Cintas $2.2 billion acquisition of G&K Services

Overview:

• Cintas has acquired fellow uniform leaser and provider G&K Services in a $2.2 billion deal.
• The cost comes to $97.50 per G&K share, and includes the company's debt.
• The deal is expected to close within 4-6 months.
• It appears that G&K will continue to operate under its own name as a subsidiary of Cintas.
• Jones Day (James Dougherty, Ben Stulberg) and Keating Muething & Klekamp advised Cintas.
• Weil Gotshal & Manges (Michael Aiello, Matthew Gilroy) and Stinson Leonard Street advised G&K.
• Shearman & Sterling (John Marzulli, Alan Sun) represented G&K financial adviser BofA Merrill Lynch.

Kurt Stumpo - Journalist - North America and the Caribbean