offerings and keen focus on the provision of value-added installation solutions has made Janus the leading supplier in the segment.”
The move appears to be part of a broad strategy to infuse Janus with resources to pursue product development and company growth, including acquisitions. “We are thrilled to support such a quality business and to sponsor the Janus as it pursues an exciting new phase of growth,” said Colin Leonard, partner at Clearlake. “This investment presents a compelling new platform that is poised to continue [the company’s] 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.”
Headquartered in Temple, Ga., Janus has 10 U.S. locations as well as manufacturing facilities in Europe and Mexico. Founded in 2002, the company was acquired in December 2013 by Saw Mill Capital Partners LP, a New York-based private equity investment fund managed by Saw Mill Capital LLC.
Founded in 2006, Clearlake specializes in partnering with management teams to provide long-term capital to businesses “that can benefit from [the company’s] operational-improvement approach,” the release stated. It has interests in the energy and industrial, food and consumer services, and software and technology sectors. The firm has managed more than $6.5 billion of institutional capital since its inception, and its senior investment principals have led or co-led more than 100 investments.
- BusinessWire: Clearlake Capital to Acquire Janus International