Christine DeBord named President of Nokē® Smart
Entry & Terry Bagley named President of Industry & Partner
Relationships
Appointments to support growth of Nokē® Smart
Entry, Janus’s access control technology business unit
Clearlake Capital Group, L.P. (together with its affiliates,
“Clearlake”) portfolio company Janus International Group, LLC
(“Janus” or the “Company”), a leading global manufacturer and
supplier of turn-key building solutions and new access control
technologies for the self-storage and other industrial sectors,
announced today that Christine DeBord has been named President of
Nokē® Smart Entry (“NSE” or “Nokē”) and Terry Bagley has been named
President of Industry & Partner Relationships for Janus. Both
Ms. DeBord and Mr. Bagley will report to Morgan Hodges, Executive
Vice President of Janus. The appointments mark Janus’s efforts to
continue driving organic growth by supporting its access control
technology business as the Company continues down the path toward
entering the public markets, expected in the second quarter of
2021.
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These appointments provide additional infrastructure and
expertise to support the growth and development of Janus’s rapidly
expanding Nokē business unit. Nokē is a state-of-the-art smart
access control technology that meets the demands and expectations
of today’s highly mobile consumers, providing tenants with 24 hour
access self-storage facilities and individual units with the touch
of a button on their phone, the ability to easily share mobile
keys, and enhanced safety through remote monitoring. The product
similarly enables operators to enhance profits by upgrading
security and convenience, fully automating the move-in process, and
enabling additional technologies like thermal imaging and fire
sensing.
“As we work to execute on our strategic objectives and continue
to generate strong organic growth, assembling a first-class team to
accelerate the development and delivery of an industry-changing
product to our customers represents an essential element of our
preparations for operating as a public company,” Ramey Jackson,
Chief Executive Officer of Janus, commented. “The self-storage
industry is rapidly increasing its adoption of our technology – by
the end of this week, over 400 sites will have installed and
integrated our Nokē solutions.
“Our Nokē business faces the opportunity to penetrate what we
believe is an approximately $4 billion market, and in Christine and
Terry, we have assembled the best team to help Nokē capitalize on
its enormous potential. Christine and Terry are proven executives
with significant technology, sales and marketing experience and a
nuanced understanding of our industry and partners, and are well
positioned to both elevate our smart access control business and
support Janus’s growth,” Mr. Jackson added.
As President of NSE, Ms. DeBord will focus on the continued
growth and development of the Nokē division. Ms. DeBord has been
working with self-storage access control and new technology since
2016 and possesses extensive experience as a marketing and sales
leader, positioning her well to drive continued growth in the
business unit.
As President of Industry & Partner Relationships for Janus,
Mr. Bagley will foster relationships with industry technology
partners, identify strategic M&A opportunities, cultivate
international business development, and help Janus cultivate and
expand relationships with institutional customers. Mr. Bagley
possesses over two decades of experience in the storage industry;
prior to joining Janus as Vice President of Business Development in
2015, Mr. Bagley served as President and CEO of self-storage
software company Centershift Inc. He is additionally a former board
member for the national Self Storage Association, serving two
terms.
Janus expects to complete its business combination with Juniper
Industrial Holdings, Inc. (NYSE: JIH) and become a publicly listed
company in the second quarter of 2021. Clearlake, an investment
firm, is the largest shareholder in Janus.
For more information about Nokē, please visit:
https://www.janusintl.com/products/noke.
ABOUT JANUS
INTERNATIONAL
Janus International Group, LLC (www.JanusIntl.com) is the 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 CLEARLAKE
Clearlake Capital Group, L.P., a Delaware limited partnership,
is an investment firm founded in 2006 operating integrated
businesses across private equity, credit and other related
strategies. With a sector-focused approach, the firm seeks to
partner with experienced management teams by providing patient,
long-term capital to dynamic businesses that can benefit from
Clearlake’s operational improvement approach, O.P.S.® The firm’s
core target sectors are industrials, technology, and consumer.
Clearlake currently has approximately $30 billion of assets under
management and its senior investment principals have led or co-led
over 200 investments. The firm has offices in Santa Monica and
Dallas. More information is available at www.clearlake.com and on Twitter
@ClearlakeCap.
ABOUT JUNIPER INDUSTRIAL HOLDINGS, INC.
(NYSE: JIH)
Juniper Industrial Holdings, Inc., a Delaware corporation (“JIH”
or “Juniper”), is a Special Purpose Acquisition Corporation
targeting companies within the industrials sector. With $348
million in trust, Juniper was formed for the purpose of entering
into a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination with one
or more businesses. Juniper’s management team has a proven track
record of identifying market-leading technologies across the
industrial spectrum, and an affinity for businesses with strong
brands and mission-critical offering. The Juniper team has a robust
network of relationships within industrial and investment
communities built over 60+ years of combined industry experience,
and a deep understanding of industrial trends. More information is
available at www.juniperindustrial.com.
IMPORTANT INFORMATION AND WHERE TO FIND
IT
This communication is being made in connection with the proposed
business combination involving Juniper and Janus under a new
holding company, Janus Parent, Inc., a Delaware corporation (“Janus
Parent”). Janus Parent intends to file with the SEC a registration
statement on Form S-4 (as amended, the “Registration Statement”)
containing a preliminary proxy statement of Juniper and a
preliminary prospectus of Janus Parent. After the Registration
Statement is declared effective, Juniper will mail a definitive
proxy statement/prospectus relating to the proposed business
combination to its shareholders. This announcement does not contain
all the information that should be considered concerning the
proposed business combination and is not intended to form the basis
of any investment decision or any other decision in respect of the
business combination. Juniper’s shareholders and other interested
persons are advised to read, when available, the preliminary proxy
statement/prospectus and the amendments thereto and the definitive
proxy statement/prospectus and other documents filed in connection
with the proposed business combination, as these materials will
contain important information about Juniper, Janus, Janus Parent
and the business combination. When available, the definitive proxy
statement/prospectus and other relevant materials for the proposed
business combination will be mailed to shareholders of Juniper as
of a record date to be established for voting on the proposed
business combination. Shareholders will also be able to obtain
copies of the preliminary proxy statement/prospectus, the
definitive proxy statement/prospectus and other documents filed
with the SEC, without charge, once available, at the SEC’s website
at www.sec.gov. In addition, the documents filed by Juniper and
Janus Parent may be obtained free of charge from Juniper at
www.juniperindustrial.com/investors. Alternatively, these
documents, when available, can be obtained free of charge by
directing a request to: Juniper Industrial Holdings, Inc., 14
Fairmount Avenue, Chatham, New Jersey 07928.
PARTICIPANTS IN THE
SOLICITATION
Juniper, Janus and certain of their directors and executive
officers may be deemed participants in the solicitation of proxies
from Juniper’s shareholders with respect to the proposed business
combination. A list of the names of those directors and executive
officers and a description of their interests in Juniper is
contained in Juniper’s annual report on Form 10-K for the fiscal
year-ended December 31, 2019, which is available free of charge at
the SEC’s web site at www.sec.gov. In addition, the documents filed
by Juniper may be obtained from Juniper as described above under
“Important Information and Where to Find It.”
NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval, nor shall there be any sale of any securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of such other jurisdiction.
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. When used in this communication,
words such as “may,” “should,” “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 the
respective management of Janus and Juniper, 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. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors detailed in Juniper’s filings with the SEC
including, but not limited to, the risk factors and other
uncertainties set forth under “Risk Factors” in Part I, Item 1A of
Juniper’s Form 10-K for the year ended December 31, 2019 and in
Juniper’s other filings. 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 neither Janus nor Juniper is under
any obligation, and each of them 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. All
subsequent written or oral forward-looking statements attributable
to Janus or Juniper or persons acting on its behalf are qualified
in their entirety by this paragraph.
In addition to factors previously disclosed in Juniper’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) ability to meet the closing
conditions to the merger, including approval by stockholders of
Juniper on the expected terms and schedule and the risk that any
regulatory approvals required for the merger are not obtained or
are obtained subject to conditions that are not anticipated; (ii)
the occurrence of any event, change or other circumstance that
could cause the termination of the merger agreement or a delay in
the closing of the merger; (iii) the effect of the announcement or
pendency of the proposed merger on Juniper’s business
relationships, operating results, and business generally; (iv)
failure to realize the benefits expected from the proposed
transaction; (v) risks that the proposed merger disrupts Janus’s
current plans and operations and potential difficulties in Janus’s
employee retention as a result of the proposed merger; (vi) the
effects of pending and future legislation; (vii) risks related to
disruption of management time from ongoing business operations due
to the proposed transaction; (viii) the amount of the costs, fees,
expenses and other charges related to the merger; (ix) risks of the
self-storage industry; (x) the highly competitive nature of the
self-storage industry and Janus’s ability to compete therein; (xi)
litigation, complaints, and/or adverse publicity; (xii) the ability
to meet NYSE’s listing standards following the consummation of the
proposed transaction and (xiii) cyber incidents or directed attacks
that could result in information theft, data corruption,
operational disruption and/or financial loss.
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 Juniper and is not intended to form the basis of
an investment decision in Juniper. All subsequent written and oral
forward-looking statements concerning Janus and Juniper, the
proposed transaction or other matters and attributable to Janus and
Juniper or any person acting on their behalf are expressly
qualified in their entirety by the cautionary statements above.
Juniper and Janus undertake no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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Investor Contacts, Janus
Rodny Nacier/ Brad Cray Phone: 770-562-6399 Email:
IR@JanusIntl.com
Media Contacts, Janus Phil
Denning / Nora Flaherty Media@janusintl.com
Media Contacts, Clearlake
Jennifer Hurson JHurson@lambert.com
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