FTC Initiates Second Review of Cintas's UniFirst Acquisition
What happened
The Federal Trade Commission initiated a second review of the acquisition of UniFirst by Cintas on October 7, 2026. The report notes that Cintas's acquisition of UniFirst faces this second request from the FTC.
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Why it matters
The regulatory review introduces uncertainty regarding the completion of the acquisition. Cintas trades at 39 times trailing earnings, meaning any integration issues could leave the stock with no valuation cushion.
A company's board is reviewing potential acquisitions of its U.S. operations and establishing new distribution partnerships with UniFirst and C&S, supported by commitments from Costco.
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Who's involved
- CintasAmerican business services company pursuing the acquisition of UniFirst.
- Federal Trade CommissionU.S. federal government agency conducting the formal regulatory review.
- UniFirstAmerican multinational corporation that is the subject of the acquisition.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
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The entities involved
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Cintas
American business services providing uniforms, safety, hygiene and more
Nothing else this week.
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Federal Trade Commission
United States federal government agency
Related events
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- The Federal Trade Commission and the European Commission both reviewed the merger clearance process.
- The Federal Trade Commission (FTC) has taken action on its part of the agenda, supporting the regime's highest priority.