Jim Cramer deemed Cintas Corporation the "ultimate Trump stock" on Wednesday, and he expects it to fly even higher when President-elect Donald Trump is in the White House

Cintas is the provider of uniforms for employees, as well as things like first aid, safety, fire production and cleaning products.

The core of the reason why Cramer likes Cintas was straightforward: When companies hire more people, they need more uniforms, and Cintas will make more money.

"If, like me, you believe that the triple whammy of lower corporate taxes, deregulation and the repatriation of overseas assets will provide a big boost to employment here in the United States, then it's easy to see why Cintas would be worth buying," the "Mad Money" host said.

Even after profits were taken after the Fed announcement on Wednesday, Cramer thinks the stock could have more room to run. Even before the election this company had a bullish set-up, he said, and it recently made a game changing acquisition that could have more ways to win than one.

When it comes to the uniform rental space, Cintas is the No. 1 player, led by CEO Scott Farmer, the son of Cintas' founder.

"These guys are less motivated by salaries or bonuses than by getting the stock price higher. They want to do right by shareholders because they are gigantic shareholders themselves," Cramer said.

Moving forward, Cramer thinks the stock could have more upside under Trump, even if the Federal Reserve executes multiple rate hikes in 2017.

In August, Cintas announced it would buy G&K Services, its closest competitor, for $2.2 billion. Once the deal closes, the combined company will have more than 1 million customers. Cintas is also expected to have more processing capacity and its routes will become denser and improve efficiency. The company thinks it could ultimately realize $130 to $140 million in annual synergies from the deal.

With the deal closing sometime in the second quarter of next year, Cramer thinks that Trump's regulators will be friendlier to the deal than Obama's regulators would have been.

"Trump's agenda is likely to produce a substantial pickup in economic growth, and Cintas is exactly the kind of company that will make a killing if that happens," Cramer said.

This is because of what is known as a short-cycle business. A long-cycle company takes a while to ramp up production because their goods have a complicated production process, such as Boeing.

Even better, Cintas pays a very high tax rate. Last year its effective income tax rate was 37.2 percent. So, if Trump can cut the corporate tax rate to 15 percent from 35 percent, Cintas will instantly become more profitable.

"I expect this company to do even better thanks to President-elect Trump's pro-business agenda, and I wouldn't be surprised if the stock, after the current consolidation, resumes its long march higher," Cramer said.

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