JBI

Janus International Group Inc - Ordinary Shares - Class A

Industrial/Transportation, SPAC


Presented:01/22/2021
Price:$12.45
Cap:$0.54B
Current Price:$10.40
Cap:$1.51B

Presented

Date01/22/2021
Price$12.45
Market Cap$0.54B
Ent Value$0.45B
P/E RatioN/A
Book Value$7.79
Div Yield0%
Shares O/S43.13M
Ave Daily Vol593,675
Short Int1.14%

Current

Price$10.40
Market Cap$1.51B
Janus International Group, Inc. manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers self-storage doors and hallways, including roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies. The company also provides Noke smart entry system. Janus International Group, Inc. is headquartered in Temple, Georgia.

Please note, on 6/8/21 Juniper Industrial Holdings (JIH) merged with Janus International Group (JBI) and assumed its company name. The content of this idea will make reference to the original SPAC.

Publicly traded companies mentioned herein: Allegion PLC (ALLE), Honeywell International Inc (HON), Juniper Industrial Holdings Inc (JIH), Public Storage (PSA), Vertiv Holdings Co (VRT)

Highlights

The presenter is long shares of Juniper Industrial Holdings Inc (JIH). On December 22, 2020 Janus Midco, LLC (the indirect parent company of Janus International Group), a leading manufacturer and supplier of turn-key building solutions and access control technologies for the self-storage and other industrial sectors, announced that it had entered into a definitive agreement for Janus to become a public company through a merger with JIH. Upon completion of the transaction, the company will be listed under the ticker symbol JBI. The presenter highlights the executive team as a positive with David Cote, former CEO of HON on the board and Brian Cook and Roger Fradin serving as the CEO and Chairman, respectively. This management team is highly regarded within the industrial space and has already completed a successful SPAC in VRT, which is up ~100% over the last year. He believes that JIH’s management team will look to repeat the VRT playbook with JIH. 

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