Janus International said it has completed its business combination with Juniper Industrial Holdings. Janus is a global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other commercial and industrial sectors.
Shares begin trading today on the NYSE under JBI.
The deal gives the combined company a pro forma implied enterprise value of approximately $1.9 billion and market capitalization of approximately $1.4 billion.
The transaction was financed through $348 million of cash held in Juniper’s trust and a $250 million PIPE, including investments by Baron Capital Group, Fidelity Management & Research Company, as well as members of Juniper’s Board of Directors, including Dave Cote, former chairman and CEO of Honeywell. Read more.
