Cintas partners with Shred-it International to combine document shredding businesses for $180 million

Client(s) Cintas Corporation

Jones Day advised Cintas Corporation on the antitrust aspects of its newly formed partnership with Shred-it International Inc. to combine and operate both companies' document shredding businesses under the Shred-it brand. Cintas owns 42 percent of the partnership and 58 percent is owned by the shareholders of Shred-it. In addition to its 42 percent ownership of the partnership, Cintas received approximately $180 million in cash at closing.