Cintas Corporation Acquisition of G&K Services
Cintas Corporation and G&K Services are two companies that provide services related to the rental and laundering of branded uniforms. Cintas sought to acquire all G&K's outstanding shares for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired debt. An Analysis Group team, including Managing Principal Rebecca Kirk Fair and Vice Presidents Emily Cotton and Peter Simon, and additional team members from several Analysis Group offices, was retained on behalf of both parties to evaluate the competitive effects of the acquisition. The Analysis Group team supported the process through the second request phase. The US Federal Trade Commission ultimately approved the acquisition with no divestiture requirements.