Janus International Group Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

Business Combinations (Tables)

9 Months Ended

Sep. 25, 2021

Summary of Business Acquisition Pro Forma Information

The following unaudited pro forma information has been prepared as if the DBCI and ACT acquisitions had taken place on December 29, 2019. The Company prepared the table based on certain estimates and assumptions. These estimates and assumptions were made solely for the purposes of developing such unaudited pro forma information and have not been adjusted to provided period over period comparability.


	Three Months Period Ended				Nine Months Period Ended
	September 25,		September 26,		September 25,		September 26,
	2021		2020		2021		2020
Revenue	$	199,314,429	$	160,977,239	$	574,135,446	$	468,372,347
Net Income		17,097,308		19,848,627		35,272,653		43,221,338

Access Control Technologies, LLC Acquisition [Member]

Summary of Financial Results Of Acquiree Since Acquisition Date Actual

The amounts of revenue and net income of ACT included in the results from the transaction date of August 31, 2021 through September 25, 2021 are as follows:


	Periods from September 1, 2021 through September 25, 2021
Revenue	$	981,976
Net Income		26,038

Summary of Fair values of consideration transferred and the fair values of identified assets acquired, and liabilities assumed at each respective date of acquisition

The following tables summarize the fair values of consideration transferred and the fair values of identified assets acquired, and liabilities assumed at

the

date of acquisition:


Fair Value of Consideration Transferred
Cash		9,383,460
Hold Back Liability		1,350,000

Total Fair Value of Consideration Transferred	$	10,733,460

Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed
Cash		169,485
Accounts receivable		1,100,533
Other current assets		102,521
Property and equipment		196,561
Identifiable intangible assets
Customer relationships		2,470,000
Backlog		280,000
Trademark		1,450,000
Recognized amounts of identifiable liabilities assumed
Accounts payable		(473,353	)
Accrued expenses		(152,191	)
Other liabilities		(1,395,911	)

Total identifiable net assets		3,747,645

Goodwill		6,985,815

Summary Of Identifiable Intangible Assets Acquired and their Estimated Useful Lives

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:


	Fair Value		Useful Lives
Customer Relationships	$	2,470,000		15 Years
Backlog		280,000		3 Months
Trade Name		1,450,000		Indefinite

Identifiable Intangible Assets	$	4,200,000

DBCI, LLC Acquisition [Member]

Summary of Financial Results Of Acquiree Since Acquisition Date Actual

The amounts of revenue and net income of DBCI included in the Consolidated Statements of Operations and Comprehensive Income from the transaction date of August 1

, 2021 through September 25, 2021 are as follows:


	Period from August 18, 2021 through September 25, 2021

Revenue	$	8,456,455
Net Income		565,265

Summary of Fair values of consideration transferred and the fair values of identified assets acquired, and liabilities assumed at each respective date of acquisition

The following tables summarize the fair value of

consideration transferred and the fair values of identified assets acquired, and liabilities assumed at

the

date of acquisition:


Fair Value of Consideration Transferred

Cash	$	169,172,537

Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed
Cash		207,655
Accounts receivable		8,501,810
Inventories		9,075,049
Property and equipment		7,802,720
Other assets		29,280
Identifiable intangible assets
Customer relationships		26,320,000
Backlog		3,130,000
Trademark		20,850,000
Recognized amounts of identifiable liabilities assumed
Accounts payable		(8,011,998	)
Accrued expenses		(571,375	)
Other liabilities		(887,271	)

Total identifiable net assets		66,445,870

Goodwill		102,726,667

Summary Of Identifiable Intangible Assets Acquired and their Estimated Useful Lives

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:


	Fair Value		Useful Lives
Customer Relationships	$	26,320,000		15 Years
Backlog		3,130,000		4 Months
Trade Name		20,850,000		Indefinite

Identifiable Intangible Assets	$	50,300,000