Who bought G&K Services?
Cintas Corporation
Jones Day advised Cintas Corporation in its acquisition of all of the outstanding shares of G&K Services, Inc. for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired debt.
Does Cintas own G&K?
CINCINNATI, March 21, 2017 — Cintas Corporation (Nasdaq: CTAS) announced today that it completed the previously announced acquisition of G&K Services, Inc. (“G&K Services”) for approximately $2.2 billion, including acquired net debt.
When did Cintas buy G&K?
March 21, 2017
G&K Services, Inc. On March 21, 2017, the company was acquired by Cintas for approximately $2.2 billion.
What company owns Cintas?
American First Aid is acquired, launching Cintas into the First Aid & Safety business.
Who is Cintas biggest competitor?
Aramark
1. Aramark. Providing similar services and products as Cintas, Aramark is Cintas’ biggest competitor, offering health safety, food service, facilities, and uniform services to the education, healthcare, business, prison, and leisure sectors. Aramark’s revenue of over $14 billion confirms its formidable global presence.
Who is a competitor of Cintas?
CINTAS CORPORATION competitors include Ecolab, Sysco, Aramark, Alliance Technologies and AmeriPride Services.
Is Cintas a Fortune company?
Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.
What rank is Cintas Fortune 500?
No. 410
This is the second award Cintas has received from FORTUNE during its 2022 fiscal year. Last June, Cintas also earned a place on the publication’s 2021 FORTUNE 500 list, coming in at No. 410 – the company’s best-ever finish.
Who is better Cintas or Aramark?
Compare company reviews, salaries and ratings to find out if Aramark or Cintas is right for you. Aramark is most highly rated for Work/life balance and Cintas is most highly rated for Compensation and benefits….Overall Rating.
| Overall Rating | 3.5 | 3.3 |
|---|---|---|
| Culture | 3.3 | 3.1 |
Is Cintas a union?
Unite stands for the Union of Needletrades, Industrial and Textile Employees. Cintas has 17,000 employees in the U.S. and Canada; only 700 belong to unions, according to company officials.
Who is Aramark owned by?
In 1983, Joseph Neubauer is elected CEO of ARA Services. In 1984, ARA Services takes ownership of 40 percent of the company after deflecting a hostile takeover through a management buyout. As a result, the company returns to the private sector, de-listing from the NYSE.
Is Cintas worth the money?
Cintas has a consumer rating of 1.95 stars from 61 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about Cintas most frequently mention year contract and customer service problems. Cintas ranks 24th among Uniforms sites.
Is Cintas worth working for?
Is Cintas a good company to work for? Cintas has an overall rating of 3.6 out of 5, based on over 4,634 reviews left anonymously by employees. 67% of employees would recommend working at Cintas to a friend and 69% have a positive outlook for the business. This rating has improved by 1% over the last 12 months.
What brands does Aramark own?
| American Snack & Beverage, Inc. | Florida |
| ARAMARK American Food Services, Inc. | Ohio |
| ARAMARK Asia Management, LLC | Delaware |
| ARAMARK Aviation Services Limited Partnership | Delaware |
| ARAMARK Business Dining Services of Texas, Inc. | Texas |
Is Aramark privately owned?
In 1984, ARA Services takes ownership of 40 percent of the company after deflecting a hostile takeover through a management buyout. As a result, the company returns to the private sector, de-listing from the NYSE. In 1989, ARA Services employs 125,000 people and has total revenues of approximately $4.2 billion.
What is wrong Aramark?
Over the course of many years, Aramark has been at the center of numerous complaints in prisons, with issues of maggots found in food, prisoners being served food that had been nibbled on by rodents, employees smuggling in contraband and employees engaging in workplace sexual misconduct.
Who bought Aramark?
BOSTON/NEW YORK (Reuters) – Activist investor Paul Hilal’s Mantle Ridge LP has bought nearly 10% of Aramark’s ARMK. N common stock to push for changes at the U.S. food services company, a regulatory filing showed on Friday.
Why is Aramark controversial?
Aramark has come under fire numerous times for their controversies involving racism and their use of prison labor. One particular instance occurred at New York University, in which Aramark approved a menu which included Kool-Aid and watermelons to be served in honor of Black History Month.