3M to Acquire Madison Fire & Rescue in Partnership With Bain Capital, Combining With Scott Safety

March 19, 2026

3M entered into a definitive agreement to acquire Madison Fire & Rescue in partnership with Bain Capital. The deal includes forming a new joint venture where 3M contributes Scott Safety, receives $700M in cash proceeds at closing, and will own 50.1% of the new company, with Bain Capital owning 49.9%.

Buyers
3M, Bain Capital
Targets
Madison Fire & Rescue
Sellers
Madison Industries
Platforms
Scott Safety
Location
United States
Transaction Type
Buyout

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