Janus International acquires TMC for $60M cash plus RSUs to bolster facility maintenance services

Janus International Group, Inc.

Acquired substantially all assets of Terminal Maintenance and Construction for $60M in cash and 452,279 RSUs to sole equityholder David Scot Smith, vesting on second anniversary.
TMC provides trucking terminal renovation, construction, and maintenance services in the Southeast; will integrate into Janus's Facilitate division.
Transaction closed on May 17, 2024; employment agreement entered with Mr. Smith with non-compete and confidentiality covenants.
Acquisition expected to strengthen Janus's project management platform and support strategic growth plan in commercial and industrial sectors.

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