Cintas agreed to acquire UniFirst in a $5.5 billion deal, reuniting the uniform supplier it first pursued more than four years ago. The transaction, valued at an enterprise value of $5.5 billion, sees UniFirst shareholders receive $155 in cash plus 0.772 shares of Cintas stock per share, totaling $310 per share based on Monday's Cintas closing price of $200.77. This merger consolidates the workplace products market, combining Cintas's broad offerings with UniFirst's specialized uniform services.

The deal represents a significant consolidation for the $2.3 billion uniform rental and supply industry, potentially strengthening both companies against rising operational costs and shifting workplace apparel demands.