Cintas Corp Acquires UniFirst Corp

Cintas Corporation has entered into a Merger Agreement to acquire UniFirst Corporation in a transaction valued at approximately $12.1 billion. The deal involves a cash and stock component for each UniFirst share. Cintas will acquire all outstanding shares of UniFirst, making it a wholly-owned subsidiary. The transaction is expected to be completed by January 10, 2027, subject to regulatory approvals and shareholder consent. This acquisition aims to enhance Cintas's market position in the uniform rental and facility services industry. The merger agreement includes customary representations, warranties, and covenants, as well as termination clauses and fees for both parties. Cintas has also entered into a voting agreement with certain UniFirst shareholders to secure their support for the merger.