JBI

Janus International acquires Terminal Maintenance and Construction

Janus International Group, Inc. (NYSE: JBI) has announced its acquisition of Terminal Maintenance and Construction (TMC), a premier provider of terminal maintenance services for the trucking industry in the southeast. This acquisition is expected to bolster Janus's Facilitate division, which offers complete facility maintenance services.

Headquartered in Madison, Georgia, TMC offers trucking terminal renovation, remodeling, and maintenance services. The company's integration into Janus is anticipated to enhance the delivery of full maintenance services, supporting Janus's strategic growth plan.

According to Ramey Jackson, the CEO of Janus, the merger of TMC's team and capabilities with Janus's project management platform will strengthen their ability to deliver maintenance services for both commercial customers and the storage industry.

Massumi + Consoli LLP served as the legal advisor to Janus in this acquisition.

Janus International Group, Inc. is a leading global manufacturer and supplier of turn-key self-storage, commercial, and industrial building solutions. With several U.S. locations and six international locations, Janus is known for its cutting-edge access control technologies and building product solutions for various sectors.

The specific financial details of the acquisition and the impact on Janus's metrics, such as revenue, EBITDA, and net income, were not provided in the press release. As a result of these announcements, the company's shares have moved 1.8% on the market, and are now trading at a price of $14.29. For more information, read the company's full 8-K submission here.

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