Cintas to acquire UniFirst in $5.5B deal, UBS analysts see potential synergies

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Cintas Corporation plans to acquire UniFirst Corporation for approximately $5.5 billion, with UBS analysts highlighting potential for significant synergies and market expansion. The deal, valued at $310 per share (50% cash, 50% stock), is expected to increase Cintas’ laundry facility count by 50% and revenue by roughly 20%. Analysts predict the acquisition will be accretive to Cintas’ earnings per share by about 10% by year four, though it will likely face regulatory review from the Federal Trade Commission.

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