Rising Tide—Global Laundry M&A Moves

Following the March completion of a $2.2 billion megamerger between Cintas Corp., Mason, OH; and G&K Services Inc., Minnetonka, MN, it’s clear that as the U.S. economy has experienced steady, albeit unspectacular, growth since the Great Recession of ’08-’09. At the same time, the linen, uniform and facility services industry has moved toward further consolidation. In the U.S., additional acquisitions are happening as larger national and regional companies expand by acquiring smaller independents. A similar shift is visible in the European and international markets, with many independents targeted for potential purchase by larger, aggressive companies interested in expanding their footprint ...

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