Three Offers Later, Cintas Finally Lands UniFirst – Merger Arbitrage Mondays

UniFirst Corporation (UNF): $273.31

Market Cap: $5.03B

Deal Value: $5.5B

Cintas Corporation (CTAS), a provider of workplace uniforms, supplies, and services, entered a merger agreement on March 11, 2026, to acquire smaller rival UniFirst in a deal valued at $5.5 billion, combining two of North America’s largest workwear and facility services providers.

Cintas is one of the larger companies in the S&P 500, with more than $10 billion in annual revenue and about 45,000 employees. UniFirst is much smaller, with around $2.4 billion in revenue.

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