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Cintas delivery truck in Ann Arbor, Michigan Cintas delivery truck in Markham, ON. Cintas Corporation (/ ˈ s ɪ n t ɑː z /) is an American corporation headquartered in Mason, Ohio which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. [6]
On March 21, 2017, the company was acquired by Cintas for approximately $2.2 billion. [ 4 ] G&K Services' primary offerings were custom-embroidered logo clothing programs, facility services such as restroom supplies and floor mats, cleanroom garments, and process control services. [ 5 ]
The $275 per share offer is also a 54% premium to UniFirst’s closing price on February 7, 2022, when Cintas initiall UniFirst Shares Skyrocket As Cintas Reveals $275 Per Share Acquisition Offer ...
In 1973, Satellite acquired Acme and became known as Cintas. The company became publicly traded on the NASDAQ stock exchange in 1983. [4] He turned Mason, Ohio-based Cintas from a negative net worth of $34,000 into a Fortune 500 company with annual sales of $3.8 billion. Today Cintas works with over 800,000 other clients. [5]
Cintas' revenue has risen by 9% annually over the last decade as the company fueled its expansion through mergers and acquisitions (M&A) and organic growth. However, the company's improving cash ...
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In 2014, Shred-it merged with Cintas Document Shredding, which now operates under the Shred-it name. [ 8 ] [ 9 ] [ 10 ] In 2015, Stericycle acquired Shred-it and began positioning the company as one of its many waste management and compliance services.
CTAS earnings call for the period ending May 31, 2018.