AcquisitionMar 11, 2026Pending
🇺🇸 United States
UUniFirst CorporationCCintas Corporation
Consumer & Retail › Consumer Products
Enterprise value$5.5BEnterprise value
AnnouncedMar 11, 2026
ConsiderationCash and stock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Cintas agreed to acquire UniFirst for $310.00 per share in cash and stock ($155.00 cash plus 0.7720 Cintas shares per UniFirst share), an enterprise value of about $5.5 billion.
Deal rationale
The combination expands service capabilities and route density across North America and is expected to deliver about $375 million of operating cost synergies within four years.
AI-generated from the SEC filingPendingConsumer & Retail › Consumer ProductsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $5.5B | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
MSMorgan Stanley
Sell-side
GSGoldman SachsJPJ.P. Morgan