Cintas Corporation Announces Regulatory Approval for the Acquisition of G&K Services, Inc.
CINCINNATI - March 17, 2017 - Cintas Corporation (Nasdaq: CTAS) announced today that all necessary regulatory consents relating to the acquisition of G&K Services, Inc. (“G&K Services”) have been received with no divestiture requirements, and the transaction is expected to close on Tuesday, March 21, 2017. G&K Services shareholders previously voted to approve the transaction at its annual meeting of shareholders held on November 15, 2016.
G&K Services is a uniforms and facility services provider with over 170,000 customers in the U.S. and Canada and with annual revenue of roughly $1.0 billion. After this transaction is completed, Cintas expects to serve over one million customers in the U.S. and Canada and have annual revenue in excess of $6.0 billion.
About Cintas Corporation
Cintas Corporation helps more than 900,000 businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety and compliance training, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.
For additional information, contact:
J. Michael Hansen, Senior Vice President-Finance and Chief Financial Officer – 513-701-2079
Paul F. Adler, Vice President and Treasurer – 513-573-4195