Added to YB: 2025-12-29
Pitch date: 2025-12-24
UNF [neutral]
UniFirst Corporation
-1.83%
current return
Author Info
Benevolus is a value investor that takes value wherever they can find it. Most of their positions are long microcap equities. Sign up for the newsletter.
Company Info
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada.
Market Cap
$3.6B
Pitch Price
$201.26
Price Target
N/A
Dividend
0.70%
EV/EBITDA
9.69
P/E
25.01
EV/Sales
1.43
Sector
Commercial Services and Supplies
Category
special_situation
Sometimes its not about the money: Overpriced acquisition offer for Unifirst is unlikely to go through.
UNF (deal won't go through): 3rd largest US uniform rental co at $200/share vs EPV of $161 ($1.45B EV). Cintas offered $275 + $19.44 breakup fee but family control (71% B shares, 10x voting) repeatedly rejects sales. Market implies 40% deal odds but family history suggests <10%. Declining industry dynamics favor leader Cintas.
Read full article (3 min)