Clearlake Portfolio Company Janus International Group Announces Completion of NYSE Listing Through Business Combination with Juniper Industrial Holdings

TEMPLE, GA & SANTA MONICA, CA – (COMMERCIAL THREAD) – Janus International Group, Inc. (“Janus” or the “Company”), Clearlake Capital Group, LP (“Clearlake”) and Juniper Industrial Holdings, Inc. (“Juniper”) today announced the closing of Janus announced the business combination with Juniper, a publicly traded ad hoc acquisition company (NYSE: JIH). The business combination was approved at Juniper’s Special Meeting of Shareholders on June 3, 2021 and closed today, June 7, 2021. Janus, one of the world’s leading manufacturers and providers of turnkey construction and new access control technologies for self-storage and other commercial and industrial sectors, will begin trading on June 8, 2021 on the New York Stock Exchange (“NYSE”) under the ticker symbol “JBI”.

Clearlake remains Janus’ largest shareholder and CEO Ramey Jackson will continue to lead the company. Clearlake acquired Janus in 2018, and the company has grown significantly over the past few years, introducing many new software-based access control technologies and acquiring several key business lines. Janus now serves more than 10,000 customers globally and has established itself as a leader in broader shopping and self-storage ecosystems, providing innovative solutions that meet the unique and growing needs of the market, including Janus’ proprietary Nokē access control solution that supports the pioneering advantage in an emerging but large and addressable market for smart facilities and wireless management technologies.

“Completing this transaction and our NYSE listing is an important milestone for Janus as we continue to execute on our compelling growth plans,” said Ramey Jackson, CEO of Janus. “Our industry is at a critical juncture as our customers begin to modernize and adopt our technologies and invest in the modernization of existing and new facilities,” added Mr. Jackson. “We are fortunate to have benefited from Clearlake’s support and expertise in construction technology and products over the past several years as we develop new software solutions and make several profitable acquisitions. We are equally thrilled to welcome the Juniper team whom I see as the perfect partners to help us and Clearlake lead the next chapter of growth for our business. Finally, I would like to recognize the accomplishments of the entire Janus team, as I could not be more proud of our management team and employees for consistently executing and providing our clients with the best solutions in the world. ‘industry.

“This is a tremendous result for Janus and Clearlake, and we are confident that Janus will be even better positioned as a public company to continue on its impressive trajectory,” said José E. Feliciano, Chairman of the Board of administration and co-founder of Janus. and Managing Partner at Clearlake, and Colin Leonard, Partner at Clearlake, in a joint statement. “Since our initial investment, Janus has implemented its growth strategy and developed revolutionary technological solutions that the industry cannot ignore. We are delighted to continue as important players in Janus and to support the company through our SPO^® (Operations, People and Strategy) playbook. With Juniper, we believe Janus is uniquely positioned to generate significant added value for stakeholders and look forward to our continued partnership. ”

“Our goal with Juniper was not only to find a great investment for our platform, but also to partner with an industry-leading company with many growth opportunities where our team can add significant value and resources,” said declared Roger Fradin, president of Juniper. “We couldn’t be more thrilled that Ramey and the larger teams at Janus and Clearlake are our partners here, and we look forward to leveraging our team’s decades of industry and access control experience to support the strategic vision. by Janus. ”

Morgan Stanley & Co. LLC is acting as financial advisor to Janus. UBS acts as a financial and capital market advisor as well as an investment agent for Juniper. Moelis & Company LLC also acts as financial advisor to Juniper.

About Janus International Group

Janus International Group (“Janus”) is one of the world’s leading manufacturers and suppliers of turnkey storage solutions, commercial and industrial buildings and new technologies including: automation and access control technologies, doors roll-up and swing-out, aisle systems, locatable storage re-units, and much more. The Janus team operates from multiple locations in the United States and six locations internationally. More information is available at www.janusintl.com.

About Clearlake

Clearlake Capital Group, LP is a leading investment firm founded in 2006 and operating integrated businesses in private equity, credit and other related strategies. With a sector-based approach, the company seeks to partner with experienced management teams in providing patient and long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, SPO^® The main target sectors of the company are industry, technology and consumption. Clearlake currently has approximately $ 39 billion in assets under management, and its senior investment managers have led or co-directed more than 300 investments. The company has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.

About Juniper Industrial Holdings, Inc. (NYSE: JIH)

Juniper Industrial Holdings (“JIH” or “Juniper”) is a Special Purpose Acquisition Corporation (“SPAC”) targeting companies in the industrial sector. With $ 348 million in trust, PSPC was formed for the purpose of completing a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more several companies. Juniper’s leadership team has a proven track record in identifying market-leading technologies across the industrial spectrum, and an affinity for companies with strong brands and critical offering. The Juniper team has a strong network of relationships within the industry and investment communities, built on over 60 years of combined industry experience and a deep understanding of industry trends. More information is available at www.juniperindustrial.com.

Forward-looking statements

Certain statements contained 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 “may”, “should”, “could”, “could”, “expect”, “plan”, “anticipate”, “believe”, “estimate” “,” Continue “or the negative of these or other similar terms, as far as the management team is concerned, identify forward-looking statements. These forward-looking statements are based on the current beliefs of the respective management of Janus and Juniper, based on information currently available, 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 these statements. Actual results could differ materially from those contemplated in forward-looking statements due to certain factors detailed in documents filed by Juniper or Janus with the SEC. There can be no assurance that the events, results or trends identified in these forward-looking statements will occur or will occur. Forward-looking statements speak only as of the date on which they are made, and neither Janus nor Juniper are under any obligation, and each of them expressly disclaims any obligation, to update, modify or revise in any way. a forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. All subsequent written or oral forward-looking statements attributable to Janus or Juniper or to persons acting on their behalf are qualified in their entirety by this paragraph. under “Risk Factors” in Part I, Item 1A of Juniper’s Form 10-K for the year ended December 31, 2020, Part II, Item 1A of Juniper’s Form 10-Q for the quarterly period ended March 31 2021 and in Juniper and The Other Janus Papers.

In addition to factors previously disclosed in Juniper and Janus’ 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 performance. historical: (i) the effect of the merger on the business relationships, results of operations and the business of Janus in general; (ii) failure to realize the expected benefits of the transaction; (iii) the risks that the merger will disrupt Janus’ current plans and operations and the potential difficulties in retaining Janus employees as a result of the merger; (iv) the effects of current and future legislation; (v) risks associated with the interruption of the management time of current business operations due to the transaction; (vi) the amount of costs, fees, expenses and other charges relating to the merger; (vii) the risks of the self-storage industry; (viii) the highly competitive nature of the self-storage industry and Janus’ ability to compete in it; (ix) disputes, complaints and / or adverse publicity; (x) the ability to meet NYSE continuous listing standards after the transaction is completed and (xi) cyber incidents or directed attacks that could result in information theft, data corruption, business disruption and / or financial losses.

This communication is not intended to be exhaustive or to contain all the information that a person may wish when considering an investment in Janus and is not intended to form the basis for a decision to invest in Janus. All subsequent written and oral forward-looking statements regarding Janus and Juniper, the transaction or other matters and attributable to Janus and Juniper or any person acting on their behalf are expressly qualified in their entirety by the caveats above. Juniper and Janus do not undertake to update these statements for revisions or changes after the date of this posting, except as required by law.