Janus International Announces the Acquisition of Access Control Technologies, LLC

Rhea-AI Summary

Janus International Group, Inc. (NYSE: JBI) has acquired Access Control Technologies, LLC (ACT), a provider of self-storage access control and integration services. The acquisition aims to enhance the growth of Janus' Nokē® Smart Entry system by expanding product offerings and streamlining services for self-storage contractors. ACT will continue operating under its brand while merging into Janus’ field services team. The integration is expected to reinforce Janus' strategic growth in smart access control technologies, aiming to improve customer experiences and security.

Positive

• Acquisition of ACT will enhance the growth of the Nokē® Smart Entry system.
• Integration allows for expanded product offerings and improved service delivery.
• ACT's experienced leadership will strengthen Janus' field services team.

Negative

• Risks associated with the self-storage industry may pressure performance.
• Integration challenges may emerge, affecting operational efficiency.
• Benefits of the acquisition may not materialize as anticipated.

TEMPLE, Ga.--(BUSINESS WIRE)-- Janus International Group, Inc. (NYSE: JBI) (“Janus”), the leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other commercial and industrial sectors, today announced its acquisition of Access Control Technologies, LLC (“ACT”), a premier provider of self-storage access control and low voltage installation and integration services. ACT’s integration will help support the rapid growth of the Nokē® Smart Entry (“NSE” or “Nokē”) system and allow both ACT and Janus to offer a more comprehensive suite of products and services to self-storage owner/operators. The acquisition will also provide more streamlined services for self-storage general contractors.

ACT, while continuing to operate under its own brand, will merge into Janus’ expansive and experienced field services team.

“We’re very excited to have ACT join the Janus family and are thrilled about the innovative solutions we’ll be providing to the self-storage industry. In ACT’s president Scott Underbrink and COO Chad Stone, we’ve added two of the most well-respected and experienced leaders in the industry to our team. Both companies will continue to serve and support our customers with high quality products and solutions to help them operate and secure their businesses more efficiently,” commented Christine DeBord, President of Nokē.

With business hubs on both the east and west coasts, ACT is esteemed for sales, distribution, installation, design, maintenance and support and services for access control systems, custom fabricated security gates, audio/video surveillance and alarms, structured cabling, and low voltage system design.

Added Janus International CEO, Ramey Jackson: “Janus is highly focused on implementing innovative smart access control technologies to transform the customer experience while also boosting security and convenience for self-storage owner/operators. Merging ACT’s team and capabilities with Janus/Nokē’s well-established project management platform aligns perfectly with this operating imperative. Together we will strengthen our delivery of full access control installation and maintenance services which will help bolster our strategic growth plan.”

ABOUT JANUS INTERNATIONAL

Janus International Group, Inc. (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.

ABOUT ACT

ACT specializes in protecting critical assets in the self-storage and industrial building industries. The ACT team is comprised of security industry experts who continually train to be at the forefront of emerging industry trends, technological advancements, and new security vulnerabilities or hazards that threaten our clients. We proactively search for new techniques and approaches to ensure our client’s assets remain secure in our ever-changing environment. Our dedicated and experienced team provides more than low voltage installations—we provide total access control integration and smart security solutions to fit our customers’ unique needs. For more information about our comprehensive offering, please visit: www.accesscontrol.tech.

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. When used in this communication, words such as “will,” “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “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; (iii) litigation, complaints, and/or adverse publicity; (iv) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption and/or financial loss; (v) the risk that the demand outlook for Janus’s products may not be as strong as anticipated; and (vi) the risk that the benefits of the acquisition may not materialize to the extent 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 final prospectus filed with the SEC on August 6, 2021, its Quarterly Report on Form 10-Q filed with the SEC on August 10, 2021 and in Janus’s other filings.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210901005702/en/

Investor Contact

Rodny Nacier/Dan Scott

770-562-6399

IR@JanusIntl.com

Media Contact:

Bethany Morehouse

Marketing Content Manager, Janus International

770-746-9576

Marketing@Janusintl.com

Margot Olcay, ICR

Margot.Olcay@ICRinc.com

Source: Janus International Group, Inc.

FAQ

What is the purpose of Janus' acquisition of Access Control Technologies (ACT)?

The acquisition aims to enhance the growth of Janus' Nokē® Smart Entry system and expand product offerings in the self-storage market.

What will happen to Access Control Technologies after the acquisition by Janus?

ACT will continue to operate under its own brand while merging into Janus’ field services team.

How does ACT's acquisition impact Janus International Group (NYSE: JBI)?

The acquisition is expected to strengthen Janus' product and service offerings, enhancing customer experience and security in self-storage.

What are the potential risks associated with Janus' acquisition of ACT?

Potential risks include challenges in integration and the uncertain realization of benefits from the acquisition.