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Cintas history
Cintas company history timeline
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.
Satellite and Acme merged two years later, and the unified company's name was changed to Cintas in 1972.
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.
Richard Farmer finally took his company public in 1983, selling a minority stake on the over-the-counter market at $17 per share.
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.
Bob Kohlhepp became CEO in 1996, while Dick Farmer became Chairman of the Board.
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.
Some were larger companies, such as Uniforms to You, which Cintas bought in 1998.
Sales for Cintas in 1998 were over $1 billion.
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.
In 2003, Cintas acquired Kamp Fire Equipment, a distributor of fire safety products and services.
Another investigation involved the March 2007 death of a Tulsa, Oklahoma employee.
In 2015, Cintas acquired Zee Medical from McKesson Corporation for approximately $130 million.
In 2016, CEO Scott Farmer became chairman of the board.
In 2017, Cintas made their largest acquisition with G&K Services for $2.2 billion.
August 5, 2021 Founder Dick Farmer died.
In 2021, Scott Farmer retired as CEO, retaining his position as Executive Chairman.
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Cintas competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| UPS | 1907 | $91.1B | 481,000 | 1,336 |
| Whirlpool | 1911 | $16.6B | 78,000 | 200 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,252 |
| The Home Depot | 1978 | $159.5B | 500,001 | 25,428 |
| Aetna | 1853 | $60.6B | 47,950 | 9 |
| G&K Services | - | $993.0M | 7,800 | - |
| Ally Financial | 1919 | $6.4B | 8,700 | 7 |
| UniFirst | 1936 | $2.4B | 14,000 | 529 |
| UnitedHealth Group | 1977 | $400.3B | 300,000 | 8,940 |
| Print-O-Stat | 1954 | $35.1M | 100 | - |
Cintas history FAQs
Zippia gives an in-depth look into the details of Cintas, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cintas. The employee data is based on information from people who have self-reported their past or current employments at Cintas. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cintas. The data presented on this page does not represent the view of Cintas and its employees or that of Zippia.
Cintas may also be known as or be related to Cintas and Cintas Corporation.