Cintas Corporation has agreed to acquire UniFirst Corporation in a transaction valued at approximately $5.5 billion, combining two long-established providers of workplace services. Under the terms of the transaction, UniFirst shareholders will receive $155 in cash and 0.7720 shares of Cintas stock per share, for a total value of $310 per share. The deal, unanimously approved by both Boards, is expected to close in the second half of 2026, subject to regulatory and shareholder approvals.
The combined company will serve business customers across North America, integrating operations such as supply chains, service infrastructure, and route networks to improve efficiency and expand offerings. Todd Schneider, President and CEO of Cintas, said, “This agreement marks a critical step in realizing substantial value for shareholders and customers,” adding, “By combining, we will be better positioned to drive growth and deliver on efficiencies.”
UniFirst leadership and stakeholders also endorsed the transaction following a detailed review process. Joseph M. Nowicki, Chairman of UniFirst, stated, “We are unanimous in our conviction that this transaction is in the best interests of UniFirst and all our stakeholders.” Steven Sintros, UniFirst’s CEO, highlighted strategic alignment, noting, “There is a deep alignment in purpose and core priorities between our two companies.”
The merger is expected to generate approximately $375 million in cost synergies within four years and become accretive to earnings per share by the end of the second full year post-closing. Backed by committed financing from major banks, the deal aims to strengthen service capabilities, create workforce opportunities, and scale operations while maintaining investment in technology and employee development.
