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Cintas closes deal to acquire G&K Services

Cintas Corp. on March 21 closed its acquisition of G&K Services Inc. for a transaction value of $2.18 billion.

The company offered $97.5 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Jones Day and Keating Muething & Klekamp PLL were the legal advisers for Cintas.

Merrill Lynch Pierce Fenner & Smith Inc. was the financial adviser for G&K Services, while Stinson Leonard Street LLP and Weil Gotshal & Manges LLP were the legal advisers.