10 Mar 2021
TEMPLE, Ga.--(BUSINESS WIRE)--[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 industry] 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.
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 technology] 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.
[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.
[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.
[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.
