TEMPLE, Ga. - Janus International Group, Inc. (NYSE: JBI), a global manufacturer and supplier in the self-storage and industrial sectors, has acquired Terminal Maintenance and Construction (TMC), a company specializing in trucking terminal services in the Southeast.
This acquisition, announced today, marks a strategic extension for Janus as it aims to enhance its Facilitate division, which provides comprehensive facility maintenance services.
TMC, headquartered in Madison, Georgia, brings to Janus a portfolio of trucking terminal renovation, remodeling, and maintenance services. The integration of TMC is expected to bolster Janus's project management capabilities and support its strategic growth initiatives.
Ramey Jackson, CEO of Janus, expressed enthusiasm for the acquisition, stating, "We're very excited to have TMC join the Janus family and are thrilled about the additional innovative solutions that we'll be providing to our customers." Jackson anticipates that TMC's team and capabilities will strengthen Janus's delivery of full maintenance services.
The legal advisor for the transaction was Massumi + Consoli LLP. Financial terms of the acquisition have not been disclosed.
Janus International operates from several U.S. locations and has a presence in six international locations. The company is recognized for its comprehensive solutions in the self-storage, commercial, and industrial building sectors, including various door systems and automated technologies.
The information in this article is based on a press release statement.
InvestingPro Insights
As Janus International Group, Inc. (NYSE: JBI) broadens its horizons with the recent acquisition of Terminal Maintenance and Construction, the company's financial health and market performance offer valuable insights. With a market capitalization of $2.05 billion and a P/E ratio standing at 14.58, Janus International presents a compelling valuation case, particularly when considering its P/E ratio in relation to near-term earnings growth.
InvestingPro Tips suggest that while some analysts have revised their earnings expectations downwards for the upcoming period, Janus International is still trading at a low P/E ratio compared to its growth potential. The company's recent performance supports this optimistic outlook, with a substantial 50.81% return over the last year and a significant 32.33% price uptick over the last six months. Additionally, Janus's liquid assets surpass its short-term obligations, indicating a strong liquidity position.
Moreover, Janus International operates with a moderate level of debt, which, coupled with the analysts' prediction that the company will be profitable this year, paints a promising picture for potential investors. For those interested in further analysis, InvestingPro offers additional tips and comprehensive data, including more on Janus's financial metrics and projections. Visit https://www.investing.com/pro/JBI for more detailed insights and use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
InvestingPro Data highlights Janus's robust operating income margin of 23.5% for the last twelve months as of Q1 2024, reflecting the company's efficiency in managing its operations. The revenue growth, although modest at 2.6% for the same period, still indicates a steady upward trend. With a fair value estimate of $17 by analysts and InvestingPro's fair value at $15.66, the current price of $14.12 seems to offer a potential upside for investors.
It's worth noting that Janus International does not pay a dividend, which could be a factor for income-focused investors to consider. However, the company's strong price performance and favorable profitability predictions may compensate for the lack of dividend yield.
For those looking to delve deeper into Janus International's financial landscape, InvestingPro has numerous additional tips to explore, providing a more granular view of the company's prospects.
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