\nJanus International Group, LLC (\u201cJanus\u201d or the \u201cCompany\u201d), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage industry, announced today that two of the largest independent self-storage owner operators in North America have signed agreements to implement its Nok\u0113\u00ae<\/sup> Smart Entry (\u201cNok\u0113 Smart Entry\u201d or \u201cNok\u0113\u201d) smart access control and security solutions. Strat Property Management, Inc., (\u201cSPMI\u201d), a real estate and management firm primarily focused in the self-storage and multi-family industries, and SmartStop Self Storage REIT, Inc. (\u201cSmartStop\u201d), a self-managed REIT that owns and operates nearly 150 self-storage facilities, will be implementing the Nok\u0113 Smart Entry system across multiple properties in their respective portfolios.\n<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210602005375\/en\/<\/a><\/p>\n \n\u201cWe are thrilled to partner with forward-thinking self-storage owner operators like SPMI and SmartStop as they look to provide a more modern, convenient, and secure experience for their customers,\u201d said Christine DeBord, President of Nok\u0113. \u201cWe\u2019re excited these two industry leaders have chosen Nok\u0113 Smart Entry as their smart access control and security solution and are pleased to see such rapid growth and adoption of the solution within the industry.\u201d\n<\/p>\n \nSan Diego, CA. based SPMI has already implemented the Nok\u0113 system at multiple locations and have committed to equipping at least 20 percent of their 70+ store portfolio with Nok\u0113\u00ae <\/sup>ONE (\u201cNok\u0113 ONE\u201d) smart locks by the end of 2021. Additionally, SPMI has committed to replacing 5,000 existing unit doors with new Janus doors locks and replace 135 access control keypads with Janus\u2019 smart \u201cNok\u0113pads\u201d to enable mobile access for customer convenience and enhanced security. Over the next three years, SPMI intends to have Nok\u0113 ONE smart locks at every location.\n<\/p>\n \nDon Clauson, Owner and CEO of SPMI, commented, \u201cWe look forward to refreshing our Texas and California portfolios by installing Janus\u2019s best-in-class doors and innovative smart locking solution, as we believe that investing in our facilities is integral to delivering an excellent customer experience. We chose to partner with the Janus team on these projects because of their track record of providing industry-leading, high-quality doors and hallways as well as innovative smart security solutions. We know that the Janus team is always there to support us as we make value-add improvements to our portfolio. Janus has first class people and products and we\u2019re committed to our ongoing partnership.\u201d\n<\/p>\n \nJanus has also signed a contract with SmartStop to add approximately 5,000 Nok\u0113 smart locks across five new construction projects expected to complete construction in 2021 and early 2022. SmartStop is the tenth largest self-storage company in the U.S., with approximately $1.7 billion of real estate assets under management, including an owned and managed portfolio of 152 properties in 19 states and Toronto, Canada and comprising approximately 103,000 units and 11.6 million rentable square feet.\n<\/p>\n \nWayne Johnson, President and Chief Investment Officer of SmartStop, said, \u201cSmartStop is committed to delivering cutting-edge technologies and unparalleled service to our customers across North America. As we plan our new construction projects, we are intently focused on building modern facilities that increase efficiency for our operations team and ease of use for our customers. We are pleased to install Nok\u0113 smart locks across five of our new developments and look forward to offering our customers a higher level of security and a more convenient storage experience through innovative technology solutions.\u201d\n<\/p>\n \nJanus expects to complete its business combination with Juniper Industrial Holdings, Inc. (NYSE: JIH) and become a publicly listed company soon after the special meeting of shareholders scheduled for June 3, 2021. Clearlake, an investment firm, is the largest shareholder in Janus.\n<\/p>\n \nFor more information about Nok\u0113, please visit: https:\/\/www.janusintl.com\/products\/noke<\/a>.\n<\/p>\n ABOUT JANUS INTERNATIONAL<\/span><\/b><\/p>\n \nJanus International Group, LLC (www.JanusIntl.com<\/a>) 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.\n<\/p>\n ABOUT STRAT PROPERTY MANAGEMENT<\/span><\/b><\/p>\n \nStrat Property Management, Inc. is a real estate development and management firm that focuses on the multifamily housing and self storage classes of real estate. SPMI owns and manages more than 30 apartment buildings and complexes in San Diego, California and more than 65 self storage facilities in five states. For renters, SPMI strives to create an experience that is easy, convenient, and of incredible value. As an organization, SPMI works daily to equip its team of self storage and multifamily housing professionals with everything they need to grow personally and professionally. SPMI is based in San Diego, California. For more information, please visit www.stratprop.com<\/a>.\n<\/p>\n ABOUT SMARTSTOP SELF STORAGE REIT, INC. (SmartStop) <\/span><\/b><\/p>\n \nSmartStop is a self-managed REIT with a fully integrated operations team of approximately 400 self storage professionals focused on growing the SmartStop\u00ae Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. SmartStop is the tenth-largest self storage company in the U.S., with approximately $1.7 billion of real estate assets under management, including an owned and managed portfolio of 154 properties in 19 states and Toronto, Canada and comprising approximately 104,000 units and 11.8 million rentable square feet. SmartStop and its affiliates own or manage 17 operating self storage properties in the Ontario, Canada, which total approximately 14,300 units and 1.5 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com<\/a>.\n<\/p>\n ABOUT CLEARLAKE<\/span><\/b><\/p>\n \nFounded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake\u2019s operational improvement approach, O.P.S.<\/i>\u00ae<\/sup> The firm\u2019s core target sectors are industrials, technology, and consumer. Clearlake currently has approximately $38 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com<\/a> and on Twitter @ClearlakeCap.\n<\/p>\n ABOUT JUNIPER INDUSTRIAL HOLDINGS, INC. (NYSE: JIH)<\/span><\/b><\/p>\n \nJuniper Industrial Holdings, Inc., a Delaware corporation (\u201cJIH\u201d or \u201cJuniper\u201d), is a Special Purpose Acquisition Corporation targeting companies within the industrials sector. With $348 million in trust, Juniper was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Juniper\u2019s management team has a proven track record of identifying market-leading technologies across the industrial spectrum, and an affinity for businesses with strong brands and mission-critical offering. The Juniper team has a robust network of relationships within industrial and investment communities built over 60+ years of combined industry experience, and a deep understanding of industrial trends. More information is available at www.juniperindustrial.com<\/a>.\n<\/p>\n IMPORTANT INFORMATION AND WHERE TO FIND IT<\/span><\/b><\/p>\n \nThis communication is being made in connection with the proposed business combination involving Juniper and Janus under a new holding company, Janus Parent, Inc., a Delaware corporation (\u201cJanus Parent\u201d). In connection with the proposed transactions, Janus Parent has filed with the Securities and Exchange Commission (the \u201cSEC\u201d) a registration statement on Form S-4 (as amended, the \u201cRegistration Statement\u201d) containing a definitive proxy statement of Juniper and a definitive prospectus of Janus Parent. This announcement does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. Juniper\u2019s shareholders and other interested persons are advised to read the definitive proxy statement\/prospectus and other documents filed in connection with the proposed business combination, as these materials will contain important information about Juniper, Janus, Janus Parent and the business combination. Janus Parent has mailed the definitive proxy statement\/prospectus and other relevant materials for the proposed business combination to shareholders of Juniper as of May 4, 2021 for voting on the proposed business combination. Shareholders are also able to obtain copies of the definitive proxy statement\/prospectus and other documents filed with the SEC, without charge, at the SEC\u2019s website at www.sec.gov<\/a>. In addition, the documents filed by Juniper and Janus Parent may be obtained free of charge from Juniper at www.juniperindustrial.com\/investors<\/a>. Alternatively, these documents can be obtained free of charge by directing a request to: Juniper Industrial Holdings, Inc., 14 Fairmount Avenue, Chatham, New Jersey 07928.\n<\/p>\n PARTICIPANTS IN THE SOLICITATION<\/span><\/b><\/p>\n \nJuniper, Janus and certain of their directors and executive officers may be deemed participants in the solicitation of proxies from Juniper\u2019s shareholders with respect to the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in Juniper is contained in Juniper\u2019s annual report on Form 10-K for the fiscal year-ended December 31, 2020, which is available free of charge at the SEC\u2019s web site at www.sec.gov<\/a>. In addition, the documents filed by Juniper may be obtained from Juniper as described above under \u201cImportant Information and Where to Find It.\u201d\n<\/p>\n NO OFFER OR SOLICITATION<\/span><\/b><\/p>\n \nThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.\n<\/p>\n FORWARD LOOKING STATEMENTS<\/span><\/b><\/p>\n \nCertain statements in this communication may be considered \u201cforward-looking statements\u201d 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 \u201cmay,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d 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 the respective management of Janus and Juniper, 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. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in Juniper\u2019s filings with the SEC including, but not limited to, the risk factors and other uncertainties set forth under \u201cRisk Factors\u201d in Part I, Item 1A of Juniper\u2019s Form 10-K for the year ended December 31, 2020 and in Juniper\u2019s other filings. 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 neither Janus nor Juniper is under any obligation, and each of them 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. All subsequent written or oral forward-looking statements attributable to Janus or Juniper or persons acting on its behalf are qualified in their entirety by this paragraph.\n<\/p>\n \nIn addition to factors previously disclosed in Juniper\u2019s 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) ability to meet the closing conditions to the merger, including approval by stockholders of Juniper on the expected terms and schedule and the risk that any regulatory approvals required for the merger are not obtained or are obtained subject to conditions that are not anticipated; (ii) the occurrence of any event, change or other circumstance that could cause the termination of the merger agreement or a delay in the closing of the merger; (iii) the effect of the announcement or pendency of the proposed merger on Juniper\u2019s business relationships, operating results, and business generally; (iv) failure to realize the benefits expected from the proposed transaction; (v) risks that the proposed merger disrupts Janus\u2019s current plans and operations and potential difficulties in Janus\u2019s employee retention as a result of the proposed merger; (vi) the effects of pending and future legislation; (vii) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (viii) the amount of the costs, fees, expenses and other charges related to the merger; (ix) risks of the self-storage industry; (x) the highly competitive nature of the self-storage industry and Janus\u2019s ability to compete therein; (xi) litigation, complaints, and\/or adverse publicity; (xii) the ability to meet NYSE\u2019s listing standards following the consummation of the proposed transaction and (xiii) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption and\/or financial loss.\n<\/p>\n \nThis communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Juniper and is not intended to form the basis of an investment decision in Juniper. All subsequent written and oral forward-looking statements concerning Janus and Juniper, the proposed 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 cautionary statements above. Juniper and Janus undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210602005375\/en\/<\/a><\/span><\/p>\n Investor Contacts, Janus<\/span><\/b><\/p>\n \nRodny Nacier\/ Brad Cray Media Contacts, Janus<\/span><\/b><\/p>\n \nPhil Denning \/ Nora Flaherty Media Contacts, Clearlake<\/span><\/b><\/p>\n<\/p>\n
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Phone: 770-562-6399
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Email: IR@JanusIntl.com<\/a><\/p>\n
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Media@janusintl.com<\/a><\/p>\n
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