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The Rolling Steel and Commercial Door Experts at ASTA AMERICA Announce Industry Veteran, Peter Elsenbach, Will Lead Product Management Team
January 19, 2021 GMT
CARTERSVILLE, Ga. (BUSINESS WIRE) Jan 19, 2021
ASTA AMERICA, your trusted provider of high-quality rolling steel and commercial sheet doors, today announced that Peter Elsenbach has joined the ASTA AMERICA by Janus International team, and will be leading the Product Management division at ASTA AMERICA. Janus International Group, LLC expects to complete its business combination with Juniper Industrial Holdings, Inc. (NYSE: JIH) and become a publicly listed company in the second quarter of 2021.
WeissLaw is investigating whether JIH s board acted in the best interest of JIH s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Janus, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to JIH public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations,
Leading provider of cutting-edge access control technologies and building product solutions for the self-storage and industrial sectors
Accretive new partnership with special purpose acquisition company, Juniper Industrial Holdings, founded by Honeywell veterans with unique insights into Janus’s technology focused product offerings
Pro forma implied enterprise value of approximately $1.9 billion and anticipated market capitalization of approximately $1.4 billion at closing
Transaction financed through $348 million of cash held in Juniper’s trust account and a $250 million PIPE, which includes investments by Baron Capital Group, Fidelity Management & Research Company LLC, as well as members of Juniper’s Board of Directors, including Dave Cote, Former Chairman and CEO of Honeywell
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Janus International Group LLC, which is backed by private equity firm Clearlake Capital Group, is going public via the SPAC route by merging with
Juniper Industrial Holdings Inc (NYSE: JIH).
What Happened: Janus makes cutting-edge access control technologies and builds product solutions for the self-storage and industrial sectors. The merger deal with Juniper puts Janus’ enterprise value at $1.9 billion, including debt.
Janus intends to list on the NYSE under the ticker symbol “JBI.” Juniper will finance the transaction with $348 million cash held and $250 million in PIPE funding from investors such as
Baron Capital Group,
Fidelity Management & Research Company LLC, and members of Juniper’s Board of Directors, including former chairman and CEO of
Janus International Group LLC, which is backed by private equity firm Clearlake Capital Group, is going public via the SPAC route by merging with Juniper Industrial Holdings Inc (NYSE: JIH).
What Happened: Janus makes cutting-edge access control technologies and builds. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: