UNIFIRST CORP (UNF): M&A transaction — UniFirst completes $300M acquisition of Clean Uniform with 11 locations in five states

UNIFIRST CORP

Acquired Clean Uniform for ~$300M; Clean operates 11 locations covering MO, IL, AR, KS, OK.
Credit accordion exercised, increasing borrowing capacity by $100M to $275M total to fund deal.
Acquisition closed March 13, 2023; Clean provides uniform, workwear and facility service programs.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

UNIFIRST CORP completed an acquisition involving Clean Holdco, Inc. and certain of its affiliates for approximately $300 million (closed 2023-03-13).

Action: acquisition
Counterparty: Clean Holdco, Inc. and certain of its affiliates
Consideration: approximately $300 million
Closing: 2023-03-13

Exact text from the filing

On March 13, 2023, UniFirst Corporation (the “Company”) completed its previously announced acquisition of the business and certain real estate assets of Clean Uniform (“Clean”) from Clean Holdco, Inc. and certain of its affiliates for an aggregate purchase price of approximately $300 million.

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UNIFIRST CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-008661

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