Cintas

Headquartered in Cincinnati, OH, Cintas Corporation provides highly specialized services to businesses of all types throughout North America. Cintas operates more than 420 facilities in the U.S. and Canada, including four manufacturing plants and eight distribution centers that employ more than 30,000 people. 

Company revenues were $3.5billion in fiscal year 2010. Net income for the year was $216 million, and earnings per diluted share were $1.49.Cintas was founded by Richard T. Farmer, Chairman Emeritus. Scott Farmer was appointed Chief Executive Officer in 2003 and Bob Kohlhepp serves as Chairman of the Board.

1968: Funded with $400,000 in equity raised by Farmer and his 23-year-old controller, Robert Kohlhepp, Satellite established new uniform plants throughout the Midwest's major cities, starting with Cleveland, in 1968. In 1968, Dick Farmer founded the Satellite Corporation.

1972: Satellite and Acme merged two years later, and the unified company's name was changed to Cintas in 1972.

1973: Farmer had originally hoped to raise additional growth funds by taking the company public in 1973 but found equity markets inhospitable to initial public offerings at that time.

1983: Richard Farmer finally took his company public in 1983, selling a minority stake on the over-the-counter market at $17 per share.

1995: In 1995, he turned over the chief executive office and presidency to his longtime right-hand man, Robert Kohlhepp. Cintas expanded its uniform services into Canada with the acquisition of Cadet Uniform Service Ltd in 1995.

1996: Bob Kohlhepp became CEO in 1996, while Dick Farmer became Chairman of the Board.

1997: In 1997, Cintas acquired two businesses that supplied OSHA-required first-aid kits to companies. In 1997, Richard's son Scott Farmer was promoted to president, setting up the fourth generation of Farmers to lead the company. 1997: The company moves into the first aid market.

1998: Some were larger companies, such as Uniforms to You, which Cintas bought in 1998. Sales for Cintas in 1998 were over $1 billion.

1999: Then, in 1999, Cintas made its largest acquisition yet, taking up one of its prime rivals, Kansas City-based Unitog Co. By 1999, Cintas's operations had grown to over 200 uniform rental facilities across the United States.

2003: In 2003, Cintas acquired Kamp Fire Equipment, a distributor of fire safety products and services.

2007: Another investigation involved the March 2007 death of a Tulsa, Oklahoma employee.

2015: In 2015, Cintas acquired Zee Medical from McKesson Corporation for approximately $130 million.

2016: In 2016, CEO Scott Farmer became chairman of the board.

2017: In 2017, Cintas made their largest acquisition with G&K Services for $2.2 billion.

2021: August 5, 2021 Founder Dick Farmer died. In 2021, Scott Farmer retired as CEO, retaining his position as Executive Chairman.

According to Cintas, the company mission is “to exceed our customers' expectations to maximize the long-term value of Cintas for its shareholders and working partners".

As stated in company website, Cintas vision is:" to commit to doing what’s right have been central to our company since the beginning."