Regulators OK Cintas, G&K Merger
Cintas Corp. announced on March 17 that the company has obtained all necessary regulatory consents relating to the acquisition of G&K Services Inc. with no divestiture requirements. The transaction is expected to close on Tuesday, March 21. G&K Services shareholders previous voted in favor of the transaction its annual meeting of shareholders held on Nov. 15, 2016.
G&K Services, based in Minnetonka, MN, is a uniform and facility services provider with more than 170,000 customers in the U.S. After the transaction closes, Cintas, based in Mason, OH, is expected to have more than 1 million customers in the U.S. and Canada. The company’s annual revenue is expected to exceed $6 billion. Click here, here and here for details.