Cintas Corporation has made a proposal to acquire UniFirst Corporation for $275.00 per share in cash.
The proposal represents a 64% premium to UniFirst's 90-day average price as of December 11, 2025.
Cintas highlights the benefits the acquisition would bring to customers, employee-partners, and shareholders.
Proposal Details
Cintas proposes to acquire all outstanding common and class B shares of UniFirst for $275.00 per share in cash, totaling approximately $5.2 billion with a 64% premium to UniFirst's average closing price.
Strategic Benefits
The combination of Cintas and UniFirst would enhance customer service through additional processing capacity and greater route density.
Regulatory Confidence
Cintas is confident in obtaining regulatory approvals, offering a $350 million termination fee to UniFirst in case the transaction fails.
- The proposed acquisition would create a leading industry player with expanded capabilities serving over 1 million business customers in the US and Canada.
- Cintas' solid organic growth track record combined with UniFirst's resources would strengthen customer offerings and enhance operational efficiency.
Cintas' proposal to acquire UniFirst demonstrates a strategic move to unlock growth opportunities and deliver superior services to customers. The potential merger signifies a significant step towards consolidation in the industry.