Cintas - M&A Summary and Business Overview

Business ServicesCompany

Cintas M&A Summary

Cintas has acquired 16 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

Cintas’ largest acquisition to date was in 2016, when it acquired G&K Services for $2.2B. Cintas has acquired in 9 different US states, and 3 countries. The Company’s most targeted sectors include consumer services (34%) and business services (27%).

Cintas Business Overview

Where is Cintas headquartered?

Cintas is headquartered in Cincinnati, Ohio.

What is Cintas’ revenue?

Cintas disclosed revenue of 8,816M USD for 2023 and 7,854M USD for 2022.

How many employees does Cintas have?

Cintas has 43,000 employees.

What sector is Cintas in?

Cintas is a business services company.

When was Cintas founded?

Cintas was founded in 1968.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity15
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

Cintas

Cintas Corp.

6800 Cintas Boulevard,
Cincinnati, Ohio 45262
United States,
(513) 459-1200
www.cintas.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 13 - - - - 2 15
vol $2.8B $2.8B
Sell (0.0/yr) # 1 - - - - - 1
  16

Most Recent M&A

Company Date Value Type
Paris Uniform Services 2024-03-13 - Add-on Acquisition
DuBois, Pennsylvania
Sitex Corp. 2024-02-20 - Add-on Acquisition
Henderson, Kentucky · www.sitex-corp.com
G&K Services, Inc. 2016-08-16 2.2B USD Add-on Acquisition
Minnetonka, Minnesota · www.gkservices.com
White Fire Extinguisher, Inc. 2015-12-21 - Add-on Acquisition
Mercer, Pennsylvania · www.whitefireext.com
Zee Medical, Inc. 2015-07-31 130M USD Divestiture
Irvine, California · www.zeemedical.com
Cintas Document Management UK Ltd. 2014-11-06 - Divestiture
Birmingham, United Kingdom · www.cintas.co.uk
3GS LLC 2012-11-27 - Add-on Acquisition
Knoxville, Tennessee · www.3gsshredding.com
FACS Records Center 2011-03-17 - Divestiture
Phoenix, Arizona
Code Shred Ltd. 2011-01-19 - Add-on Acquisition
Valley Stream, New York · www.codeshred.com
Metro Door, Inc. 2010-12-10 - Add-on Acquisition
Great River, New York · www.metrodoor.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Services 5 (33%) - - -
Business Services 4 (27%) 2.2B (79%) 1 (100%) -
Real Estate 2 (13%) - - -
Safety/Security 2 (13%) 130M (5%) - -
Apparel/Textiles 1 (7%) 460M (16%) - -
Distribution 1 (7%) - - -
Total 15 $2.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 12 2.8B - -
  California 2 130M - -
  Pennsylvania 2 - - -
  New York 2 - - -
  Arizona 1 - - -
  Tennessee 1 - - -
  Missouri 1 460M - -
  Minnesota 1 2.2B - -
  Kentucky 1 - - -
  Illinois 1 - - -
Canada 2 - - -
  Alberta 2 - - -
United Kingdom 1 - 1 -
Domestic 12 (80%) 2.8B (100%) - -
Cross-border 3 (20%) - 1 (100%) -
Total 15 $2.8B 1 -

Top M&A Advisors

Legal Deals
Jones Day
1

Deal Values

buy # Total
> $1B 1 $2.2B
$100M to $1B 2 $590M
TOTAL $2.8B
Largest G&K Services, Inc.
$2.2B (2016-08-16)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
13%
2 (13%)
Divested to
Strategic(s)
100%
1 (100%)

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