PHILADELPHIA, PA – Aramark (NYSE: ARMK) announced that it completed the previously announced acquisition of AmeriPride Services Inc., for approximately $1.0 billion.
“I’m very excited about our future and the prospect of bringing together two great organizations, each with unique strengths and incredible talent,” said Bill Evans, president and CEO of AmeriPride. “We have a great integration team in place and I am expecting a smooth transition for our employees and customers.”
AmeriPride is a leading uniform and linen rental and supply company in the U.S. and Canada, with annual revenue of approximately $600 million. The combination of these two uniform services companies will create a leading uniform services provider with enhanced scale and capabilities, serving nearly 500,000 customers. The transaction will bolster Aramark’s competitive position in the U.S., and immediately establish a strong position in Canada.
“This merger will enable us to enhance customer service, drive greater efficiencies, expand career opportunities for our employees and we expect it will generate sustainable value for our shareholders,” said Eric J. Foss, chairman, president and CEO of Aramark. “I welcome AmeriPride’s talented and experienced team to the Aramark family, and look forward to our future success as a combined organization.”