Janus International Group, Inc. (NYSE: JBI) (“Janus”), a global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, today announced that it has signed a definitive agreement to acquire DBCI, a manufacturer of steel roll-up doors and building products for both the commercial and self storage industries and a part of Cornerstone Building Brands (NYSE: CNR) (“Cornerstone”). The acquisition broadens Janus’s customer set by gaining direct access to DBCI’s core general contractor and distributor base and provides an opportunity to deliver more comprehensive, value-added solutions for DBCI’s customers from Janus. Together, Janus and DBCI will benefit from an expanded geographic and regional sales footprint.
“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.”
Headquartered in Douglasville, GA, DBCI’s product line includes steel sheet roll-up doors and steel durable sheets. In total, DBCI employs approximately 240 people and as of April 3, 2021 generated trailing 12-month revenue of approximately $85 million. DBCI’s manufacturing operations are located in Arizona, Georgia, and Texas.
“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.”
The transaction is scheduled to close during the third quarter subject to certain customary closing conditions.
About Janus International
Janus International Group, Inc. (JanusIntl.com) is a 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 Cornerstone Building Brands
Cornerstone is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., Cornerstone serves residential and commercial customers across the new construction and repair and remodel markets. Cornerstone’s market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, insulated metal panels, metal roofing, metal wall systems, and metal accessories. Cornerstone’s broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are deeply embedded in Cornerstone’s culture. For more information, visit CornernestoneBuildingBrands.com.
About DBCI
DBCI is a leading manufacturer of steel sheet roll-up doors and building products for both the commercial and self storage markets. With field technicians and manufacturing and sales offices located across the United States, DBCI quickly and efficiently delivers superior products and services to its customers.
