Janus International Group Announces Acquisition of Terminal Maintenance and Construction
May 20 2024 - 6:55AM
Business Wire
Janus International Group, Inc. (NYSE: JBI) (“Janus” or the
“Company”), a leading provider of cutting-edge access control
technologies and building product solutions for the self-storage
and other commercial and industrial sectors, today announced its
acquisition of Terminal Maintenance and Construction (“TMC”), a
premier provider of terminal maintenance services for the trucking
industry in the Southeast. While initially continuing to focus on
commercial customers, TMC’s integration will ultimately help
support the growth of Janus’s Facilitate division, which offers
complete facility maintenance services.
Headquartered in Madison, Georgia, TMC’s offerings include
trucking terminal renovation, remodeling, and maintenance
services.
“We’re very excited to have TMC join the Janus family and are
thrilled about the additional innovative solutions that we’ll be
providing to our customers in both the storage and commercial
spaces we serve,” said Ramey Jackson, Chief Executive Officer.
“Merging TMC’s team and capabilities with Janus’s well-established
project management platform will strengthen our ability to deliver
full maintenance services, which we believe will help bolster our
strategic growth plan.”
Massumi + Consoli LLP served as legal advisor to Janus.
About Janus International Group
Janus International Group, Inc. (www.JanusIntl.com) is a leading
global manufacturer and supplier of turn-key self-storage,
commercial and industrial building solutions, including roll-up and
swing doors, hallway systems, re-locatable storage units and
facility and door automation technologies. The Janus team operates
out of several U.S. locations and six locations
internationally.
About Terminal Maintenance and Construction
Terminal Maintenance and Construction performs trucking terminal
renovation, remodeling, and maintenance services for major trucking
customers in the Southeast.
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, including, but not limited to
statements regarding Janus’s belief regarding the demand outlook
for Janus’s products and the strength of the industrials markets
and statements regarding TMC, including Janus’s ability to
integrate the TMC business, its team and its capabilities with
Janus’s operations, achieve expected synergies and grow Janus’s
operations, and otherwise realize the intended benefits of the
acquisition. When used in this communication, words such as “may,”
“should,” “will,” “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 Janus’s management,
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, many of which are outside
of Janus’s control.
In addition to factors previously disclosed in 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) risks related the industries in
which Janus operates, including the self-storage and (following the
acquisition of TMC) trucking industries; (ii) the highly
competitive nature of the industries in which Janus operates,
including the self-storage and (following the acquisition of TMC)
trucking industries, and Janus’s ability to compete therein; (iii)
litigation, complaints, and/or adverse publicity; (iv) cyber
incidents or directed attacks that could result in information
theft, data corruption, operational disruption, and/or financial
loss; and (v) the risk that the demand outlook for Janus’s products
and/or services may not be as strong as anticipated.
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 Janus is not under any obligation and 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. 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 or other matters and
attributable to Janus or any person acting on its behalf are
expressly qualified in their entirety by the cautionary statements
above and under the heading “Risk Factors” in Janus’s most recently
filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q,
as updated from time to time in amendments and its subsequent
filings with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240520231769/en/
Investor Contact Sara Macioch Senior Director, Investor
Relations, Janus International 770-562-6399 IR@janusintl.com
Media Contact Suzanne Reitz Vice President of Marketing,
Janus International 770-746-9576 Marketing@Janusintl.com
Janus (NYSE:JBI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Janus (NYSE:JBI)
Historical Stock Chart
From Nov 2023 to Nov 2024