3M acquires Madison Fire & Rescue, forms joint venture in fire safety business
3M announced it has entered into a definitive agreement to acquire Madison Fire & Rescue, in partnership with Bain Capital.
In a new joint venture, 3M will contribute Scott Safety, receive $700M of cash proceeds upon closing, and own 50.1% of the new company — Bain Capital will own 49.9%.
Madison Fire & Rescue offers a premier portfolio in rescue technology and fire suppression, including products offered under the Holmatro, Amkus, Task Force Tips, Fire Fighting Systems, and Waterax brands. This business aligns with 3M, sharing strengths in technology innovation, quality and reliability, and brand.
The combination of Scott's premium Self-Contained Breathing Apparatus (SCBA) solutions with Madison Fire & Rescue's complementary portfolio will enable the company to better serve firefighters, first responders and industrial workers.
"This strategic transaction broadens 3M's safety portfolio, one of our priority verticals, by expanding our market reach and building scale for future growth," said 3M Chairman and CEO William Brown. "It positions us to enhance margins and generate strong free cash flow, and enables continued investment in innovations that create value for customers and shareholders."
Under the terms of the transaction 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.
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