Engine Capital issues statement in support of UniFirst sale to Cintas

Engine Capital, which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (UNF) released the following statement on behalf of managing partner Arnaud Ajdler regarding the company’s announced sale to Cintas (CTAS): “This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with the Company regarding opportunities to unlock value. We believe this engagement ultimately paved the way for the transaction announced today. I would like to thank the UniFirst Board and the Croatti trustees for pursuing a transaction that recognizes the Company’s strategic value. In particular, I want to thank Chairman Joseph Nowicki and independent director Sergio Pupkin for engaging constructively with shareholders during the recent proxy contest, listening to their feedback, and ultimately bringing this transaction to fruition.”