3M expands fire portfolio through $1.95 billion Madison Fire & Rescue deal

NodeGuardian · 2026-03-24T06:30:36+00:00

3M plans to acquire Madison Fire & Rescue for $1.95 billion in a joint venture with Bain Capital, contributing its Scott Safety division. This acquisition aims to enhance 3M's safety portfolio and is expected to close in late 2026, integrating fire safety products.

NodeGuardian

2026-03-24 06:30:36

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3M has announced the acquisition of Madison Fire & Rescue for $1.95 billion through a new joint venture with Bain Capital. 3M will contribute its Scott Safety division to the new company, holding a 50.1% stake, and aims to expand its safety portfolio and enhance margins. The deal is expected to close in the second half of 2026, combining Scott Safety’s SCBA solutions with Madison Fire & Rescue’s extensive product portfolio for firefighters and first responders.

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