UniFirst Corporation Acknowledges Unsolicited Acquisition Proposal from Cintas Corporation

UniFirst received a $275 per share acquisition proposal from Cintas, currently under review by its Board of Directors.

Quiver AI Summary

UniFirst Corporation has received an unsolicited, non-binding acquisition proposal from Cintas Corporation to buy all outstanding UniFirst shares for $275.00 each. In response, UniFirst's Board of Directors is engaging independent financial and legal advisors to carefully review the proposal in accordance with their fiduciary responsibilities. The Board will assess the best course of action for the company and its stakeholders, and no further comments will be made until this review is complete. UniFirst has advised its shareholders that no action is required from them at this time. The company, based in Wilmington, Massachusetts, is a leader in uniform supply services and operates over 270 service locations.

Potential Positives

UniFirst received a non-binding acquisition proposal from Cintas Corporation, which indicates the company's valued position in the market.
The proposal price of $275.00 per share could signal strong financial health and potential value for existing shareholders.
UniFirst's Board is proactively engaging independent financial and legal advisors, showcasing a commitment to thorough evaluation and fiduciary responsibility.
The company has a robust operational presence, with over 270 service locations and 16,000 employees, indicating stability and capacity which may appeal to investors and potential acquirers.

Potential Negatives

Receiving an unsolicited acquisition proposal may signal to investors and the market that UniFirst could be undervalued or facing challenges in its current operations.
The lack of immediate acceptance or rejection of the proposal could create uncertainty among shareholders about the Company's future direction and leadership stability.

FAQ

What is the Cintas proposal for UniFirst?

Cintas Corporation proposed to acquire all UniFirst shares for $275.00 each in cash on December 12, 2025.

How is UniFirst responding to the acquisition proposal?

UniFirst's Board of Directors is reviewing the proposal with independent financial and legal advisors to determine the best course of action.

Will UniFirst shareholders need to take action regarding the proposal?

No, UniFirst shareholders do not need to take any action at this time as the Board is still reviewing the proposal.

Who are UniFirst's advisors in this matter?

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are financial advisors; Paul Hastings LLP is the legal advisor.

What services does UniFirst Corporation provide?

UniFirst offers uniform and workwear programs, facility service products, first aid supplies, and specialized garment programs.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$UNF Insider Trading Activity

$UNF insiders have traded $UNF stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $UNF stock by insiders over the last 6 months:

DAVID MARTIN KATZ (Executive VP, Sales/Marketing) has made 0 purchases and 2 sales selling 9 shares for an estimated $1,397.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$UNF Revenue

$UNF had revenues of $614.4M in Q4 2025. This is a decrease of -3.97% from the same period in the prior year.

You can track UNF financials on Quiver Quantitative's UNF stock page.

$UNF Hedge Fund Activity

We have seen 152 institutional investors add shares of $UNF stock to their portfolio, and 181 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VOSS CAPITAL, LP removed 163,962 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $30,860,927
M&G PLC removed 122,101 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $22,981,850
MORGAN STANLEY removed 116,580 shares (-50.7%) from their portfolio in Q3 2025, for an estimated $19,491,010
FIRST TRUST ADVISORS LP added 115,802 shares (+60.5%) to their portfolio in Q3 2025, for an estimated $19,360,936
COOPER CREEK PARTNERS MANAGEMENT LLC added 111,179 shares (+108.0%) to their portfolio in Q3 2025, for an estimated $18,588,017
TIMESSQUARE CAPITAL MANAGEMENT, LLC added 108,720 shares (+inf%) to their portfolio in Q3 2025, for an estimated $18,176,896
JPMORGAN CHASE & CO removed 86,893 shares (-56.9%) from their portfolio in Q3 2025, for an estimated $14,527,640

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$UNF Analyst Ratings

Wall Street analysts have issued reports on $UNF in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 07/14/2025

To track analyst ratings and price targets for $UNF, check out Quiver Quantitative's $UNF forecast page.

$UNF Price Targets

Multiple analysts have issued price targets for $UNF recently. We have seen 3 analysts offer price targets for $UNF in the last 6 months, with a median target of $175.0.

Here are some recent targets:

Joshua Chan from UBS set a target price of $182.0 on 10/23/2025
Manav Patnaik from Barclays set a target price of $145.0 on 10/23/2025
Andrew Steinerman from JP Morgan set a target price of $175.0 on 07/14/2025

Full Release

WILMINGTON, Mass., Dec. 22, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (the “Company” or “UniFirst”) (NYSE: UNF) today confirmed it received an unsolicited, non-binding proposal from Cintas Corporation (“Cintas”) (NASDAQ: CTAS) to acquire all the outstanding UniFirst common and Class B shares for $275.00 per share in cash on December 12, 2025.

Upon receipt of Cintas’ proposal, the UniFirst Board of Directors engaged independent financial and legal advisors. Consistent with its fiduciary duties and in consultation with its advisors – as communicated to Cintas – the Board is carefully reviewing and evaluating the proposal to determine the course of action that it believes is in the best interests of the Company, its shareholders and other stakeholders.

UniFirst does not intend to comment further on Cintas’ proposal until the Board has completed its review. UniFirst shareholders do not need to take any action at this time.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as financial advisors, Paul Hastings LLP is serving as legal advisor, and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to UniFirst.

About UniFirst

Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the company also manages specialized garment programs for the cleanroom and nuclear industries. In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its three company-owned manufacturing facilities. With more than 270 service locations, over 300,000 customer locations, and 16,000-plus employee Team Partners, the company outfits more than 2 million workers every day. For additional information, contact UniFirst at 888.296.2740 or visit UniFirst.com . Follow UniFirst on Social Media: LinkedIn , Facebook , X , YouTube , Instagram .

Investor Relations Contact:
Shane O'Connor, Executive Vice President & CFO
UniFirst Corporation
978-658-8888
[email protected]

Media Contact:
Matthew Sherman / Joe Sala / Aura Reinhard
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449