# CINTAS CORP (CTAS) — merger/definitive [pending] Source: SEC API (secapi.ai) · situation sit_b7e5373bb12866ba52cf · retrieved 2026-08-11T15:52:29.153Z ## Overview UniFirst Corporation provides uniform rental and facility services, including garment manufacturing and laundry services, to commercial and industrial customers. On March 10, 2026, UniFirst Corporation agreed to be acquired by Cintas Corporation in a two-step merger structure. UniFirst shareholders will receive $155 in cash and 0.7720 shares of Cintas common stock per share of UniFirst common stock and Class B common stock. The transaction is subject to customary closing conditions including UniFirst shareholder approval (requiring two-thirds of combined voting power), regulatory approvals including Hart-Scott-Rodino clearance, and NASDAQ listing approval for the Cintas shares. The merger agreement includes a $213.3 million termination fee payable by UniFirst to Cintas and a $350 million termination fee payable by Cintas to UniFirst under specified circumstances. The transaction is expected to close by January 10, 2027, subject to automatic extensions of up to two four-month periods under certain conditions. ## Terms - Counterparty: Cintas Corporation · Deal value: $5.50B · Consideration: mixed · Price/share: $310 ## Key dates - Announced 2026-03-11 · Expected close 2027-01-10 ## Timeline - 2026-03-11 · 425 (0000950103-26-003614): 425 - CINTAS CORP — *Cintas Corporation provides uniform programs, facility service products, and first aid and safety supplies and services to approximately 1.5 million business customers across the United States and Canada.* Cintas Corporation has reached an agreement to acquire UniFirst Corporation. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, approval by UniFirst's shareholders, and receipt of regulatory approvals. Entities affiliated with the Croatti family, which control approximately two-thirds of the voting power of UniFirst, have signed an agreement to vote their shares in favor of the transaction. Cintas expects to realize approximately $375 million of operating cost synergies, including material cost, production expense, service expense, G&A expense, and selling expense, within four years. The transaction is expected to be accretive to Cintas' earnings per share within the second full year after close. https://www.sec.gov/Archives/edgar/data/723254/0000950103-26-003614.txt - 2026-03-11 · 425 (0000950103-26-003603): 425 - CINTAS CORP — *Cintas Corporation provides workday solutions including uniform rental and facility services, first-aid and safety programs, and related products to businesses across North America.* Cintas Corporation has entered into a definitive agreement to acquire UniFirst Corporation in a cash and stock transaction valued at approximately $5.5 billion in enterprise value. UniFirst shareholders will receive $310 per share, comprising $155 in cash and 0.772 shares of Cintas stock (based on a Cintas share price of $200.77). The transaction represents an implied multiple of approximately 8 times trailing 12 months EBITDA, including synergies. Cintas has identified approximately $375 million in operating cost synergies expected to be realized within four years, covering operational efficiencies, technology integration, and improved customer service. The transaction is subject to customary closing conditions, including regulatory approvals and UniFirst shareholder approval, with expected closing in the second half of calendar year 2026. The Croatti family affiliates have agreed to vote in favor of the transaction. https://www.sec.gov/Archives/edgar/data/723254/0000950103-26-003603.txt - 2026-03-11 · 425 (0000950103-26-003608): 425 - CINTAS CORP — *Cintas Corporation is a provider of uniforms, facility services, and workplace products and services; UniFirst Corporation is a provider of uniform rental and facility services.* Cintas Corporation has announced a definitive merger agreement to acquire UniFirst Corporation in an all-stock transaction. Cintas will file a Registration Statement on Form S-4 with the SEC to register shares of Cintas common stock to be issued to UniFirst shareholders. The transaction is subject to customary closing conditions, including regulatory approvals and UniFirst shareholder approval. A proxy statement/prospectus will be sent to UniFirst shareholders detailing the transaction terms and merger consideration. https://www.sec.gov/Archives/edgar/data/723254/0000950103-26-003608.txt - 2026-03-11 · 425 (0001193125-26-101154): 425 - CINTAS CORP — *UniFirst Corporation provides uniform rental and facility services, including garment manufacturing and laundry services, to commercial and industrial customers.* On March 10, 2026, UniFirst Corporation agreed to be acquired by Cintas Corporation in a two-step merger structure. UniFirst shareholders will receive $155 in cash and 0.7720 shares of Cintas common stock per share of UniFirst common stock and Class B common stock. The transaction is subject to customary closing conditions including UniFirst shareholder approval (requiring two-thirds of combined voting power), regulatory approvals including Hart-Scott-Rodino clearance, and NASDAQ listing approval for the Cintas shares. The merger agreement includes a $213.3 million termination fee payable by UniFirst to Cintas and a $350 million termination fee payable by Cintas to UniFirst under specified circumstances. The transaction is expected to close by January 10, 2027, subject to automatic extensions of up to two four-month periods under certain conditions. https://www.sec.gov/Archives/edgar/data/723254/0001193125-26-101154.txt - 2026-03-11 · 425 (0000950103-26-003607): 425 - CINTAS CORP — *Cintas Corporation provides uniform rental and facility services, including work clothing and related garments.* Cintas Corporation announced a merger transaction with UniFirst Corporation. Under the transaction, Cintas will issue shares of its common stock to UniFirst shareholders. Cintas will file a Registration Statement on Form S-4 with the SEC to register the shares to be issued, which will include a proxy statement/prospectus for UniFirst shareholders. The definitive proxy statement/prospectus will be sent to UniFirst shareholders. https://www.sec.gov/Archives/edgar/data/723254/0000950103-26-003607.txt - 2026-03-11 · 425 (0000950103-26-003569): 425 - CINTAS CORP — *UniFirst Corporation provides uniform rental and facility services, including garment manufacturing and laundry operations, to commercial and industrial customers across North America.* On March 10, 2026, Cintas Corporation entered into a definitive merger agreement with UniFirst Corporation, whereby Cintas will acquire UniFirst through a two-step merger structure. UniFirst shareholders will receive $155 in cash and 0.7720 shares of Cintas common stock per share of UniFirst common stock. The transaction is expected to close by January 10, 2027, subject to customary closing conditions including UniFirst shareholder approval (requiring two-thirds of combined voting power), regulatory approvals including Hart-Scott-Rodino clearance, and NASDAQ listing approval for the Cintas shares. Cintas has secured a $2.85 billion senior unsecured 364-day bridge loan commitment from Morgan Stanley, KeyBank, and Wells Fargo to finance the transaction. UniFirst shareholders representing approximately two-thirds of voting power have committed to vote in favor via a voting and support agreement. https://www.sec.gov/Archives/edgar/data/723254/0000950103-26-003569.txt - 2026-03-11 · 425 (0000950103-26-003601): 425 - CINTAS CORP — *Cintas Corporation provides uniform rental and facility services, including work clothing, uniforms, and related garments.* Cintas Corporation announced a definitive merger agreement to acquire UniFirst Corporation. The transaction will be effected through an exchange of Cintas common stock for UniFirst shares. Cintas will file a Registration Statement on Form S-4 with the SEC to register the shares of Cintas common stock to be issued in the transaction. A proxy statement/prospectus will be sent to UniFirst shareholders for approval. The filing does not disclose the transaction value, exchange ratio, or expected closing date. https://www.sec.gov/Archives/edgar/data/723254/0000950103-26-003601.txt - 2026-03-11 · 425 (0000950103-26-003609): 425 - CINTAS CORP — *Cintas Corporation provides uniform rental and facility services, work clothing, and related products to business customers across the U.S. and Canada.* Cintas Corporation has entered into a definitive agreement to acquire UniFirst Corporation. The transaction is expected to close in the second half of calendar 2026. The combination will serve approximately 1.5 million business customers across the U.S. and Canada, optimize route networks, service infrastructure, supply chains and technology investments, and bring together the complementary strengths of both organizations. https://www.sec.gov/Archives/edgar/data/723254/0000950103-26-003609.txt ## Citations - 0000950103-26-003614 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326003614 - 0000950103-26-003603 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326003603 - 0000950103-26-003608 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326003608 - 0001193125-26-101154 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526101154 - 0000950103-26-003607 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326003607 - 0000950103-26-003569 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326003569 - 0000950103-26-003601 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326003601 - 0000950103-26-003609 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326003609