Cintas acquires G&K Services for $2.2 billion
Clients Cintas Corporation
Jones Day advised Cintas Corporation in its acquisition of all of the outstanding shares of G&K Services, Inc. for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired debt. The combined company is expected to have annual revenues in excess of $6 billion and will serve over one million business customers.
In addition to M&A representation, Jones Day provided employee benefits, regulatory, tax, real estate, and financing advice regarding this transaction.