Clearlake Capital Group has agreed to buys Janus International Group LLC, a supplier of premium doors and hallways systems for the storage unit sector, alongside the target’s management team. Financial terms of the deal were not disclosed.
Founded in 2002, Janus produces a variety of storage units, commercial and garage doors, hallway systems and locks for blue chip customers across the U.S. The Temple, Georgia-headquartered target manufactures custom orders and provides consulting and installation services. Janus will serve as a platform company for Clearlake, as the firm looks to support growing companies in the industrial and building products sectors.
“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,” states Janus CEO David Curtis.
Clearlake is a middle-market private equity firm based in Santa Monica, California that was founded in 2006. The investment firm targets a variety of sectors, including: technology, communications and business services, industrials, energy and power, and consumer products and services. Clearlake has managed more than $6.5 billion in assets under management since inception.
The PE firm has been quite active in the middle market. In November 2017, Clearlake acquired better-for-you beverage company Disruptive Brands. Some of Clearlake’s other food and beverage investments include: Chef’s Cut Real Jerky, Mrs. Thinsters and Sensible Portions. The firm also sold two of its software portfolio companies, Syncsort and Vision Solutions, to Centerbridge Partners in 2017 for $1.26 billion.