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3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott Safety

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  • 3M announced a definitive agreement to acquire Madison Fire & Rescue in partnership with Bain Capital.
  • The transaction involves forming a new joint venture where 3M will contribute Scott Safety and own 50.1% while Bain Capital owns 49.9%.
  • 3M will receive $700 million in cash proceeds upon the closing of the deal.
  • Madison Fire & Rescue owns a portfolio including Holmatro, Amkus, Task Force Tips, Fire Fighting Systems, and Waterax brands.
  • The combined entity will merge 3M's Self-Contained Breathing Apparatus solutions with Madison's rescue technology to better serve firefighters, first responders, and industrial workers.
  • 3M and Bain Capital will acquire Madison Fire & Rescue from Madison Industries for $1.95 billion.
  • The transaction is expected to close in the second half of 2026, subject to customary closing conditions.