Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading
provider of cutting-edge access control technologies and building
product solutions for the self-storage, commercial, and industrial
sectors, today announced the following have been elected to the
Board of Directors, Tony Byerly a Class III Director and member of
the Nominating and Corporate Governance Committee, Joseph F. Hanna,
a Class III Director and member of the Compensation Committee, and
Eileen Youds, a Class II Director and member of the Nominating and
Corporate Governance Committee. Additionally, Roger Fradin was
elected Chairman of the Board and Chair of the Compensation
Committee and David Doll was appointed as Chair of the Nominating
and Corporate Governance Committee.
The appointments come following the departures of José E
Feliciano and Colin Leonard with Clearlake Capital Group, L.P.
(“Clearlake”) who have been directors since 2021.
“Clearlake’s original investment thesis six years ago was to
partner with Janus’s management team and grow the platform by
expanding both its product portfolio and end markets served,” said
José E. Feliciano, Managing Partner and Co-Founder of Clearlake.
Colin Leonard, Partner and Managing Director of Clearlake added
that “We are proud that, alongside Ramey and his team, we were able
to scale the platform and generate value.”
Mr. Fradin, Janus’s Chairman, stated, “We thank Clearlake and
specifically José and Colin for their partnership over the last six
years and congratulate them on their exit. We believe Janus will be
well served with the new director leadership going forward. Tony,
Joseph, and Eileen bring a wealth of experience in security,
finance, cybersecurity, and technology to the Board, and we look
forward to their insights and expertise. Tony, in particular, has
extensive experience in electronic security, which will help us to
continue to accelerate the growth of our Nokē Smart Entry system.
Their appointments reflect the company’s commitment to new
perspectives and skills that combine with our existing directors
deep experience and knowledge as we continue to grow the business
and advance our goal of being the leading provider of self-storage,
commercial, and industrial solutions.”
“We are pleased to welcome Tony, Joseph, and Eileen who will
further strengthen and diversify our Board,” said Ramey Jackson,
Janus’s Chief Executive Officer. “We look forward to leveraging
their broad range of knowledge and experience to expand our
platform and advance our corporate strategy to combine
best-in-class self-storage offerings with new and innovative
technologies, including our Nokē Smart Entry system, and be the
leading provider of self-storage, commercial, and industrial
solutions. On behalf of the entire Board, I would like to thank
Clearlake for their steadfast partnership and invaluable insights.
We are fortunate to have benefited from their guidance over the
last six years and are grateful for all they have done for
Janus.”
Mr. Byerly has been the Global President Securitas Technology,
Securitas AB and CEO Securitas Technology Corporation since
November 2021 (having started with Securitas in 2016). Mr. Byerly
has over 30 years of senior leadership and security experience
working for both private and public companies including Stanley
Black and Decker, ADT/Tyco International, Honeywell Security
Monitoring and Ameritech/SBC Global Communications/SecurityLink.
Mr. Byerly holds a B.A. degree in Social Science and Business from
Eureka College.
Mr. Hanna has been CEO of McGrath RentCorp (Nasdaq:MGRC), a
leading business-to-business rental company, since February 2017.
Prior to being named CEO, Mr. Hanna held roles as the Chief
Operating Officer, Senior Vice President of Operations, and Vice
President of Operations. Prior to joining McGrath RentCorp, Mr.
Hanna held various sales and operational leadership positions at
SMC Corporation of America. Mr. Hanna holds a B.S. in Electrical
Engineering from the United States Military Academy at West Point,
New York.
Ms. Youds most recently served as Chief Technology Officer of
Portfolio Companies, Operating Principal, Global Infrastructure
Partners (GIP) where she worked since December 2012. Prior to GIP,
Ms. Youds was in manufacturing, human resources, and defense
contracting, serving in leadership roles as President, GM, and COO.
Ms. Youds has extensive expertise in process and productivity
improvement, technology, manufacturing, engineering and education.
Ms. Youds holds a MEP (Management Executive Program) from the
Carlson School of Management, University of Minnesota; M.A. in
Mathematics/Computer Science and B.A. in Chemistry/Mathematics from
the University of Northern Iowa.
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 seven locations
internationally.
About Clearlake
Founded in 2006, Clearlake is an investment firm 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 technology, industrials, and consumer.
Clearlake currently has over $70 billion of assets under
management, and its senior investment principals have led or co-led
over 400 investments. The firm is headquartered in Santa Monica, CA
with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and
Singapore.
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 positioning in the industry, Janus’s
ability to strengthen its pipeline and deliver on its objectives,
the anticipated impact of Janus’s board appointments, and Janus’s
belief regarding the demand outlook for Janus’s products and the
strength of the industrials markets. When used in this
communication, words such as “may,” “should,” “could,” “would,”
“expect,” “plan,” “anticipate,” “believe,” “estimate,” “intend,”
“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.
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 of the self-storage industry;
(ii) the highly competitive nature of the self-storage industry and
Janus’s ability to compete therein; and (iii) the risk that the
demand outlook for Janus’s products 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240102082036/en/
Investor Contact, Janus John Rohlwing Vice President,
Investor Relations, FP&A & M&A, Janus International
770-562-6399 IR@janusintl.com
Media Contact, Janus Suzanne Reitz Vice President of
Marketing, Janus International 770-746-9576
Marketing@Janusintl.com
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