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
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
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