M&A Deal Summary

Cintas Acquires Sitex

On February 20, 2024, Cintas acquired business services company Sitex

Acquisition Highlights
  • This is Cintas’ 4th transaction in the Business Services sector.
  • This is Cintas’ 11th transaction in the United States.
  • This is Cintas’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2024-02-20
Target Sitex
Sector Business Services
Buyer(s) Cintas
Deal Type Add-on Acquisition

Target

Sitex

Henderson, Kentucky, United States
website
Sitex is a family-owned supplier of uniform and facility service programs. Sitex was founded in 1961 and is based in Henderson, Kentucky.

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Buyer(S) 1

Buyer

Cintas

Cincinnati, Ohio, United States

website


Category Company
Founded 1968
Sector Business Services
Employees43,000
Revenue 7.9B USD (2022)
DESCRIPTION

Cintas is a provider of uniform and safety products to customers throughout North and South America and Europe. Cintas rents, sells, and services uniforms and other garments including flame resistant clothing, mats, mops and shop towels and other ancillary items. Cintas also offers restroom cleaning services and supplies as well as carpet and tile cleaning services. Cintas was incorporated in 1968 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 14 of 15
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 10 of 11
State (Kentucky) 1 of 1
Country (United States) 11 of 12
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-16 G&K Services

Minnetonka, Minnesota, United States

G&K Services is a service-focused provider of branded uniform and facility services programs in the United States and Canada. G&K was formed in 1902 and is based in Minnetonka, Minnesota.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 Paris Uniform Services

DuBois, Pennsylvania, United States

Paris Uniform Services is a family-owned supplier of uniform and facility services. Paris Uniform Services was founded in 1978 and is based in DuBois, Pennsylvania.

Buy -