3M Company acquired Madison Fire & Rescue for $1.95B, a transaction announced in March 2026, structured as Joint venture / carve-out acquisition (with Bain Capital; 3M contributes Scott Safety, owns 50.1%).
Madison Fire & Rescue operates in Safety & Industrial (Personal Safety), is based in United States / Global. Madison Fire & Rescue, acquired from Madison Industries, offers rescue technology and fire-suppression products under the Holmatro, Amkus, Task Force Tips, Fire Fighting Systems and Waterax brands. 3M and Bain Capital agreed to buy it for $1.95 billion and form a new joint venture into which 3M contributes its Scott Safety business, receives $700M of cash proceeds at closing and holds 50.1% (Bain 49.9%).
Broadens 3M's safety portfolio, builds scale in fire and rescue, and combines with Scott Safety's SCBA solutions; expected to close H2 2026.
Advisory firms were not disclosed for this transaction.