Update 8/20/21 – Janus has closed on its acquisition of DBCI, which will continue to operate under its own name as a Janus subsidiary. Janus expects to grow its customer base through direct access to DBCI’s core general contractor and distributor network, while DBCI customers will gain access to Janus’ broader platform of solutions, according to a press release.
“We are very pleased to have successfully closed our acquisition of DBCI,” Jackson said. “As we integrate our two organizations, we anticipate that the multiple synergies we share will drive enhanced cost savings and a stronger platform to better service and supply our combined set of customers.”
7/28/21 – Janus International, a global manufacturer and supplier of building components and security technology for the self-storage industry, has signed an agreement to acquire DBCI, a manufacturer of steel roll-up doors and building products for the commercial and self-storage industries. The companies will benefit from an expanded geographic and regional sales footprint, according to a press release.
“This synergistic combination advances Janus’s strategy of focusing on a niche value proposition and enhances our ability to better serve the needs of our customers by broadening our platform’s range of solutions,” said Ramey Jackson, CEO of Janus. “Given our complementary business lines, the acquisition presents appealing cost-savings and scale/procurement benefits, along with the ability to integrate operations, cross-sell existing products and services, and expand our pool of talent and personnel.”
The transaction is scheduled to close during the third quarter, subject to certain customary closing conditions, the release stated.
“DBCI has been on our radar since Clearlake acquired Janus three years ago, and we’re pleased to have helped bring these businesses together,” said José E. Feliciano, chairman of the Janus Board of Directors and co-founder and managing partner at Clearlake Capital Group L.P. “With DBCI, Janus will look to accelerate the growth of its Nokē Smart Entry wireless management technology as it accesses a greater breadth of customers. We also expect Clearlake’s O.P.S. (Operations, People and Strategy) framework to help Janus integrate DBCI in order to better serve our industry customers.”
Headquartered in Douglasville, Georgia, DBCI is a division of Cornerstone Building Brands. Its product line includes steel roll-up doors and sheets. The company employs 240 people, with manufacturing plants in Arizona, Georgia and Texas. As of April 3, it generated trailing 12-month revenue of $85 million.
Headquartered in Temple, Georgia, and founded in 2002, Janus is a global manufacturer and supplier of turnkey commercial, industrial and self-storage building solutions including roll-up and swing doors, hallway systems, relocatable storage units, and facility- and door-automation technologies. The company operates out of several U.S. locations and six international offices.
Source:
Business Wire, Janus International Announces Closing of Acquisition of Building Components Manufacturer DBCI
